Taking a quick look at the historical performance of Beacon Roofing Supply, Inc. (NASDAQ:BECN) shares, we have noted that the stock price for the previous week is -5.25%. Looking back over the past month, company shares are -6.23%. For the past quarter, shares have performed -3.54%. Going further back to the beginning of the calendar year, company shares are 12.55%. If we scroll back to the full year reading, shares have performed -10.28%. Investors may be trying to decide if it is a good time to get into a particular stock, or whether to exit a position that has turned sour. Whatever the case, outperforming the market is on the minds of many dedicated equity market enthusiasts.
When certain portfolio stocks are performing poorly, investors may be prone to chase higher return stocks or move into safer stocks. As most investors know, short-term results have the ability to be somewhat misleading. Deviating from a well-crafted plan based on short-term market fluctuations can lead to portfolio trouble in the future. Having the proper mix of stocks in the portfolio may also be beneficial to longer-term performance. Pinpointing overall investment goals and regularly reviewing portfolio positions can help the investor stay on track.
Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) have been recently spotted trading -22.83% off of the 52-week high price. On the other end, company shares have been noted 43.00% away from the low price over the last 52-weeks. Switching over to some distances from popular moving averages, we see that the stock has been recorded 2.72% away from the 200 day moving average. Moving closer, we can see that shares have been trading -6.12% off of the 20-day moving average. Investors may be closely following the current stock price in relation to moving averages. This may assist with figuring out if a breakout or reversal could be in the cards. Knowing when to ride the surge rather than stay on the sidelines, can be a difficult decision even for veteran investors.
Focusing on some other company information, we can see that Beacon Roofing Supply, Inc. (NASDAQ:BECN) has a beta of 1.45. Beta indicates the tendency of a stock’s returns to respond to market swings. A beta of 1 indicates that the stock price moves with the market. A beta under 1 indicates that the stock is less volatile than the market in theory. A beta value over one would indicate the opposite. In terms of volatility, shares have been noted at 2.56% for the week, and 2.89% for the past month. Investors often keep a close eye on any irregular stock volume. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction.
We can now shift our focus to some alternate company data on shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN). The stock has a current ATR of 1.12. When applying indicators for technical analysis, traders and investors may choose to examine the ATR or average true range. The ATR measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. As we move into the second half of the year, investors may be looking to jumpstart their portfolios. Many equity investors may be wondering if the stock markets will find renewed energy and continue higher, or if a major correction is on the horizon.
The direction of stock market moves in the short-term are highly unpredictable. Many investors will be tempted to ride the wave whether the trend is buying or selling. Fearful investors may make hasty decisions such as panic buying or selling. Investors may feel compelled to buy stocks after a major run higher. This can be related to the fear or missing out. On the other end, investors may be quick to sell quality stocks when the market is in the midst of a broad sell-off. This behavior often translates into falling into the trap of buying high and selling low.