When (SHYF) Moves Investors should Listen
March 15, 2024, 15:16 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SHYF
- Buy SHYF slightly over 8.59 target 11.08 stop loss @ 8.57 Details
The technical summary data tells us to buy SHYF near 8.59 with an upside target of 11.08. This data also tells us to set a stop loss @ 8.57 to protect against excessive loss in case the stock begins to move against the trade. 8.59 is the first level of support below 10.755 , and by rule, any test of support is a buy signal. In this case, support 8.59 is being tested, a buy signal would exist.
- Short SHYF slightly under 11.08, target 8.59, stop loss @ 11.11 Details
The technical summary data is suggesting a short of SHYF as it gets near 11.08 with a downside target of 8.59. We should have a stop loss in place at 11.11though. 11.08 is the first level of resistance above 10.755, and by rule, any test of resistance is a short signal. In this case, if resistance 11.08 is being tested, a short signal would exist.
Swing Trading Plans for SHYF
- Buy SHYF slightly over 11.08, target n/a, Stop Loss @ 11.05 Details
If 11.08 begins to break higher, the technical summary data tells us to buy SHYF just slightly over 11.08, with an upside target of n/a. The data also tells us to set a stop loss @ 11.05 in case the stock turns against the trade. 11.08 is the first level of resistance above 10.755, and by rule, any break above resistance is a buy signal. In this case, 11.08, 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 SHYF slightly near 11.08, target 10.53, Stop Loss @ 11.11. Details
The technical summary data is suggesting a short of SHYF if it tests 11.08 with a downside target of 10.53. We should have a stop loss in place at 11.11 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, 11.08, 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 SHYF
- Buy SHYF slightly over 11.08, target n/a, Stop Loss @ 11.05 Details
If 11.08 begins to break higher, the technical summary data tells us to buy SHYF just slightly over 11.08, with an upside target of n/a. The data also tells us to set a stop loss @ 11.05 in case the stock turns against the trade. 11.08 is the first level of resistance above 10.755, and by rule, any break above resistance is a buy signal. In this case, 11.08, 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 SHYF slightly near 11.08, target 10.53, Stop Loss @ 11.11. Details
The technical summary data is suggesting a short of SHYF if it tests 11.08 with a downside target of 10.53. We should have a stop loss in place at 11.11 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, 11.08, 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 The Shyft Group Inc. (SHYF) available here: SHYF.
SHYF Ratings for March 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
6.13 |
| P2 |
10.52 |
10.53 |
8.59 |
| P3 |
10.84 |
11 |
11.08 |
AI Generated Signals for SHYF
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The The Shyft Group Inc. (NASDAQ: SHYF) report below is a real world example. Included are trading plans for SHYF, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SHYF:
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