Following the ATR on Shares of Hamilton Lane Incorporated (:HLNE)

Investors following the charts for Hamilton Lane Incorporated (:HLNE) may be taking note that the current ATR level is 1.37. The ATR or average true range was developed by J. Welles Wilder. The ATR tracks the distance that the stock price is moving each period. The ATR may be used by investors and traders to gauge when markets are likely to range, when extreme stock price levels are being approached, or if there is significant interest in a trend. ATR may be used as an indicator, but it may not predict anything by itself. Higher ATR’s may indicate that the stock is trending, and smaller ATR’s may be indicitive of stock price consolidation. The ATR range will be positive whether or not shares are trending up or down. ATR may allow traders to more accurately buy or sell into certain trends.

Keeping an eye on the all the day to day happenings in the stock market can be quite a task. Investors may need to try to focus in on the most important information when attempting to examine stocks to add to the portfolio. As earnings reports continue to roll in, investors may be taking a deeper look at some of the names that they have on their shortlist. Investors may also be taking a look at future estimates and guidance provided by companies in order to get a feel of how the stock price may be affected in the future. With the equity market still trading at super high levels, investors may be wondering how much higher some stocks in the portfolio can go. Maybe there are a few winners that look like they have peaked, and investors may have to decide whether to cash in or hold out for more gains. Maybe there are a few losers that have been underperforming and need to be cut loose.  

Tracking some historical performance information for Hamilton Lane Incorporated (:HLNE), we have noted that performance for the previous week is 4.86%. YTD, the stock has performed 55.65%. Over the last full-year, shares have performed 52.56%. For the previous month, company shares are -1.79%. For the last quarter, the stock has performed -3.50%. Tracking some recent volatility numbers, shares are 2.56% for the week, and 2.27% for the past month.

Hamilton Lane Incorporated (:HLNE) has a current consensus broker rating of 3.00. This rating follows a scale where a 1 or a 2 would represent a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation. Checking in on the RSI or relative strength index, we see that the 14-day level is 55.34. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line heads higher, the stock may be showing strength. The opposite is the case when the RSI line is moving down. RSI may be used to spot overbought or oversold conditions. An RSI reading over 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would represent neutral market momentum.

At current stock price levels, we have noted that Hamilton Lane Incorporated (:HLNE) shares are separated -10.29% from the 52 week high and 78.82% off of the 52 week low. From the open, the stock has seen a change of 1.12%. Looking at some other high/low data, the stock has been seen trading -6.47% away from the 50 day high and 8.93% off of the 50 day low. In terms of volume, the current value is near 21481. Investors may be keeping a close eye on unusual trading volume on company shares. A large increase or decrease in trading volume may suggest that other factors are present.

An important idea when dealing with technical analysis is that historical stock price movements tend to repeat. Technical analysis focuses on chart patterns with the goal of analyzing market movements and defining trends. Charting has been around for many years, and even older methods are considered to be relevant due to the nature of repeating patterns. Certain trends may be easier to spot than others. Technical analysts that spend vast amounts of studying charts and patterns may be more adept at spotting specific trends. Investors may want to employ multiple methods of trend spotting in order to get a more robust spectrum with which to work.

Leave a Reply

Your email address will not be published. Required fields are marked *