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Ichimoku Cloud Indicator Review for Copa Holdings, S.A. (NYSE:CPA): Base Line Touches 92.24

19

Making money in the stock market can be challenging, but it is not impossible. Accomplished investors typically have a well-rounded understanding of how markets function. Many successful investors have learned to be patient, disciplined, and ready to jump on any opportunity that arises. Securing higher returns on investment dollars may take some extra time and effort for those who do not have a lengthy background in the stock market. Although there are many types of investments out there, investing in stocks has traditionally provided the highest potential for returns. To realize consistent returns, investors typically have to maintain a steadfast approach and be willing to adapt to changing market environments over time.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels for Copa Holdings, S.A. (NYSE:CPA), we note that the Ichimoku Cloud Base Line level is 92.24. The Ichimoku Could Conversion Line reading is 93.275. From another angle, the Ichimoku Lead 1 is presently 90.0675, and the Lead 2 level is 87.9375.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Copa Holdings, S.A. (NYSE:CPA), we see that the stock’s latest close price was 94.81. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 20.4167196. Over the last full year, shares have moved -8.09657714. Bringing the focus in, the stock has changed 12.55195345 over the past three months, 3.51681957 over the last month, and 2.90988056 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Technical analysts will note that the Awesome Oscillator reading is presently 2.68147059. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

Looking at the stock’s volatility, we note that the current reading is 2.85836634. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 2.04764351 while volatility for the month comes in at 2.58309892. The current Bull Bear Power reading for the stock is 3.63753416.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 88.4. The current reading for the 20 day upper band is 96.08.

Scanning the levels on shares of Copa Holdings, S.A. (NYSE:CPA), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 98.31/77.565. Over the past 1 month, the high/low is 96.08/88.4. Looking back over the last full-year, the high price is 104.53, and the low price sits at 67.38. For the last six months, the high was seen at 100, and the low was noted at
72.

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 91.68833333
Fibonacci support 1: 89.69620333
Fibonacci support 2: 88.46546333
Woodie: 92.50375
Woodie support 1: 91.3925
Woodie resistance 1: 96.6075
Camarilla: 91.68833333
Classic: 91.68833333
Classic resistance 1: 94.97666667
Classic support 1: 89.76166667

Volatility comes with the territory when trading stocks. Individual stock prices can fluctuate dramatically, and returns can be largely varied. Because no stock is guaranteed to produce returns, there is a possibility that any stock could potentially lose value. Even though stock prices can shift from day to day, long-term investors are usually more concerned about price movements over an expanded period of time. Investors looking to minimize volatility risk may look to hold a larger number of diversified stocks in the portfolio. Even though market dips may have an impact on the entire portfolio, it is important to remember that it is just a normal part of investing in the stock market.

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