Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Is Handed a Strong Sell Signal Based on Moving Averages

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) ran -1.9411764 after opening at $17.02.  167406 shares traded hands for the 719100500 market cap company.  Monotype Imaging Holdings Inc. (NASDAQ:TYPE) is a “Strong Sell” according to the social consensus. 

Stock market investors typically have to deal with the risk element when making decisions about specific holdings. There will always be a trade-off between risk and reward, and this is quite evident in the equity market. In general, the more that someone is willing to risk, the higher the potential gains. Investors might need to be willing to identify their risk levels before attempting to jump into the fray. Some investors will choose to play it safe while others will opt to swing for the fences. Managing risk becomes increasingly more important when economic conditions are cloudy. Accumulating the most amount of understanding and relevant information about a company may be a good place to start. Studying a company’s position in the current market may help with understanding how the company has set themselves up for future growth.

Diving into some pivot points we note that the Fibonacci S1 stands at 17.050873 while the R1 resistance number is 17.455793.  The S1 Camarilla pivot is 17.201416 while the R1 resistance is 17.298584.  The Demark Pivot is as follows: R1 resistance is 17.515 while S1 support is 16.985.

Taking a look at some additional key pivot levels we note that the one month Pivot Woodie support stands at 17.225 while 1-month resistance level is at 17.755.  On the other hand shares would see support at the 1-month pivot woodie of 17.225 and resistance at 17.755.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares hit a high of 18.86 within the past month while touching a low point of 16.5 over the past 30 days. 

Turning to exponential moving averages, Monotype Imaging Holdings Inc., the below chart outlines the current numbers:

Exponential 50-Day: 17.651436
Exponential 30-Day: 17.381271
Exponential 20-Day: 17.254948
Exponential 100-Day: 18.300201
Exponential 200-Day: 19.251398

In terms of Bollinger Bands, the upper 20 band holds at 17.57762 while the lower is currently 16.76688.  The average volume over the past 3 months is 256883.48 compared to the 10-day average of 190537.9.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 16.994814.  The Positive Directional Indicator is at 19.379921.  The volume weighted moving average stands at 17.11493.  Putting all the pieces together the moving average signal for Monotype Imaging Holdings Inc. (NASDAQ:TYPE) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 78.57143 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 39.196457 and Parabolic SAR number of 17.5128, combined with other variables, Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has been given a consensus oscillator rating of “Sell”. 

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Quick Look

Investors will be monitoring closely to see if the firm can move towards the $34.42 time high as the Bull Bear Power number stands at -0.81148845.  

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) has returned -2.4018745 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $26.75.

Investors might be taking a closer look at the portfolio after recent market action. Some financial insiders may be ready to usher in the bears and projecting the end of the bull run. While this may or may not be the case, investors need to be ready for any scenario. The time may have come to cash out some winners and cut the losers. A portfolio rebalance may be necessary in order to secure profits as we head into the latter half of the year. Keeping a diversified portfolio may entail adding some different sectors and even venturing into foreign markets. Investors will be tracking company earnings as we roll into the next round of reports. It may be a bit easier to make sense of future stock market prospects after seeing how many companies hit or miss their marks.