Learn to Evaluate (SITE) using the Charts
December 17, 2024, 03:16 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SITE
- Buy SITE near 137.52 target 155.17 stop loss @ 137.12 Details
The technical summary data tells us to buy SITE near 137.52 with an upside target of 155.17. This data also tells us to set a stop loss @ 137.12 to protect against excessive loss in case the stock begins to move against the trade. 137.52 is the first level of support below 140.8 , and by rule, any test of support is a buy signal. In this case, support 137.52 is being tested, a buy signal would exist.
- Short SITE slightly under 155.17, target 137.52, stop loss @ 155.62 Details
The technical summary data is suggesting a short of SITE as it gets near 155.17 with a downside target of 137.52. We should have a stop loss in place at 155.62though. 155.17 is the first level of resistance above 140.8, and by rule, any test of resistance is a short signal. In this case, if resistance 155.17 is being tested, a short signal would exist.
Swing Trading Plans for SITE
- Buy SITE slightly over 146.77, target 155.17, Stop Loss @ 146.35 Details
If 146.77 begins to break higher, the technical summary data tells us to buy SITE just slightly over 146.77, with an upside target of 155.17. The data also tells us to set a stop loss @ 146.35 in case the stock turns against the trade. 146.77 is the first level of resistance above 140.8, and by rule, any break above resistance is a buy signal. In this case, 146.77, 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 SITE slightly near 146.77, target 140.33, Stop Loss @ 147.19. Details
The technical summary data is suggesting a short of SITE if it tests 146.77 with a downside target of 140.33. We should have a stop loss in place at 147.19 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, 146.77, 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 SITE
- Buy SITE slightly over 141.18, target 146.77, Stop Loss @ 140.85 Details
If 141.18 begins to break higher, the technical summary data tells us to buy SITE just slightly over 141.18, with an upside target of 146.77. The data also tells us to set a stop loss @ 140.85 in case the stock turns against the trade. 141.18 is the first level of resistance above 140.8, and by rule, any break above resistance is a buy signal. In this case, 141.18, 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 SITE slightly near 141.18, target 140.33, Stop Loss @ 141.51. Details
The technical summary data is suggesting a short of SITE if it tests 141.18 with a downside target of 140.33. We should have a stop loss in place at 141.51 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, 141.18, 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 Siteone Landscape Supply Inc. (SITE) available here: SITE.
SITE Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
119.96 |
| P2 |
138.71 |
140.33 |
137.52 |
| P3 |
141.18 |
146.77 |
155.17 |
AI Generated Signals for SITE
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Siteone Landscape Supply Inc. (NASDAQ: SITE) report below can help you understand how to do this. The trading plans for SITE, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SITE:
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