(FSS) Technical Pivots with Risk Controls

June 08, 2024, 22:22 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FSS

• Buy FSS slightly over 80.72 target 86.89 stop loss @ 80.49 Details

The technical summary data tells us to buy FSS near 80.72 with an upside target of 86.89. This data also tells us to set a stop loss @ 80.49 to protect against excessive loss in case the stock begins to move against the trade. 80.72 is the first level of support below 85.77 , and by rule, any test of support is a buy signal. In this case, support 80.72 would be being tested, so a buy signal would exist.

• Short FSS slightly under 86.89, target 80.72, stop loss @ 87.14 Details

The technical summary data is suggesting a short of FSS as it gets near 86.89 with a downside target of 80.72. We should have a stop loss in place at 87.14though. 86.89 is the first level of resistance above 85.77, and by rule, any test of resistance is a short signal. In this case, if resistance 86.89 is being tested, so a short signal would exist.

Swing Trading Plans for FSS

• Buy FSS slightly over 86.89, target 88.6, Stop Loss @ 86.64 Details

If 86.89 begins to break higher, the technical summary data tells us to buy FSS just slightly over 86.89, with an upside target of 88.6. The data also tells us to set a stop loss @ 86.64 in case the stock turns against the trade. 86.89 is the first level of resistance above 85.77, and by rule, any break above resistance is a buy signal. In this case, 86.89, 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 FSS slightly near 86.89, target 85.3, Stop Loss @ 87.14. Details

The technical summary data is suggesting a short of FSS if it tests 86.89 with a downside target of 85.3. We should have a stop loss in place at 87.14 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, 86.89, 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 FSS

• Buy FSS slightly over 87.05, target 88.6, Stop Loss @ 86.85 Details

If 87.05 begins to break higher, the technical summary data tells us to buy FSS just slightly over 87.05, with an upside target of 88.6. The data also tells us to set a stop loss @ 86.85 in case the stock turns against the trade. 87.05 is the first level of resistance above 85.77, and by rule, any break above resistance is a buy signal. In this case, 87.05, 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 FSS slightly near 87.05, target 85.3, Stop Loss @ 87.25. Details

The technical summary data is suggesting a short of FSS if it tests 87.05 with a downside target of 85.3. We should have a stop loss in place at 87.25 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, 87.05, 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 Federal Signal Corporation (FSS) available here: FSS.

FSS Ratings for June 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	80.72
P2	84.89	85.3	86.89
P3	87.05	88.6	93.08

AI Generated Signals for FSS

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The technical pivots for Federal Signal Corporation (NYSE: FSS) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FSS 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 FSS too.  All of these are offered below the Summary Table.