(WMS) Technical Pivots with Risk Controls

February 03, 2024, 04:58 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WMS

• Buy WMS slightly over 123.23 target 135.85 stop loss @ 122.87 Details

The technical summary data tells us to buy WMS near 123.23 with an upside target of 135.85. This data also tells us to set a stop loss @ 122.87 to protect against excessive loss in case the stock begins to move against the trade. 123.23 is the first level of support below 135.05 , and by rule, any test of support is a buy signal. In this case, support 123.23 would be being tested, so a buy signal would exist.

• Short WMS slightly under 135.85, target 123.23, stop loss @ 136.24 Details

The technical summary data is suggesting a short of WMS as it gets near 135.85 with a downside target of 123.23. We should have a stop loss in place at 136.24though. 135.85 is the first level of resistance above 135.05, and by rule, any test of resistance is a short signal. In this case, if resistance 135.85 is being tested, so a short signal would exist.

Swing Trading Plans for WMS

• Buy WMS slightly over 135.85, target 148.68, Stop Loss @ 135.46 Details

If 135.85 begins to break higher, the technical summary data tells us to buy WMS just slightly over 135.85, with an upside target of 148.68. The data also tells us to set a stop loss @ 135.46 in case the stock turns against the trade. 135.85 is the first level of resistance above 135.05, and by rule, any break above resistance is a buy signal. In this case, 135.85, 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 WMS slightly near 135.85, target 133.9, Stop Loss @ 136.24. Details

The technical summary data is suggesting a short of WMS if it tests 135.85 with a downside target of 133.9. We should have a stop loss in place at 136.24 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, 135.85, 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 WMS

• Buy WMS slightly over 135.85, target 148.68, Stop Loss @ 135.53 Details

If 135.85 begins to break higher, the technical summary data tells us to buy WMS just slightly over 135.85, with an upside target of 148.68. The data also tells us to set a stop loss @ 135.53 in case the stock turns against the trade. 135.85 is the first level of resistance above 135.05, and by rule, any break above resistance is a buy signal. In this case, 135.85, 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 WMS slightly near 135.85, target 133.9, Stop Loss @ 136.17. Details

The technical summary data is suggesting a short of WMS if it tests 135.85 with a downside target of 133.9. We should have a stop loss in place at 136.17 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, 135.85, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Advanced Drainage Systems Inc. (WMS) available here: WMS.

WMS Ratings for February 03:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	123.23
P2	132.05	130.08	135.85
P3	133.59	133.9	148.68

AI Generated Signals for WMS

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The technical pivots for Advanced Drainage Systems Inc. (NYSE: WMS) 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 WMS 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 WMS 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 WMS too.  All of these are offered below the Summary Table.