Long Term Trading Analysis for (HUBB)

February 21, 2024, 01:02 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HUBB

• Buy HUBB slightly over 340.69 target 371.08 stop loss @ 339.71 Details

The technical summary data tells us to buy HUBB near 340.69 with an upside target of 371.08. This data also tells us to set a stop loss @ 339.71 to protect against excessive loss in case the stock begins to move against the trade. 340.69 is the first level of support below 355.35 , and by rule, any test of support is a buy signal. In this case, support 340.69 is being tested, a buy signal would exist.

• Short HUBB slightly under 371.08, target 340.69, stop loss @ 372.15 Details

The technical summary data is suggesting a short of HUBB as it gets near 371.08 with a downside target of 340.69. We should have a stop loss in place at 372.15though. 371.08 is the first level of resistance above 355.35, and by rule, any test of resistance is a short signal. In this case, if resistance 371.08 is being tested, a short signal would exist.

Swing Trading Plans for HUBB

• Buy HUBB slightly over 363.95, target 371.08, Stop Loss @ 362.9 Details

If 363.95 begins to break higher, the technical summary data tells us to buy HUBB just slightly over 363.95, with an upside target of 371.08. The data also tells us to set a stop loss @ 362.9 in case the stock turns against the trade. 363.95 is the first level of resistance above 355.35, and by rule, any break above resistance is a buy signal. In this case, 363.95, 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 HUBB slightly near 363.95, target 355.34, Stop Loss @ 365. Details

The technical summary data is suggesting a short of HUBB if it tests 363.95 with a downside target of 355.34. We should have a stop loss in place at 365 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, 363.95, 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 HUBB

• Buy HUBB slightly over 357, target 362.76, Stop Loss @ 356.17 Details

If 357 begins to break higher, the technical summary data tells us to buy HUBB just slightly over 357, with an upside target of 362.76. The data also tells us to set a stop loss @ 356.17 in case the stock turns against the trade. 357 is the first level of resistance above 355.35, and by rule, any break above resistance is a buy signal. In this case, 357, 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 HUBB slightly near 357, target 355.34, Stop Loss @ 357.83. Details

The technical summary data is suggesting a short of HUBB if it tests 357 with a downside target of 355.34. We should have a stop loss in place at 357.83 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, 357, 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 Hubbell Inc (HUBB) available here: HUBB.

HUBB Ratings for February 21:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	309.14
P2	357	355.34	340.69
P3	362.76	363.95	371.08

AI Generated Signals for HUBB

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Hubbell Inc (NASDAQ: HUBB) while incorporating 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 HUBB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HUBB 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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HUBB too.  All of these are offered below the Summary Table.