How the price action of Stericycle ($SRCL) is used to our Advantage
November 01, 2023, 07:00 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SRCL
- Buy SRCL slightly over 37.86 target 41.96 stop loss @ 37.75 Details
The technical summary data tells us to buy SRCL near 37.86 with an upside target of 41.96. This data also tells us to set a stop loss @ 37.75 to protect against excessive loss in case the stock begins to move against the trade. 37.86 is the first level of support below 41.24 , and by rule, any test of support is a buy signal. In this case, support 37.86 would be being tested, so a buy signal would exist.
- Short SRCL slightly under 41.96, target 37.86, stop loss @ 42.08 Details
The technical summary data is suggesting a short of SRCL as it gets near 41.96 with a downside target of 37.86. We should have a stop loss in place at 42.08though. 41.96 is the first level of resistance above 41.24, and by rule, any test of resistance is a short signal. In this case, if resistance 41.96 is being tested, so a short signal would exist.
Swing Trading Plans for SRCL
- Buy SRCL slightly over 41.96, target 46.16, Stop Loss @ 41.84 Details
If 41.96 begins to break higher, the technical summary data tells us to buy SRCL just slightly over 41.96, with an upside target of 46.16. The data also tells us to set a stop loss @ 41.84 in case the stock turns against the trade. 41.96 is the first level of resistance above 41.24, and by rule, any break above resistance is a buy signal. In this case, 41.96, 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 SRCL slightly near 41.96, target 40.37, Stop Loss @ 42.08. Details
The technical summary data is suggesting a short of SRCL if it tests 41.96 with a downside target of 40.37. We should have a stop loss in place at 42.08 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, 41.96, 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.
Day Trading Plans for SRCL
- Buy SRCL slightly over 41.96, target 46.16, Stop Loss @ 41.86 Details
If 41.96 begins to break higher, the technical summary data tells us to buy SRCL just slightly over 41.96, with an upside target of 46.16. The data also tells us to set a stop loss @ 41.86 in case the stock turns against the trade. 41.96 is the first level of resistance above 41.24, and by rule, any break above resistance is a buy signal. In this case, 41.96, 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 SRCL slightly near 41.96, target 40.37, Stop Loss @ 42.06. Details
The technical summary data is suggesting a short of SRCL if it tests 41.96 with a downside target of 40.37. We should have a stop loss in place at 42.06 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, 41.96, 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 Stericycle (SRCL) available here: SRCL.
SRCL Ratings for November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
37.86 |
| P2 |
39.12 |
38.68 |
41.96 |
| P3 |
39.94 |
40.37 |
46.16 |
AI Generated Signals for SRCL
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 Stericycle (NASDAQ: SRCL) data table below can help you with price action, and we have more details too. Trading plans for SRCL 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 SRCL:
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