Needle Action Activity Spotted in Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) and Halozyme Therapeutics Inc (HALO)

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) shares are moving today on volatility 0.78% or $0.08 from the open. The NYSE listed company saw a recent bid of $10.39 and 600564 shares have traded hands in the session.

With the stock market continuing to move higher (aside from today), investors may be searching for stocks that are still fairly undervalued. This may involve doing a little bit more homework than usual. Spotting those names that have been cast aside and not garnering much recent attention might be a good place to start. Putting in a few extra hours of stock research may provide some good options for buying on the next big dip. Of course, nobody can say for sure how long the markets will continue to climb. Being ready for a pullback can help if investors already have some names in mind that they are looking to scoop up when they fall to a certain level. Tracking the technicals and staying up on the fundamentals should help investors hone in on the next wave of stocks to add to the portfolio.

Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP’s Williams Percent Range or 14 day Williams %R currently sits at -77.48. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) is sitting at 22.38. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS) is currently at 46.58, the 7-day stands at 33.85, and the 3-day is sitting at 28.06.

Needle moving action has been spotted in Halozyme Therapeutics Inc (HALO) as shares are moving today on volatility -2.06% or -0.25 from the open. The NASDAQ listed company saw a recent bid of 11.88 and 599467 shares have traded hands in the session.

After a recent check, Halozyme Therapeutics Inc’s  14-day RSI is currently at 32.40, the 7-day stands at 22.92, and the 3-day is sitting at 9.26.

Taking a deeper look into the technical levels of Halozyme Therapeutics Inc (HALO), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -95.50. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Halozyme Therapeutics Inc (HALO) currently has a 14-day Commodity Channel Index (CCI) of -169.47. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. 

Currently, the 14-day ADX for Halozyme Therapeutics Inc (HALO) is sitting at 18.02. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. 

Trying to predict the day to day short-term movements of the stock market can be nearly impossible. Stocks have the tendency to make sudden moves on even the slightest bit of news or for apparently no reason at all. The daily trader may be looking to capitalize on swings or momentum, but the long-term investor may be searching for stability and consistency over a sustained period of time. During trading sessions, stock movements can seem like a popularity contest from time to time. Even after meticulous study, there may be no logical reason for a particular stock move. Riding out the waves of uncertainty may not be easy, but having a full-proof plan for when markets turn bad might be a great help to investors for long-term portfolio health.