pool adsSodastream International $SODA Technical Update
The Sodastream International (NASDAQ: SODA) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SODA, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 142.86 | 133.88 | 106.13 |
| P2 | 156.88 | 134.28 | |
| P3 | 0 | 179.51 | 161.78 |
Support and Resistance Plot Chart for SODA
Long Term Trading Plans for SODA
October 12, 2018, 1:30 pm ET
The Technical Summary and Trading Plans for SODA 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 SODA Report.
SODA - (Long) Support Plan
Buy over 134.28 target 161.78 stop loss @ 134.02.
The technical summary data tells us to buy SODA near 134.28 with an upside target of 161.78. This data also tells us to set a stop loss @ 134.02 to protect against excessive loss in case the stock begins to move against the trade. 134.28 is the first level of support below 142.8 , and by rule, any test of support is a buy signal. In this case, support 134.28 is being tested, a buy signal would exist.
SODA - (Short) Resistance Plan
Short under 161.78 target 134.28 stop loss @ 162.04
The technical summary data is suggesting a short of SODA as it gets near 161.78 with a downside target of 134.28. We should have a stop loss in place at 162.04 though. 161.78 is the first level of resistance above 142.8, and by rule, any test of resistance is a short signal. In this case, if resistance 161.78 is being tested, a short signal would exist.
