Gen Digital is a provider of consumer cyber safety solutions. Co.'s portfolio provides protection across various Cyber Safety categories, including security, identity protection and online privacy. Co.'s Cyber Safety solutions and services include: Norton 360 and Avira offerings, which provide protection for personal computers, Macs and mobile devices against malware, viruses, adware, ransomware and other online threats; Norton and LifeLock identity theft protection solution, which includes monitoring, alerts and restoration services to help safeguard its customers' personal information; and VPN solution, which enhances security and online privacy by providing an encrypted data tunnel.
When researching a stock like Gen Digital, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from GEN Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for GEN stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting GEN RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
31.37
Free GEN Email Alerts:
Video: RSI Indicator