Are you thinking about investing in technology? If so, you should know that Yahoo Inc. (NASDAQ:$YHOO) is now trading with a very specific set of technicals. When combined, this illustrates how investors should approach Yahoo stocks. For traders who depend entirely on fundamentals, you are likely missing out on the upside inherent in a stock. As a result, technical charts are crucial.
In Yahoo’s most recent trading period, the company saw the stock obtain a high of $50.72 and a low of $50.28. With that being said, don’t get too excited as this high does not compare in the slightest to Yahoo’s 52-week high of $51.23 which was set on May 10, 2017. If you’re looking to benefit from the stock’s upside, the recent low illustrates a 44.22% since June 27, 2016, which is very promising for these traders. Additionally, Yahoo has a precise trading pattern for the stock. There is a target price of $52.00 set for YHOO and the stock has a beta of 1.83. Since the beta is greater than 1, this illustrates that the stock is more explosive than the market.
Furthermore, there are a number of other technical factors that have started to have an impact based on the state of play for the stock. For instance, both the Stochastic measures and the Relative strength indicator (RSI) have become extremely relevant for YHOO. According to current readings, Yahoo’s 14-day RSI is 61.58%. What this means is that Yahoo is neutral, which illustrates that the stock is considerably stable in regards to upward or upward price movement. Plus, YHOO has a stochastic reading of 80.52%. This indicates that Yahoo is overbought at present levels. In addition, Yahoo paints quite the picture through its 50 and 200 SMAs. For the most part, Yahoo is thought to be bullish, which makes the attitude towards the stock positive.
Aside from the factors mentioned above, there is another set of technicals that investors should take into consideration when assessing the upside of Yahoo’s stock. When computed over the past 30 days, Yahoo’s +1.06 has created a positive attitude. This, when compared to other stocks in the industry, has created higher levels of volatility. Yahoo’s historical volatility illustrates a reading of 13.97%. Additionally, YHOO has an Average True Range reading of 1.35. Unlike other stocks, Yahoo seems to have the upper hand. Signals generated by the technical chart are unbeatable, so investors should make the most of the opportunity while they can.
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