How the (MTZ) price action is used to our Advantage
November 24, 2024, 14:06 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MTZ
- Buy MTZ near 132.39 target 144.01 stop loss @ 132.01 Details
The technical summary data tells us to buy MTZ near 132.39 with an upside target of 144.01. This data also tells us to set a stop loss @ 132.01 to protect against excessive loss in case the stock begins to move against the trade. 132.39 is the first level of support below 142.15 , and by rule, any test of support is a buy signal. In this case, support 132.39 is being tested, a buy signal would exist.
- Short MTZ slightly under 144.01, target 132.39, stop loss @ 144.43 Details
The technical summary data is suggesting a short of MTZ as it gets near 144.01 with a downside target of 132.39. We should have a stop loss in place at 144.43though. 144.01 is the first level of resistance above 142.15, and by rule, any test of resistance is a short signal. In this case, if resistance 144.01 is being tested, a short signal would exist.
Swing Trading Plans for MTZ
- Buy MTZ slightly over 142.8, target 144.01, Stop Loss @ 142.39 Details
If 142.8 begins to break higher, the technical summary data tells us to buy MTZ just slightly over 142.8, with an upside target of 144.01. The data also tells us to set a stop loss @ 142.39 in case the stock turns against the trade. 142.8 is the first level of resistance above 142.15, and by rule, any break above resistance is a buy signal. In this case, 142.8, 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 MTZ slightly near 142.8, target 136.51, Stop Loss @ 143.21. Details
The technical summary data is suggesting a short of MTZ if it tests 142.8 with a downside target of 136.51. We should have a stop loss in place at 143.21 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, 142.8, 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 MTZ
- Buy MTZ slightly over 142.8, target 144.01, Stop Loss @ 142.47 Details
If 142.8 begins to break higher, the technical summary data tells us to buy MTZ just slightly over 142.8, with an upside target of 144.01. The data also tells us to set a stop loss @ 142.47 in case the stock turns against the trade. 142.8 is the first level of resistance above 142.15, and by rule, any break above resistance is a buy signal. In this case, 142.8, 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 MTZ slightly near 142.8, target 141.59, Stop Loss @ 143.13. Details
The technical summary data is suggesting a short of MTZ if it tests 142.8 with a downside target of 141.59. We should have a stop loss in place at 143.13 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, 142.8, 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 Mastec Inc. (MTZ) available here: MTZ.
MTZ Ratings for November 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
119.98 |
| P2 |
141.59 |
136.51 |
132.39 |
| P3 |
144.39 |
142.8 |
144.01 |
AI Generated Signals for MTZ
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 Mastec Inc. (NYSE: MTZ) data table below can help you with price action, and we have more details too. Trading plans for MTZ 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 MTZ:
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