(SCS) On The My Stocks Page

November 25, 2024, 16:04 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SCS

• Buy SCS near 13.22 target 14.18 stop loss @ 13.18 Details

The technical summary data tells us to buy SCS near 13.22 with an upside target of 14.18. This data also tells us to set a stop loss @ 13.18 to protect against excessive loss in case the stock begins to move against the trade. 13.22 is the first level of support below 13.7216 , and by rule, any test of support is a buy signal. In this case, support 13.22 is being tested, a buy signal would exist.

• Short SCS slightly under 14.18, target 13.22, stop loss @ 14.22 Details

The technical summary data is suggesting a short of SCS as it gets near 14.18 with a downside target of 13.22. We should have a stop loss in place at 14.22though. 14.18 is the first level of resistance above 13.7216, and by rule, any test of resistance is a short signal. In this case, if resistance 14.18 is being tested, a short signal would exist.

Swing Trading Plans for SCS

• Buy SCS slightly over 14.18, target n/a, Stop Loss @ 14.14 Details

If 14.18 begins to break higher, the technical summary data tells us to buy SCS just slightly over 14.18, with an upside target of n/a. The data also tells us to set a stop loss @ 14.14 in case the stock turns against the trade. 14.18 is the first level of resistance above 13.7216, and by rule, any break above resistance is a buy signal. In this case, 14.18, 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 SCS slightly near 14.18, target 13.41, Stop Loss @ 14.22. Details

The technical summary data is suggesting a short of SCS if it tests 14.18 with a downside target of 13.41. We should have a stop loss in place at 14.22 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, 14.18, 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 SCS

• Buy SCS slightly over 14.18, target n/a, Stop Loss @ 14.15 Details

If 14.18 begins to break higher, the technical summary data tells us to buy SCS just slightly over 14.18, with an upside target of n/a. The data also tells us to set a stop loss @ 14.15 in case the stock turns against the trade. 14.18 is the first level of resistance above 13.7216, and by rule, any break above resistance is a buy signal. In this case, 14.18, 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 SCS slightly near 14.18, target 13.41, Stop Loss @ 14.21. Details

The technical summary data is suggesting a short of SCS if it tests 14.18 with a downside target of 13.41. We should have a stop loss in place at 14.21 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, 14.18, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Steelcase Inc. (SCS) available here: SCS.

SCS Ratings for November 25:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	12.31
P2	13.07	12.92	13.22
P3	13.28	13.41	14.18

AI Generated Signals for SCS

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

Trading or Investing in Steelcase Inc. (NYSE: SCS) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SCS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SCS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SCS too.  All of these are offered below the Summary Table.