Trading (MTW) With Integrated Risk Controls
February 28, 2024, 07:24 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MTW
- Buy MTW slightly over 12.93 target 14.85 stop loss @ 12.89 Details
The technical summary data tells us to buy MTW near 12.93 with an upside target of 14.85. This data also tells us to set a stop loss @ 12.89 to protect against excessive loss in case the stock begins to move against the trade. 12.93 is the first level of support below 13.43 , and by rule, any test of support is a buy signal. In this case, support 12.93 would be being tested, so a buy signal would exist.
- Short MTW slightly under 14.85, target 12.93, stop loss @ 14.89 Details
The technical summary data is suggesting a short of MTW as it gets near 14.85 with a downside target of 12.93. We should have a stop loss in place at 14.89though. 14.85 is the first level of resistance above 13.43, and by rule, any test of resistance is a short signal. In this case, if resistance 14.85 is being tested, so a short signal would exist.
Swing Trading Plans for MTW
- Buy MTW slightly over 14.85, target 16.89, Stop Loss @ 14.81 Details
If 14.85 begins to break higher, the technical summary data tells us to buy MTW just slightly over 14.85, with an upside target of 16.89. The data also tells us to set a stop loss @ 14.81 in case the stock turns against the trade. 14.85 is the first level of resistance above 13.43, and by rule, any break above resistance is a buy signal. In this case, 14.85, 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 MTW slightly near 14.85, target 13.09, Stop Loss @ 14.89. Details
The technical summary data is suggesting a short of MTW if it tests 14.85 with a downside target of 13.09. We should have a stop loss in place at 14.89 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, 14.85, 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 MTW
- Buy MTW slightly over 13.48, target 14.85, Stop Loss @ 13.45 Details
If 13.48 begins to break higher, the technical summary data tells us to buy MTW just slightly over 13.48, with an upside target of 14.85. The data also tells us to set a stop loss @ 13.45 in case the stock turns against the trade. 13.48 is the first level of resistance above 13.43, and by rule, any break above resistance is a buy signal. In this case, 13.48, 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 MTW slightly near 13.48, target 13.2, Stop Loss @ 13.51. Details
The technical summary data is suggesting a short of MTW if it tests 13.48 with a downside target of 13.2. We should have a stop loss in place at 13.51 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, 13.48, 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 Manitowoc Company Inc. (the) (MTW) available here: MTW.
MTW Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
12.93 |
| P2 |
13.2 |
11.4 |
14.85 |
| P3 |
13.48 |
13.09 |
16.89 |
AI Generated Signals for MTW
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MTW:
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