Nlight Inc (LASR): What are the Near-Term Technicals Saying? ADX Signals a Buy

Nlight Inc (LASR) is in focus today as we drill down into the near-term signals for the stock. We note that the current 7-day average directional indicator is Buy.

This signal may be used to determine the market trend. The 7-day directional strength is Average . This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day average directional direction is currently Strongest. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

Market slides can be troublesome for investors. When markets are moving lower, investors may become extra nervous about certain holdings. With the stock market reaching heightened levels, investors may not be putting too much though into the specific portfolio holdings. This can all change if there is a sudden downturn. Investors who have spent the hours researching their stock picks may be more confident when the tides inevitably turn. Putting in the time to regularly review stock holdings may assist the investor when certain adjustments need to be made. Focusing on developing and maintaining a solid plan may end up being a useful tool when obstacles eventually pop up down the line.

Shifting gears, we can see that the 10-day moving average Hilo channel is currently Buy. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of the signal is currently Strongest.

Looking at some other short-term indicators, Nlight Inc (LASR) has a 20-day moving average vs price of Buy. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Average and the direction has been noted as Strongest. The 20-50 day MACD Oscillator signal is presently Buy. The strength is presently Strong and the direction is Strongest.

Focusing in on the 20-Day Bollinger Bands signal for Nlight Inc (LASR), the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions.

Investors might be shifting their focus trying to gauge the next big stock market move. Some may be contemplating recent action, and it remains to be seen if the momentum will push the market higher, or if a pullback is in the cards. Investors may have to make a decision whether to take a conservative stance, or put the pedal to the metal. Investors may also be closely tracking the underperformers and over performers, especially in the hot sectors. Studying specific sectors may provide some insight on which stocks are primed for a breakout. Comparing stocks within the same industry or sector may also help discover which ones are more likely to outperform over the next few quarters.