Changes to the Price of Toll Brothers #TOL Influence Investor Perception

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 54.70
P2 66.27 65.94 59.64
P3 67.52 67.54 64.55

Often, the action in a #stock is based on #investor perceptions, but it can be a circular event.  Not only is the #priceaction representative of perception, but it can influence perception too.  In the case of Toll Brothers (NYSE: TOL) we can see this in the charts.  The data for TOL in the summary table and trading plans below are intended to provide an example of how to extrapolate this.  Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Long Term Trading Plans for TOL

May 9, 2021, 11:30 am ET

The Technical Summary and Trading Plans for TOL 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 TOL Report.

TOL - (Long) Support Plan

The technical summary data tells us to buy TOL near 64.55, 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 64.36 to protect against excessive loss in case the stock begins to move against the trade. 64.55 is the first level of support below 67.65, and by rule, any test of support is a buy signal. In this case, if support 64.55 is being tested, a buy signal would exist.

TOL - (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.

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for TOL

May 9, 2021, 11:30 am ET

The Technical Summary and Trading Plans for TOL 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 TOL Report.

TOL - (Long) Support Plan

If n/a begins to break higher, the technical summary data tells us to buy TOL just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 67.65, and by rule, any break above resistance is a buy signal. In this case, n/a, 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.

TOL - (Short) Resistance Plan

The technical summary data is suggesting a short of TOL if it tests n/a with a downside target of 67.54. We should have a stop loss in place at 0 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, n/a, 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 TOL

May 9, 2021, 11:30 am ET

The Technical Summary and Trading Plans for TOL 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 TOL Report.

TOL - (Long) Support Plan

If n/a begins to break higher, the technical summary data tells us to buy TOL just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 67.65, and by rule, any break above resistance is a buy signal. In this case, n/a, 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.

TOL - (Short) Resistance Plan

The technical summary data is suggesting a short of TOL if it tests n/a with a downside target of 67.54. We should have a stop loss in place at 0 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, n/a, 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.