How the (KTB) price action is used to our Advantage

April 12, 2024, 21:34 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KTB

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short KTB slightly under 55.22, target n/a, stop loss @ 55.38 Details

The technical summary data is suggesting a short of KTB as it gets near 55.22, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 55.38. 55.22 is the first level of resistance above 53.96, and by rule, any test of resistance is a short signal. In this case, if resistance 55.22 is being tested, so a short signal would exist.

Swing Trading Plans for KTB

• Buy KTB slightly over 55.22, target 55.61, Stop Loss @ 55.06 Details

If 55.22 begins to break higher, the technical summary data tells us to buy KTB just slightly over 55.22, with an upside target of 55.61. The data also tells us to set a stop loss @ 55.06 in case the stock turns against the trade. 55.22 is the first level of resistance above 53.96, and by rule, any break above resistance is a buy signal. In this case, 55.22, 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 KTB slightly near 55.22, target 53.37, Stop Loss @ 55.38. Details

The technical summary data is suggesting a short of KTB if it tests 55.22 with a downside target of 53.37. We should have a stop loss in place at 55.38 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, 55.22, 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 KTB

• Buy KTB slightly over 54.34, target 55.22, Stop Loss @ 54.21 Details

If 54.34 begins to break higher, the technical summary data tells us to buy KTB just slightly over 54.34, with an upside target of 55.22. The data also tells us to set a stop loss @ 54.21 in case the stock turns against the trade. 54.34 is the first level of resistance above 53.96, and by rule, any break above resistance is a buy signal. In this case, 54.34, 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 KTB slightly near 54.34, target 53.37, Stop Loss @ 54.47. Details

The technical summary data is suggesting a short of KTB if it tests 54.34 with a downside target of 53.37. We should have a stop loss in place at 54.47 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, 54.34, 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  Kontoor Brands Inc. (KTB) available here: KTB.

KTB Ratings for April 12:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	55.22
P2	53.37	53.37	61.06
P3	54.34	55.61	66.77

AI Generated Signals for KTB

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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  Kontoor Brands Inc. (NYSE: KTB) data table below can help you with price action, and we have more details too. Trading plans for KTB 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.