How To Trade (MTD)

June 13, 2024, 09:04 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MTD

• Buy MTD slightly over 1304.59 target 1461.12 stop loss @ 1300.82 Details

The technical summary data tells us to buy MTD near 1304.59 with an upside target of 1461.12. This data also tells us to set a stop loss @ 1300.82 to protect against excessive loss in case the stock begins to move against the trade. 1304.59 is the first level of support below 1459.51 , and by rule, any test of support is a buy signal. In this case, support 1304.59 is being tested, a buy signal would exist.

• Short MTD slightly under 1461.12, target 1304.59, stop loss @ 1465.34 Details

The technical summary data is suggesting a short of MTD as it gets near 1461.12 with a downside target of 1304.59. We should have a stop loss in place at 1465.34though. 1461.12 is the first level of resistance above 1459.51, and by rule, any test of resistance is a short signal. In this case, if resistance 1461.12 is being tested, a short signal would exist.

Swing Trading Plans for MTD

• Buy MTD slightly over 1461.12, target 1464.92, Stop Loss @ 1456.9 Details

If 1461.12 begins to break higher, the technical summary data tells us to buy MTD just slightly over 1461.12, with an upside target of 1464.92. The data also tells us to set a stop loss @ 1456.9 in case the stock turns against the trade. 1461.12 is the first level of resistance above 1459.51, and by rule, any break above resistance is a buy signal. In this case, 1461.12, 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 1461.12, target 1414.97, Stop Loss @ 1465.34. Details

The technical summary data is suggesting a short of MTD if it tests 1461.12 with a downside target of 1414.97. We should have a stop loss in place at 1465.34 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, 1461.12, 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 1461.12, target 1464.92, Stop Loss @ 1457.71 Details

If 1461.12 begins to break higher, the technical summary data tells us to buy MTD just slightly over 1461.12, with an upside target of 1464.92. The data also tells us to set a stop loss @ 1457.71 in case the stock turns against the trade. 1461.12 is the first level of resistance above 1459.51, and by rule, any break above resistance is a buy signal. In this case, 1461.12, 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 1461.12, target 1453.66, Stop Loss @ 1464.53. Details

The technical summary data is suggesting a short of MTD if it tests 1461.12 with a downside target of 1453.66. We should have a stop loss in place at 1464.53 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, 1461.12, 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 June 13:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	1149.72
P2	1432.05	1414.97	1304.59
P3	1453.66	1464.92	1461.12

AI Generated Signals for MTD

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This report provides trading strategies for Mettler-toledo International Inc. (NYSE: MTD) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MTD 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 MTD 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 MTD too.  All of these are offered below the Summary Table.