How the price action of Chemed ($CHE) is used to our Advantage
May 13, 2023, 06:45 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CHE
- Buy CHE slightly over 523.25 target n/a stop loss @ 521.74. Details
The technical summary data tells us to buy CHE near 523.25, 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 521.74 to protect against excessive loss in case the stock begins to move against the trade. 523.25 is the first level of support below 547.16, and by rule, any test of support is a buy signal. In this case, if support 523.25 is being tested, a buy signal would exist.
- NONE . Details
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.
Swing Trading Plans for CHE
- Buy CHE slightly over 549.74, target n/a, Stop Loss @ 548.15 Details
If 549.74 begins to break higher, the technical summary data tells us to buy CHE just slightly over 549.74, with an upside target of n/a. The data also tells us to set a stop loss @ 548.15 in case the stock turns against the trade. 549.74 is the first level of resistance above 547.16, and by rule, any break above resistance is a buy signal. In this case, 549.74, 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 CHE slightly near 549.74, target 538.84, Stop Loss @ 551.33. Details
The technical summary data is suggesting a short of CHE if it tests 549.74 with a downside target of 538.84. We should have a stop loss in place at 551.33 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, 549.74, 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 CHE
- Buy CHE slightly over 549.74, target 549.96, Stop Loss @ 548.46 Details
If 549.74 begins to break higher, the technical summary data tells us to buy CHE just slightly over 549.74, with an upside target of 549.96. The data also tells us to set a stop loss @ 548.46 in case the stock turns against the trade. 549.74 is the first level of resistance above 547.16, and by rule, any break above resistance is a buy signal. In this case, 549.74, 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 CHE slightly near 549.74, target 543.32, Stop Loss @ 551.02. Details
The technical summary data is suggesting a short of CHE if it tests 549.74 with a downside target of 543.32. We should have a stop loss in place at 551.02 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, 549.74, 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 Chemed (CHE) available here: CHE.
CHE Ratings for May 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
468.65 |
| P2 |
543.32 |
538.84 |
496.54 |
| P3 |
549.96 |
549.74 |
523.25 |
AI Generated Signals for CHE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Chemed (NYSE: CHE) data table below can help you with price action, and we have more details too. Trading plans for CHE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CHE:
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