Technical Levels in Focus for Presidio, Inc. (:PSDO): Ichimoku Cloud Base Line at 14.75

When dealing with the volatility and unpredictability of the stock market, investors may have to learn how to deal with their emotions. There are many factors that can have a big impact on the portfolio. Maintaining discipline can be one of the most important factors. From time to time, investors will be overcome by fear during a large market selloff. On the other side, investors may become extremely excited during a widespread market move to the upside. When these situations occur, investors tend to make better decisions if they are able to keep emotions out of play and stick to the original plan. Buying and selling at the wrong time can lead to portfolio underperformance, and it may damage investor confidence in the future.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Presidio, Inc. (:PSDO), we see that the stock’s latest close price was 15.13. 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 16.015326. Over the last full year, shares have moved 1.7473118. Bringing the focus in, the stock has changed -4.8994975 over the past three months, 3.69863 over the last month, and 1.6107383 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

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 Presidio, Inc. (:PSDO), we note that the Ichimoku Cloud Base Line level is 14.75. The Ichimoku Could Conversion Line reading is 14.94. From another angle, the Ichimoku Lead 1 is presently 14.775, and the Lead 2 level is 15.055.

Scanning the levels on shares of Presidio, Inc. (:PSDO), 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 17.49/14.15. Over the past 1 month, the high/low is 15.23/14.255. Looking back over the last full-year, the high price is 17.8125, and the low price sits at 11.97. For the last six months, the high was seen at 17.49, and the low was noted at
12.0399.

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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: 14.693334
Fibonacci support 1: 14.456493
Fibonacci support 2: 14.310173
Woodie: 14.755
Woodie support 1: 14.61
Woodie resistance 1: 15.23
Camarilla: 14.693334
Classic: 14.693334
Classic resistance 1: 15.106667
Classic support 1: 14.486667

Looking at the stock’s volatility, we note that the current reading is 2.713704. 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 2.2312937 while volatility for the month comes in at 1.9724685. The current Bull Bear Power reading for the stock is 0.26017073.

Technical analysts will note that the Awesome Oscillator reading is presently 0.16554412. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

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 14.28. The current reading for the 20 day upper band is 15.22.

Investors are constantly trying to gain any little advantage when it comes to the stock market. Setting realistic goals and staying disciplined when trying to attain those goals can have a positive impact on an investor’s psyche and portfolio performance. Making a couple of badly timed trades can have a drastic effect on the mindset of the investor or trader. Sometimes, investors will have a few missteps that generally include buying when the market is too high, selling when the market is low, or being on the sidelines during a major charge higher. Staying disciplined can help the average investor avoid common pitfalls to help keep the focus in the right direction. When inevitable mistakes are made, investors will have the opportunity to learn from those mistakes and get back on the road to recovery.