What Constellation Brands $STZ is Telling us About its Future
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Strong |
| P1 | 0 | 0 | 212.39 |
| P2 | 230.06 | 218.47 | 226.91 |
| P3 | 236.03 | 229.09 | 239.72 |
Support and Resistance Plot Chart for STZ
Long Term Trading Plans for STZ
March 11, 2021, 10:00 pm ET
The Technical Summary and Trading Plans for STZ 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 STZ Report.
STZ - (Long) Support Plan
The technical summary data tells us to buy STZ near 226.91 with an upside target of 239.72. This data also tells us to set a stop loss @ 226.25 to protect against excessive loss in case the stock begins to move against the trade. 226.91 is the first level of support below 228.61 , and by rule, any test of support is a buy signal. In this case, support 226.91 is being tested, a buy signal would exist.
STZ - (Short) Resistance Plan
The technical summary data is suggesting a short of STZ as it gets near 239.72 with a downside target of 226.91. We should have a stop loss in place at 240.41though. 239.72 is the first level of resistance above 228.61, and by rule, any test of resistance is a short signal. In this case, if resistance 239.72 is being tested, a short signal would exist.
Blue = Current Price
Red = Resistance
Green = Support
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