Technical Investor Update for New Age Beverages Corp (NBEV) as 60 Day CCI Reaches Hold

Let’s take aim at some longer term technical indicators on shares of New Age Beverages Corp (NBEV). The current 60-day commodity channel index reading is Hold. The CCI indicator is typically used to scope out overbought and oversold levels. The CCI signal direction is Bearish. Let us now turn the focus to some medium-term indicators on company shares. The reading from the 40-day commodity channel index is currently Hold. As previously noted, the CCI indicator is mainly used to identify oversold and overbought levels. The signal direction is currently reading a Bearish.

When watching the day to day movements of the market, investors often have to be careful not to let external factors cloud their judgment. From time to time, there may be certain stocks taking off that look highly tempting to purchase. Getting into a position based on short-term price movements may be a specific strategy for some, but it may be highly costly for others. Even if a stock has been on a big run that the investor might have missed out on, there is no guarantee that the run will continue higher. Although there may be potential in highly publicized stocks, it may be wise for investors to do their own research and then decide if the stock fits with the overall goals.

Investors are often closely following recent stock price support and resistance levels. The support is a level where a stock may see a bounce after it has dropped. If the stock price can break through the first support level, the attention may move to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it hits a certain level of resistance. After a recent look, the stock’s first resistance level is 6.56. On the other side, investors are watching the first support level of 6.17. Investors may also want to take a longer-term look at company shares. According to the most recent information, the stock has a 52-week high of 9.99 and a 52-week low of 1.3. Staying on top of longer-term price action may help provide investors with a wider scope of reference when examining a stock.

The company’s current book value is 1.81. The book value is the per share value of a company based on its equity available to common shareholders for the trailing 12 months. Shifting gears, the company has a current interest coverage value of -14.39. This value measures a company’s ability to honor its debt payments. When the value is below 1, the company may not be generating enough cash from its operations to meet its interest obligations. Tracking current trading session activity on shares of (company), we can see that the stock price recently hit 6.35. Since the start of the session, the stock has managed to touch a high of 6.59 and drop to a low of 6.2.

One of the biggest obstacles standing in the way of the individual investor is unrealistic expectations. Many times, investors will have an incorrect vision of what they expect to get from their investments in terms of actual returns. Creating unrealistic expectations can lead to overextending risk in the future. If an investor loses patience and thinks that they should be seeing bigger returns than they are currently generating, this may cause them to enter into a few ill advised trades in order to try to hit that previously determined number. Setting realistic, attainable goals may help the investor immensely, not just in terms of future returns, but in terms of the psyche as well.