Ichimoku Technical Watch for American States Water Company (NYSE:AWR): Cloud Base Line at 74.17325
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 American States Water Company (NYSE:AWR), we note that the Ichimoku Cloud Base Line level is 74.17325. The Ichimoku Could Conversion Line reading is 74.80825. From another angle, the Ichimoku Lead 1 is presently 72.97, and the Lead 2 level is 70.9825.
Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of American States Water Company (NYSE:AWR), we see that the stock’s latest close price was 75. 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 11.88842482. Over the last full year, shares have moved 35.25063109. Bringing the focus in, the stock has changed 5.12964261 over the past three months, 2.95086467 over the last month, and 0.21376086 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 0.41611088. 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 1.63381042. 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 1.72277184 while volatility for the month comes in at 1.58913606. The current Bull Bear Power reading for the stock is 1.06440958.
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 71.92. The current reading for the 20 day upper band is 76.4265.
Scanning the levels on shares of American States Water Company (NYSE:AWR), 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 76.4265/67.515. Over the past 1 month, the high/low is 76.4265/71.92. Looking back over the last full-year, the high price is 76.4265, and the low price sits at 54.64. For the last six months, the high was seen at 76.4265, and the low was noted at
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 support 1: 72.66978367
Fibonacci support 2: 71.61804967
Woodie support 1: 72.50175
Woodie resistance 1: 76.95825
Classic resistance 1: 76.77433333
Classic support 1: 72.31783333
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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