Learn to Evaluate (SHAK) using the Charts
November 19, 2024, 02:22 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SHAK
- Buy SHAK near 114.6 target 130.82 stop loss @ 114.27 Details
The technical summary data tells us to buy SHAK near 114.6 with an upside target of 130.82. This data also tells us to set a stop loss @ 114.27 to protect against excessive loss in case the stock begins to move against the trade. 114.6 is the first level of support below 116.49 , and by rule, any test of support is a buy signal. In this case, support 114.6 is being tested, a buy signal would exist.
- Short SHAK slightly under 130.82, target 114.6, stop loss @ 131.2 Details
The technical summary data is suggesting a short of SHAK as it gets near 130.82 with a downside target of 114.6. We should have a stop loss in place at 131.2though. 130.82 is the first level of resistance above 116.49, and by rule, any test of resistance is a short signal. In this case, if resistance 130.82 is being tested, a short signal would exist.
Swing Trading Plans for SHAK
- Buy SHAK slightly over 120.27, target 130.91, Stop Loss @ 119.92 Details
If 120.27 begins to break higher, the technical summary data tells us to buy SHAK just slightly over 120.27, with an upside target of 130.91. The data also tells us to set a stop loss @ 119.92 in case the stock turns against the trade. 120.27 is the first level of resistance above 116.49, and by rule, any break above resistance is a buy signal. In this case, 120.27, 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 SHAK slightly near 120.27, target 114.6, Stop Loss @ 120.62. Details
The technical summary data is suggesting a short of SHAK if it tests 120.27 with a downside target of 114.6. We should have a stop loss in place at 120.62 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, 120.27, 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 SHAK
- Buy SHAK slightly over 118.99, target 120.27, Stop Loss @ 118.71 Details
If 118.99 begins to break higher, the technical summary data tells us to buy SHAK just slightly over 118.99, with an upside target of 120.27. The data also tells us to set a stop loss @ 118.71 in case the stock turns against the trade. 118.99 is the first level of resistance above 116.49, and by rule, any break above resistance is a buy signal. In this case, 118.99, 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 SHAK slightly near 118.99, target 115.57, Stop Loss @ 119.27. Details
The technical summary data is suggesting a short of SHAK if it tests 118.99 with a downside target of 115.57. We should have a stop loss in place at 119.27 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, 118.99, 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 Shake Shack Inc. Class A (SHAK) available here: SHAK.
SHAK Ratings for November 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
99.26 |
| P2 |
115.57 |
120.27 |
114.6 |
| P3 |
118.99 |
130.91 |
130.82 |
AI Generated Signals for SHAK
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Shake Shack Inc. Class A (NASDAQ: SHAK) report below can help you understand how to do this. The trading plans for SHAK, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SHAK:
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