When the Price of (MAT) Talks, People Listen

February 17, 2024, 13:40 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MAT

• Buy MAT slightly over 17.92 target 19.94 stop loss @ 17.87 Details

The technical summary data tells us to buy MAT near 17.92 with an upside target of 19.94. This data also tells us to set a stop loss @ 17.87 to protect against excessive loss in case the stock begins to move against the trade. 17.92 is the first level of support below 19.25 , and by rule, any test of support is a buy signal. In this case, support 17.92 would be being tested, so a buy signal would exist.

• Short MAT slightly under 19.94, target 17.92, stop loss @ 20 Details

The technical summary data is suggesting a short of MAT as it gets near 19.94 with a downside target of 17.92. We should have a stop loss in place at 20though. 19.94 is the first level of resistance above 19.25, and by rule, any test of resistance is a short signal. In this case, if resistance 19.94 is being tested, so a short signal would exist.

Swing Trading Plans for MAT

• Buy MAT slightly over 19.47, target 19.94, Stop Loss @ 19.41 Details

If 19.47 begins to break higher, the technical summary data tells us to buy MAT just slightly over 19.47, with an upside target of 19.94. The data also tells us to set a stop loss @ 19.41 in case the stock turns against the trade. 19.47 is the first level of resistance above 19.25, and by rule, any break above resistance is a buy signal. In this case, 19.47, 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 MAT slightly near 19.47, target 18.89, Stop Loss @ 19.53. Details

The technical summary data is suggesting a short of MAT if it tests 19.47 with a downside target of 18.89. We should have a stop loss in place at 19.53 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, 19.47, 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 MAT

• Buy MAT slightly over 19.47, target 19.94, Stop Loss @ 19.42 Details

If 19.47 begins to break higher, the technical summary data tells us to buy MAT just slightly over 19.47, with an upside target of 19.94. The data also tells us to set a stop loss @ 19.42 in case the stock turns against the trade. 19.47 is the first level of resistance above 19.25, and by rule, any break above resistance is a buy signal. In this case, 19.47, 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 MAT slightly near 19.47, target 18.95, Stop Loss @ 19.52. Details

The technical summary data is suggesting a short of MAT if it tests 19.47 with a downside target of 18.95. We should have a stop loss in place at 19.52 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, 19.47, 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 Mattel Inc. (MAT) available here: MAT.

MAT Ratings for February 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	17.92
P2	18.95	18.89	19.94
P3	19.34	19.47	22

AI Generated Signals for MAT

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Mattel Inc. (NYSE: MAT) 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 MAT 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.