Trading Constellation Brands STZ With Integrated Risk Controls

January 23, 2023, 06:15 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STZ

• 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 STZ slightly under 227.47, target n/a, stop loss @ 228.13 Details

The technical summary data is suggesting a short of STZ as it gets near 227.47, 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 228.13. 227.47 is the first level of resistance above 226.81, and by rule, any test of resistance is a short signal. In this case, if resistance 227.47 is being tested, so a short signal would exist.

Swing Trading Plans for STZ

• Buy STZ slightly over 227.47, target 243.28, Stop Loss @ 226.81 Details

If 227.47 begins to break higher, the technical summary data tells us to buy STZ just slightly over 227.47, with an upside target of 243.28. The data also tells us to set a stop loss @ 226.81 in case the stock turns against the trade. 227.47 is the first level of resistance above 226.81, and by rule, any break above resistance is a buy signal. In this case, 227.47, 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 STZ slightly near 227.47, target 222.89, Stop Loss @ 228.13. Details

The technical summary data is suggesting a short of STZ if it tests 227.47 with a downside target of 222.89. We should have a stop loss in place at 228.13 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, 227.47, 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 STZ

• Buy STZ slightly over 227.47, target 243.28, Stop Loss @ 226.94 Details

If 227.47 begins to break higher, the technical summary data tells us to buy STZ just slightly over 227.47, with an upside target of 243.28. The data also tells us to set a stop loss @ 226.94 in case the stock turns against the trade. 227.47 is the first level of resistance above 226.81, and by rule, any break above resistance is a buy signal. In this case, 227.47, 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 STZ slightly near 227.47, target 222.89, Stop Loss @ 228. Details

The technical summary data is suggesting a short of STZ if it tests 227.47 with a downside target of 222.89. We should have a stop loss in place at 228 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, 227.47, 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.

Real Time Updates are available on our Constellation Brands (STZ) Page here: STZ.

STZ Ratings for January 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	227.47
P2	215.01	210.63	243.28
P3	219.59	222.89	258.89

Support and Resistance Plot Chart for STZ

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Price matters most to #makingmoney in the #stockmarket. 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 our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Constellation Brands (NYSE: STZ) report below can help you, but we have more details too. The trading plans for STZ, 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.