Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of Exterran there is not any eligible buy setup. This doesn't mean we expect a selloff for EXTN in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
"To sell or not to sell", if you are holding Exterran shares?. Trading strategies let us to avoid rash decisions based on our personal sentiments or the noise surrounding the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups should not be used for selling short EXTN stock
A golden rule is that you must never keep an operation that shows a higher than expected losses at the time of the buy. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)
In the current situation of Exterran there is not any eligible sell setup, so Exterran stock holders with operations in profit can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the previous month we couldn't find any rating for Exterran
Since in early April, Exterran has been printing an uptrend that so far marked an amazing 47.53%. The price action shows rising tops and bottoms, and along the way gave very few buying opportunities for those who wanted to enter. Latest low was in mid-May, when price bounced at $4.36. Currently, it moves in a consolidation between its last top ($8.93) and its last bottom ($4.36)
Moving averages are simple indicators for traders to detect market momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Investors use supports and resistances to find price points on a chart that may work as obstacles, containing the price of a stock to move up or down. A support level is a level where the price tends to stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until meeting another support level. In contrast, resistances are where the price may find opposition as it moves up. Again, this means that the price is more liable to "rebound" at this level, and if it finally breaks this level, the price will rally more easily until it finds the next resistance
The current resistances are:
The current supports are:
The so-called Bollinger bands are a well-known studio created by John Bollinger. Basically, the Bollinger Bands are lines that run around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
Price readings both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is below the upper band, which should mean a short-term bounce (at least) until it is back above the band
The RSI (Relative Strength Index) is an oscillator-type indicator that track price movements to identify when the price of a share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI fluctuates in a range between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978
The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Friday was 33.99. Since RSI lost the overbought zone, Exterran shares sank a 44.99%
In mid-May, Exterran hosted the quarterly financial call and released the 1st-quarter report. Exterran presented Q1 earnings of $-0.52 per share on sales of $210.4 million. The market estimate was $-0.36 per share on revenue of $212.6 million.
Same quarter one year ago, reported EPS was $-0.15, so recently posted EPS means a drop of -246.67%. Looking at revenues, figures tanked a -40.15% compared to $351.5M same quarter last year.
Exterran is hosting the quarterly earnings call on early next August. Estimated earnings of %s per-share for this quarter is $-0.91. If you hold or you are planning to buy Exterran shares, be on alert as the earnings reporting day usually has a very high volatility, and price can jump up or down with unsually low liquidity and not respecting your buy/stop-loss orders. Have a look company's website to confirm time and details on the earnings call and the earnings report.