Trading (STE) With Integrated Risk Controls

December 22, 2024, 21:26 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STE

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short STE slightly under 211.66, target n/a, stop loss @ 212.27 Details

The technical summary data is suggesting a short of STE as it gets near 211.66, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 212.27. 211.66 is the first level of resistance above 207.49, and by rule, any test of resistance is a short signal. In this case, if resistance 211.66 is being tested, so a short signal would exist.

Swing Trading Plans for STE

• Buy STE slightly over 209.34, target 211.66, Stop Loss @ 208.74 Details

If 209.34 begins to break higher, the technical summary data tells us to buy STE just slightly over 209.34, with an upside target of 211.66. The data also tells us to set a stop loss @ 208.74 in case the stock turns against the trade. 209.34 is the first level of resistance above 207.49, and by rule, any break above resistance is a buy signal. In this case, 209.34, 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 STE slightly near 209.34, target 204.01, Stop Loss @ 209.94. Details

The technical summary data is suggesting a short of STE if it tests 209.34 with a downside target of 204.01. We should have a stop loss in place at 209.94 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, 209.34, 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 STE

• Buy STE slightly over 209.34, target 211.66, Stop Loss @ 208.85 Details

If 209.34 begins to break higher, the technical summary data tells us to buy STE just slightly over 209.34, with an upside target of 211.66. The data also tells us to set a stop loss @ 208.85 in case the stock turns against the trade. 209.34 is the first level of resistance above 207.49, and by rule, any break above resistance is a buy signal. In this case, 209.34, 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 STE slightly near 209.34, target 206.05, Stop Loss @ 209.83. Details

The technical summary data is suggesting a short of STE if it tests 209.34 with a downside target of 206.05. We should have a stop loss in place at 209.83 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, 209.34, 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 Steris Plc (ireland) (STE) available here: STE.

STE Ratings for December 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	211.66
P2	202.16	204.01	226.37
P3	206.05	209.34	241.04

AI Generated Signals for STE

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