When the Price of (MTD) Talks, People Listen

July 23, 2024, 07:46 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MTD

• Buy MTD slightly over 1261.6 target 1392 stop loss @ 1257.96 Details

The technical summary data tells us to buy MTD near 1261.6 with an upside target of 1392. This data also tells us to set a stop loss @ 1257.96 to protect against excessive loss in case the stock begins to move against the trade. 1261.6 is the first level of support below 1372.62 , and by rule, any test of support is a buy signal. In this case, support 1261.6 would be being tested, so a buy signal would exist.

• Short MTD slightly under 1392, target 1261.6, stop loss @ 1396.02 Details

The technical summary data is suggesting a short of MTD as it gets near 1392 with a downside target of 1261.6. We should have a stop loss in place at 1396.02though. 1392 is the first level of resistance above 1372.62, and by rule, any test of resistance is a short signal. In this case, if resistance 1392 is being tested, so a short signal would exist.

Swing Trading Plans for MTD

• Buy MTD slightly over 1392, target 1396.05, Stop Loss @ 1387.98 Details

If 1392 begins to break higher, the technical summary data tells us to buy MTD just slightly over 1392, with an upside target of 1396.05. The data also tells us to set a stop loss @ 1387.98 in case the stock turns against the trade. 1392 is the first level of resistance above 1372.62, and by rule, any break above resistance is a buy signal. In this case, 1392, 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 MTD slightly near 1392, target 1353.45, Stop Loss @ 1396.02. Details

The technical summary data is suggesting a short of MTD if it tests 1392 with a downside target of 1353.45. We should have a stop loss in place at 1396.02 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, 1392, 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 MTD

• Buy MTD slightly over 1392, target 1396.05, Stop Loss @ 1388.75 Details

If 1392 begins to break higher, the technical summary data tells us to buy MTD just slightly over 1392, with an upside target of 1396.05. The data also tells us to set a stop loss @ 1388.75 in case the stock turns against the trade. 1392 is the first level of resistance above 1372.62, and by rule, any break above resistance is a buy signal. In this case, 1392, 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 MTD slightly near 1392, target 1368.3, Stop Loss @ 1395.25. Details

The technical summary data is suggesting a short of MTD if it tests 1392 with a downside target of 1368.3. We should have a stop loss in place at 1395.25 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, 1392, 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 Mettler-toledo International Inc. (MTD) available here: MTD.

MTD Ratings for July 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	1261.6
P2	1343.59	1353.45	1392
P3	1368.3	1396.05	1521.51

AI Generated Signals for MTD

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Mettler-toledo International Inc. (NYSE: MTD) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for MTD can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.