(WST) Pivots Trading Plans and Risk Controls

March 16, 2024, 18:38 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WST

• Buy WST slightly over 364.37 target 398.55 stop loss @ 363.32 Details

The technical summary data tells us to buy WST near 364.37 with an upside target of 398.55. This data also tells us to set a stop loss @ 363.32 to protect against excessive loss in case the stock begins to move against the trade. 364.37 is the first level of support below 387.62 , and by rule, any test of support is a buy signal. In this case, support 364.37 is being tested, a buy signal would exist.

• Short WST slightly under 398.55, target 364.37, stop loss @ 399.7 Details

The technical summary data is suggesting a short of WST as it gets near 398.55 with a downside target of 364.37. We should have a stop loss in place at 399.7though. 398.55 is the first level of resistance above 387.62, and by rule, any test of resistance is a short signal. In this case, if resistance 398.55 is being tested, a short signal would exist.

Swing Trading Plans for WST

• Buy WST slightly over 388.51, target 398.55, Stop Loss @ 387.39 Details

If 388.51 begins to break higher, the technical summary data tells us to buy WST just slightly over 388.51, with an upside target of 398.55. The data also tells us to set a stop loss @ 387.39 in case the stock turns against the trade. 388.51 is the first level of resistance above 387.62, and by rule, any break above resistance is a buy signal. In this case, 388.51, 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 WST slightly near 388.51, target 368.09, Stop Loss @ 389.63. Details

The technical summary data is suggesting a short of WST if it tests 388.51 with a downside target of 368.09. We should have a stop loss in place at 389.63 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, 388.51, 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 WST

• Buy WST slightly over 388.51, target 389.03, Stop Loss @ 387.6 Details

If 388.51 begins to break higher, the technical summary data tells us to buy WST just slightly over 388.51, with an upside target of 389.03. The data also tells us to set a stop loss @ 387.6 in case the stock turns against the trade. 388.51 is the first level of resistance above 387.62, and by rule, any break above resistance is a buy signal. In this case, 388.51, 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 WST slightly near 388.51, target 368.09, Stop Loss @ 389.42. Details

The technical summary data is suggesting a short of WST if it tests 388.51 with a downside target of 368.09. We should have a stop loss in place at 389.42 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, 388.51, 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 West Pharmaceutical Services Inc. (WST) available here: WST.

WST Ratings for March 16:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	330.92
P2	389.03	368.09	364.37
P3	400.38	388.51	398.55

AI Generated Signals for WST

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This West Pharmaceutical Services Inc. (NYSE: WST) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WST 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 WST 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 WST too.  All of these are offered below the Summary Table.