Technical Stock Update: 20D Lower Donchian at 14.35 for ProPetro Holding Corp. (NASDAQ:PUMP)

The stock market can be influenced by many different factors such as news, politics, earnings reports, or even company rumors. Often times the market may not react as expected to certain events. This may cause the investor to become frustrated at times. Sometimes certain market moves may seem to go against prevailing logic. This is why it can be extremely hard to predict near-term moves with any certainty. Taking a big picture look at the financial markets may help offer a clearer picture of how all the different aspects contribute to market movements. Figuring out why a certain move happened may help shed some light when the same scenario arises again in the future.  

Watching volatility readings, we can see the current value for ProPetro Holding Corp. (NASDAQ:PUMP) is 5.292479. Volatility for the week stands at 3.969438, and the monthly reading is 3.6394045. Volatility involves the amount of risk in relation to the amount of change in a stock’s value. Tracking the Bull Bear Power, we note that the stock is presently -0.12515642.

Shares of ProPetro Holding Corp. (NASDAQ:PUMP) ended last session at 14.92. Following today’s trade, we note that the stock has moved 0.4037685% since the opening bell. The company has a current market cap of 1249211000. The stock’s high price over the last month is presently 16.68.

Checking in on the Awesome Oscillator, we see that the reading is -0.8607353. Traders may follow this oscillator to measure market momentum. Created by Bill Williams, the Awesome Oscillator calculates the difference of the 5 period and 34 period SMA.

Donchian Channels may be useful for technical traders. The primary function of the indicator is to measure volatility. The bands will widen when volatility is high, and they will become narrow with low volatility. The 20 day upper band level is 15.965. For the same period, the lower band level is 14.35.

Trading on volume of 719147, ProPetro Holding Corp. (NASDAQ:PUMP) has seen a change from the open of 0.0675 since the stock opened at 14.8525. Monitoring today’s activity, the stock has hit a high point of 15.12 and slipped to a low of 14.765. The current consensus stock rating is Sell. Everyone will be focused on the next company earnings release which is scheduled to be reported next around 8/7/2018.

The 20 day Keltner Channels upper envelope is 15.5049305. The 20 day Keltner Channels lower envelope is 14.796214. The Keltner Channels indicator was introduced by Chester Keltner in his book How to Make Money in Commodities. Keltner’s ideas have since been expanded upon and are widely used by technical traders.

Following the Chaikin Money Flow indicator, we note that the current 20 day value is -0.044016078. Traders will watch to see if the indicator can help confirm an ongoing trend. In the midst of a bullish trend, the CMF value staying above zero may point to continuous buying pressure and the possibility of a sustained rise in price. In the midst of a bearish trend, the CMF value staying below zero may show continuous selling pressure and the possibility of continued price decline.

Scanning the equity market, we note that the stock’s current Oscillator Rating is showing “Neutral”. Traders will take note of many different factors when examining a stock’s health. Flipping over to the Moving Average Rating, we see that the current sentiment is pointing to a “Strong Sell”.