Learn to Evaluate (TOL) using the Charts

September 17, 2024, 06:50 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TOL

• Buy TOL slightly over 143.38 target 156.67 stop loss @ 142.97 Details

The technical summary data tells us to buy TOL near 143.38 with an upside target of 156.67. This data also tells us to set a stop loss @ 142.97 to protect against excessive loss in case the stock begins to move against the trade. 143.38 is the first level of support below 150.04 , and by rule, any test of support is a buy signal. In this case, support 143.38 is being tested, a buy signal would exist.

• Short TOL slightly under 156.67, target 143.38, stop loss @ 157.12 Details

The technical summary data is suggesting a short of TOL as it gets near 156.67 with a downside target of 143.38. We should have a stop loss in place at 157.12though. 156.67 is the first level of resistance above 150.04, and by rule, any test of resistance is a short signal. In this case, if resistance 156.67 is being tested, a short signal would exist.

Swing Trading Plans for TOL

• Buy TOL slightly over 156.67, target n/a, Stop Loss @ 156.22 Details

If 156.67 begins to break higher, the technical summary data tells us to buy TOL just slightly over 156.67, with an upside target of n/a. The data also tells us to set a stop loss @ 156.22 in case the stock turns against the trade. 156.67 is the first level of resistance above 150.04, and by rule, any break above resistance is a buy signal. In this case, 156.67, 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 TOL slightly near 156.67, target 149.18, Stop Loss @ 157.12. Details

The technical summary data is suggesting a short of TOL if it tests 156.67 with a downside target of 149.18. We should have a stop loss in place at 157.12 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, 156.67, 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 TOL

• Buy TOL slightly over 153.96, target 156.67, Stop Loss @ 153.6 Details

If 153.96 begins to break higher, the technical summary data tells us to buy TOL just slightly over 153.96, with an upside target of 156.67. The data also tells us to set a stop loss @ 153.6 in case the stock turns against the trade. 153.96 is the first level of resistance above 150.04, and by rule, any break above resistance is a buy signal. In this case, 153.96, 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 TOL slightly near 153.96, target 149.56, Stop Loss @ 154.32. Details

The technical summary data is suggesting a short of TOL if it tests 153.96 with a downside target of 149.56. We should have a stop loss in place at 154.32 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, 153.96, 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  Toll Brothers Inc. (TOL) available here: TOL.

TOL Ratings for September 17:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	130.17
P2	149.56	141.41	143.38
P3	153.96	149.18	156.67

AI Generated Signals for TOL

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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  Toll Brothers Inc. (NYSE: TOL) report below can help you understand how to do this. The trading plans for TOL, 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.