How the (SWK) price action is used to our Advantage
January 16, 2024, 08:40 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SWK
- Buy SWK slightly over 92.92 target 101.12 stop loss @ 92.65 Details
The technical summary data tells us to buy SWK near 92.92 with an upside target of 101.12. This data also tells us to set a stop loss @ 92.65 to protect against excessive loss in case the stock begins to move against the trade. 92.92 is the first level of support below 95 , and by rule, any test of support is a buy signal. In this case, support 92.92 is being tested, a buy signal would exist.
- Short SWK slightly under 101.12, target 92.92, stop loss @ 101.41 Details
The technical summary data is suggesting a short of SWK as it gets near 101.12 with a downside target of 92.92. We should have a stop loss in place at 101.41though. 101.12 is the first level of resistance above 95, and by rule, any test of resistance is a short signal. In this case, if resistance 101.12 is being tested, a short signal would exist.
Swing Trading Plans for SWK
- Buy SWK slightly over 97.7, target 101.12, Stop Loss @ 97.42 Details
If 97.7 begins to break higher, the technical summary data tells us to buy SWK just slightly over 97.7, with an upside target of 101.12. The data also tells us to set a stop loss @ 97.42 in case the stock turns against the trade. 97.7 is the first level of resistance above 95, and by rule, any break above resistance is a buy signal. In this case, 97.7, 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 SWK slightly near 97.7, target 94.49, Stop Loss @ 97.98. Details
The technical summary data is suggesting a short of SWK if it tests 97.7 with a downside target of 94.49. We should have a stop loss in place at 97.98 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, 97.7, 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 SWK
- Buy SWK slightly over 95.96, target 97.23, Stop Loss @ 95.74 Details
If 95.96 begins to break higher, the technical summary data tells us to buy SWK just slightly over 95.96, with an upside target of 97.23. The data also tells us to set a stop loss @ 95.74 in case the stock turns against the trade. 95.96 is the first level of resistance above 95, and by rule, any break above resistance is a buy signal. In this case, 95.96, 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 SWK slightly near 95.96, target 94.49, Stop Loss @ 96.18. Details
The technical summary data is suggesting a short of SWK if it tests 95.96 with a downside target of 94.49. We should have a stop loss in place at 96.18 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, 95.96, 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 Stanley Black & Decker Inc. (SWK) available here: SWK.
SWK Ratings for January 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
84.42 |
| P2 |
95.96 |
94.49 |
92.92 |
| P3 |
97.23 |
97.7 |
101.12 |
AI Generated Signals for SWK
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 Stanley Black & Decker Inc. (NYSE: SWK) data table below can help you with price action, and we have more details too. Trading plans for SWK 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 SWK:
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