Invalid Iqfeed Symbol $STI Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 0 | 0 | 60.93 |
| P2 | 68.35 | 68.96 | 66.25 |
| P3 | 70.20 | 70.74 | 71.32 |
Support and Resistance Plot Chart for STI
Long Term Trading Plans for STI
December 19, 2019, 2:45 pm ET
The Technical Summary and Trading Plans for STI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this STI Report.
STI - (Long) Support Plan
The technical summary data tells us to buy STI near 66.25 with an upside target of 71.32. This data also tells us to set a stop loss @ 65.99 to protect against excessive loss in case the stock begins to move against the trade. 66.25 is the first level of support below 70.13 , and by rule, any test of support is a buy signal. In this case, support 66.25 is being tested, a buy signal would exist.
STI - (Short) Resistance Plan
The technical summary data is suggesting a short of STI as it gets near 71.32 with a downside target of 66.25. We should have a stop loss in place at 71.58 though. 71.32 is the first level of resistance above 70.13, and by rule, any test of resistance is a short signal. In this case, if resistance 71.32 is being tested, a short signal would exist.
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