AI-Generated Signals

Our proprietary Predictive AI generates high-quality data powering models that deliver actionable signals to enhance returns, mitigate risk, and create competitive advantage with industry-leading accuracy.

How to Trade State Street $STT With Risk Controls

November 17, 2020, 00:00 am ET, BY Thomas H. Kee Jr - Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The State Street (NYSE: STT) report below can help you, but we have more details too. The trading plans for STT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Technical Summary

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	48.51
P2	67.20	69.28	59.61
P3	69.41	73.69	69.01

⚠Triggers may have already come

Support and Resistance Plot Chart for STT

Long Term Trading Plans for STT

November 17, 2020, 12:00 am ET

The Technical Summary and Trading Plans for STT 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 STT Report.

STT - (Long) Support Plan

The technical summary data tells us to buy STT near 69.01, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 68.81 to protect against excessive loss in case the stock begins to move against the trade. 69.01 is the first level of support below 69.81, and by rule, any test of support is a buy signal. In this case, if support 69.01 is being tested, a buy signal would exist.

STT - (Short) Resistance Plan

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.