Chemed CHE Pivots Trading Plans and Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for CHE
  • Buy CHE over 457.60 target 489.56 stop loss @ 456.28 Details
  • The technical summary data tells us to buy CHE near 457.60 with an upside target of 489.56. This data also tells us to set a stop loss @ 456.28 to protect against excessive loss in case the stock begins to move against the trade. 457.60 is the first level of support below 478.25 , and by rule, any test of support is a buy signal. In this case, support 457.60 would be being tested, so a buy signal would exist.

  • Short CHE under 489.56, target 457.60, stop loss @ 490.97 Details
  • The technical summary data is suggesting a short of CHE as it gets near 489.56 with a downside target of 457.60. We should have a stop loss in place at 490.97though. 489.56 is the first level of resistance above 478.25, and by rule, any test of resistance is a short signal. In this case, if resistance 489.56 is being tested, so a short signal would exist.

Swing Trading Plans for CHE
  • Buy CHE over 489.56, target 502.66, Stop Loss @ 488.15 Details
  • If 489.56 begins to break higher, the technical summary data tells us to buy CHE just over 489.56, with an upside target of 502.66. The data also tells us to set a stop loss @ 488.15 in case the stock turns against the trade. 489.56 is the first level of resistance above 478.25, and by rule, any break above resistance is a buy signal. In this case, 489.56, 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 near 489.56, target 468.40, Stop Loss @ 490.97. Details
  • The technical summary data is suggesting a short of CHE if it tests 489.56 with a downside target of 468.40. We should have a stop loss in place at 490.97 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, 489.56, 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 over 484.16, target 489.56, Stop Loss @ 483.03 Details
  • If 484.16 begins to break higher, the technical summary data tells us to buy CHE just over 484.16, with an upside target of 489.56. The data also tells us to set a stop loss @ 483.03 in case the stock turns against the trade. 484.16 is the first level of resistance above 478.25, and by rule, any break above resistance is a buy signal. In this case, 484.16, 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 near 484.16, target 468.40, Stop Loss @ 485.29. Details
  • The technical summary data is suggesting a short of CHE if it tests 484.16 with a downside target of 468.40. We should have a stop loss in place at 485.29 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, 484.16, 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.

CHE Ratings for August 06:

Term →Near Mid Long
Rating Weak Strong Neutral
P1 0 0 457.60
P2 458.78 468.40 489.56
P3 484.16 502.66 519.60

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CHE Long Term Analysis for August 6 2022


CHE Swing Trading Analysis for August 6 2022


CHE Day Trading Analysis for August 6 2022

This Chemed (NYSE: CHE) 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 CHE 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 CHE 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.

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