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High/Low Signals For KLX Energy Services Holdings, Inc. (:KLXE): Ichimoku’s Key Number Hits 28.6025

Although the investing process is fairly straightforward, securing consistent returns in the stock market is not easy. Throwing hard earned money at un-researched investments can eventually lead the investor down the road to ruin. Every individual investor may have different goals when starting out. Aligning these goals with a specific plan can create a solid foundation for the future. Nobody can predict what the future will hold, but being aware of market conditions can be a great asset when attempting to navigate the terrain while mitigating risk. Once the vision of the individual investor is clear, the road to sustaining profits may be much easier to travel.

Putting a closer focus on shares of KLX Energy Services Holdings, Inc. (:KLXE), we see that since the opening price of 24.81, the stock has moved -0.09. Tracking shares, we note that the consensus stock rating is Sell. Volume today clocks in around 600. Over the course of the current session, the stock has topped out at 24.82 and seen a low price of 24.64. Investors will be putting 3/16/2020 on the schedule as the company is slated to next report earnings around that date.

Taking a look at some historical highs and lows for KLX Energy Services Holdings, Inc. (:KLXE), we see that the all time high is currently 36.13, and the all time low is 19.5911. Investors often pay added attention to a stock when it is nearing a historical high point or low point. For the last year, the high price is 36.13, and the low price stands at 19.5911. For the last six months, the high was seen at 36.13, and the low was tracked at 19.5911. If we move in closer, the three month high/low is 30.11/20.65, and the one month high/low is 30.11/22.38.

Traders following the stock may be watching SMA or Simple Moving Average Levels. Many traders will be watching out for when the shorter-term averages cross above the longer-term averages as this may point to the start of an uptrend. Let’s look at the following SMA readings for KLX Energy Services Holdings, Inc. (:KLXE):

SMA 50 day: 26.8157
SMA 30 day: 25.923166
SMA 200 day: 26.699224
SMA 20 day: 24.911
SMA 100 day: 26.677
SMA 10 day25.291

Traders following the Chaikin Money Flow indicator will note that the current 20 day reading is -0.13645843. The CMF value will fluctuate between 1 and -1. In general, a value closer to 1 would indicate higher buying pressure. A value closer to -1 would represent higher selling pressure.

Technical analysis on the stock may include following the Keltner Channels indicator. Currently, the 20 day upper band is 26.192314. The 20 day lower band is noted at 24.484434. The KC indicator is considered a lagging indicator. Traders may use the values to help spot overbought and oversold conditions.

Traders have the ability to use a wide range of indicators when studying stocks. Each trader will typically find a few indicators that they heavily rely on. The Ichimoku Cloud indicator works to identify trend direction, gauge momentum, and identify trading opportunities based on crossovers. We can view some Ichimoku indicator levels below:

Ichimoku Lead 1: 28.6025
Ichimoku Lead 2: 27.4
Ichimoku Cloud Base Line: 25.4725
Ichimoku Cloud Conversion Line: 25.7175

Traders following the Hull Moving Average will note that the current level is 24.644371. The calculation uses the weighted moving average and it puts the emphasis on recent prices over older prices.

Technical traders focusing on Donchian Channels will note that the 20 period lower band reading is currently 22.54. The 20 period upper band reading is 27.085. Donchian Channels can be used to gauge the volatility of a market. This is a banded indicator akin to Bollinger Bands.

As company earnings reports continue to roll in, investors will be watching to see which companies hit their numbers for the last reporting period. Investors will also be watching which sectors are reporting the best earnings numbers. A positive overall earnings season could mean that the stock market could keep climbing. Many investors may be cautious with the market trading at current levels. Even though the gloom and doom prognosticators are out in full force, investors have to do the research and decide for themselves which way they believe the market will move in the next couple of months.  

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