pool adsWhy the Technicals for Sensient Technologies $SXT can be More Revealing than the Fundamentals
Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Sensient Technologies (NYSE: SXT). Using the data offered below we have a real-time example. Review The technical data for SXT below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Strong |
| P1 | 0 | 0 | 72.67 |
| P2 | 77.11 | 77.72 | 77.57 |
| P3 | 78.39 | 79.92 | 82.90 |
Support and Resistance Plot Chart for SXT
Long Term Trading Plans for SXT
March 2, 2021, 4:15 pm ET
The Technical Summary and Trading Plans for SXT 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 SXT Report.
SXT - (Long) Support Plan
The technical summary data tells us to buy SXT near 72.67 with an upside target of 77.57. This data also tells us to set a stop loss @ 72.46 to protect against excessive loss in case the stock begins to move against the trade. 72.67 is the first level of support below 76.55 , and by rule, any test of support is a buy signal. In this case, support 72.67 would be being tested, so a buy signal would exist.
SXT - (Short) Resistance Plan
The technical summary data is suggesting a short of SXT as it gets near 77.57 with a downside target of 72.67. We should have a stop loss in place at 77.79though. 77.57 is the first level of resistance above 76.55, and by rule, any test of resistance is a short signal. In this case, if resistance 77.57 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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