(CPB) Investment Analysis

December 22, 2024, 07:28 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CPB

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CPB slightly under 44.41, target n/a, stop loss @ 44.54 Details

The technical summary data is suggesting a short of CPB as it gets near 44.41, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 44.54. 44.41 is the first level of resistance above 41.5, and by rule, any test of resistance is a short signal. In this case, if resistance 44.41 is being tested, so a short signal would exist.

Swing Trading Plans for CPB

• Buy CPB slightly over 42.6, target 44.41, Stop Loss @ 42.48 Details

If 42.6 begins to break higher, the technical summary data tells us to buy CPB just slightly over 42.6, with an upside target of 44.41. The data also tells us to set a stop loss @ 42.48 in case the stock turns against the trade. 42.6 is the first level of resistance above 41.5, and by rule, any break above resistance is a buy signal. In this case, 42.6, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CPB slightly near 42.6, target 41.39, Stop Loss @ 42.72. Details

The technical summary data is suggesting a short of CPB if it tests 42.6 with a downside target of 41.39. We should have a stop loss in place at 42.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 42.6, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CPB

• Buy CPB slightly over 41.58, target 42.6, Stop Loss @ 41.48 Details

If 41.58 begins to break higher, the technical summary data tells us to buy CPB just slightly over 41.58, with an upside target of 42.6. The data also tells us to set a stop loss @ 41.48 in case the stock turns against the trade. 41.58 is the first level of resistance above 41.5, and by rule, any break above resistance is a buy signal. In this case, 41.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CPB slightly near 41.58, target 40.87, Stop Loss @ 41.68. Details

The technical summary data is suggesting a short of CPB if it tests 41.58 with a downside target of 40.87. We should have a stop loss in place at 41.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Campbell Soup Company (CPB) available here: CPB.

CPB Ratings for December 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	44.41
P2	40.87	41.39	47.77
P3	41.58	42.6	51.18

AI Generated Signals for CPB

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With an objective approach to Campbell Soup Company (NYSE: CPB), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CPB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CPB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CPB too.  All of these are offered below the Summary Table.