Tracking shares of Guggenheim Enhanced Equity (GPM), we have seen that the stock price has fallen -0.86% over the last month. Focusing on the past week, shares have moved -1.47%. Zooming out to the last 6 months, shares have seen a change of 8.61%. Heading back a full year, shares have moved -0.12%.

Looking at the current landscape of the equity market, investors may be doing some bargain hunting for stocks to add to the portfolio. Many sharp investors will welcome temporary market dips which may provide plenty of buying opportunities. Being prepared for these types of opportunities can help the investor make quick decisions in the midst of a downturn. As we move closer to the close of the year, investors will be closely watching the next round of company earnings reports. Even if the individual investor chooses to trade conservatively during earnings, they can still do the necessary research and have stocks lined up to purchase when the time is right.

Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. Currently, Guggenheim Enhanced Equity (GPM) has a 14-day ATR of 0.08. The Average True Range is an investor tool used to measure stock volatility. The ATR is not used to figure out price direction, just to measure volatility. The ATR is an indicator developed by J. Welles Wilder. Wilder has developed multiple indicators that are still quite popular in today’s investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility.

Guggenheim Enhanced Equity (GPM) presently has a 14-day Commodity Channel Index (CCI) of -75.59. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

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Tracking other technical indicators, the 14-day RSI is presently standing at 47.61, the 7-day sits at 34.09, and the 3-day is resting at 12.09 for Guggenheim Enhanced Equity (GPM). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Keeping an eye on Moving Averages, the 50-day is 8.01, the 200-day is at 7.68, and the 7-day is 8.14 for Guggenheim Enhanced Equity (GPM). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figre out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

When it comes to investing, people are generally told to make sure that they don’t put all their eggs in one basket. This saying can apply to investing in the stock market as well. Keeping the stock portfolio diversified can greatly behoove the individual investor. When hard earned money is on the line, individuals may want to pay extra attention as to how their equity holdings are spread out. Many investors will choose to pick stocks that combine large cap, small cap, and even international stocks. Although stock portfolio diversification does not eliminate risk, it can help reduce it during tumultuous market conditions.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Presently, Guggenheim Enhanced Equity (GPM)’s Williams Percent Range or 14 day Williams %R is resting at -80.00. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

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