(MAN) Technical Pivots with Risk Controls

January 05, 2024, 08:20 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MAN

• Buy MAN slightly over 73.34 target 78.93 stop loss @ 73.13 Details

The technical summary data tells us to buy MAN near 73.34 with an upside target of 78.93. This data also tells us to set a stop loss @ 73.13 to protect against excessive loss in case the stock begins to move against the trade. 73.34 is the first level of support below 77.68 , and by rule, any test of support is a buy signal. In this case, support 73.34 is being tested, a buy signal would exist.

• Short MAN slightly under 78.93, target 73.34, stop loss @ 79.16 Details

The technical summary data is suggesting a short of MAN as it gets near 78.93 with a downside target of 73.34. We should have a stop loss in place at 79.16though. 78.93 is the first level of resistance above 77.68, and by rule, any test of resistance is a short signal. In this case, if resistance 78.93 is being tested, a short signal would exist.

Swing Trading Plans for MAN

• Buy MAN slightly over 78.93, target 79.43, Stop Loss @ 78.7 Details

If 78.93 begins to break higher, the technical summary data tells us to buy MAN just slightly over 78.93, with an upside target of 79.43. The data also tells us to set a stop loss @ 78.7 in case the stock turns against the trade. 78.93 is the first level of resistance above 77.68, and by rule, any break above resistance is a buy signal. In this case, 78.93, 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 MAN slightly near 78.93, target 77.66, Stop Loss @ 79.16. Details

The technical summary data is suggesting a short of MAN if it tests 78.93 with a downside target of 77.66. We should have a stop loss in place at 79.16 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, 78.93, 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 MAN

• Buy MAN slightly over 77.72, target 78.93, Stop Loss @ 77.54 Details

If 77.72 begins to break higher, the technical summary data tells us to buy MAN just slightly over 77.72, with an upside target of 78.93. The data also tells us to set a stop loss @ 77.54 in case the stock turns against the trade. 77.72 is the first level of resistance above 77.68, and by rule, any break above resistance is a buy signal. In this case, 77.72, 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 MAN slightly near 77.72, target 76.68, Stop Loss @ 77.9. Details

The technical summary data is suggesting a short of MAN if it tests 77.72 with a downside target of 76.68. We should have a stop loss in place at 77.9 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, 77.72, 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 Manpowergroup (MAN) available here: MAN.

MAN Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	67.7
P2	76.68	77.66	73.34
P3	77.72	79.43	78.93

AI Generated Signals for MAN

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The technical pivots for Manpowergroup (NYSE: MAN) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MAN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MAN 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 MAN too.  All of these are offered below the Summary Table.