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Ichimoku Technical Watch for Diageo plc (NYSE:DEO): Cloud Base Line at 170.74

Successful investors are usually adept at expecting and reacting to sudden change. Things may be all roses when the markets are riding the bulls higher, but environments shift and can leave investors suddenly in the lurch. When times are good, investors may be well served by maintaining a watchful eye on the portfolio. Becoming complacent when everything seems to be working can become a disaster very quickly without the proper attention. Setting up a plan for different market scenarios can greatly benefit the investor. Routinely studying portfolio contents may help when the need to release some underperformers comes. Keeping close tabs on the portfolio may also help fend off a personal panic if events take a dramatic turn for the worse.

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 for Diageo plc (NYSE:DEO):

Fibonacci: 171.4916667
Fibonacci support 1: 168.9303567
Fibonacci support 2: 167.3479767
Woodie: 171.70875
Woodie support 1: 169.5475
Woodie resistance 1: 176.2525
Camarilla: 171.4916667
Classic: 171.4916667
Classic resistance 1: 175.8183333
Classic support 1: 169.1133333

Scanning the levels on shares of Diageo plc (NYSE:DEO), 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 174.73/161.05. Over the past 1 month, the high/low is 174.73/166.11. Looking back over the last full-year, the high price is 174.73, and the low price sits at 131.43. For the last six months, the high was seen at 174.73, and the low was noted at
137.24.

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, we note that the Ichimoku Cloud Base Line level is 170.74. The Ichimoku Could Conversion Line reading is 172.895. From another angle, the Ichimoku Lead 1 is presently 168.645, and the Lead 2 level is 166.35.

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 166.75. The current reading for the 20 day upper band is 174.73.

Looking at the stock’s volatility, we note that the current reading is 1.23066306. 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 0.51026788 while volatility for the month comes in at 0.73620316. The current Bull Bear Power reading for the stock is 4.1094393.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Diageo plc (NYSE:DEO), we see that the stock’s latest close price was 174.14. 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 22.8067701. Over the last full year, shares have moved 18.38205303. Bringing the focus in, the stock has changed 8.26908729 over the past three months, 2.90137682 over the last month, and 2.49558564 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 3.15261618. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

One way to completely avoid market mistakes is to not invest at all. Of course, that could end up to be the greatest mistake of all. Investors will occasionally make some mistakes, as that comes with the territory. The key as with most things in life is to figure out how to learn from past mistakes and use that knowledge to make better decisions going forward. Pinpointing exactly what went wrong may help shed some light on what needs improvement. Sometimes, investors will suffer losses and become discouraged right out of the gate. The tendency is to then try to recoup losses by taking even bigger risks which can lead to complete disaster. One of the biggest differences between successful investors and failed investors is the willingness and ability to learn from past personal mistakes.

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