Long Term Trading Analysis for (THO)

January 15, 2024, 12:50 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for THO

• Buy THO slightly over 107.62 target 120.48 stop loss @ 107.31 Details

The technical summary data tells us to buy THO near 107.62 with an upside target of 120.48. This data also tells us to set a stop loss @ 107.31 to protect against excessive loss in case the stock begins to move against the trade. 107.62 is the first level of support below 113 , and by rule, any test of support is a buy signal. In this case, support 107.62 is being tested, a buy signal would exist.

• Short THO slightly under 120.48, target 107.62, stop loss @ 120.83 Details

The technical summary data is suggesting a short of THO as it gets near 120.48 with a downside target of 107.62. We should have a stop loss in place at 120.83though. 120.48 is the first level of resistance above 113, and by rule, any test of resistance is a short signal. In this case, if resistance 120.48 is being tested, a short signal would exist.

Swing Trading Plans for THO

• Buy THO slightly over 114.24, target 120.48, Stop Loss @ 113.91 Details

If 114.24 begins to break higher, the technical summary data tells us to buy THO just slightly over 114.24, with an upside target of 120.48. The data also tells us to set a stop loss @ 113.91 in case the stock turns against the trade. 114.24 is the first level of resistance above 113, and by rule, any break above resistance is a buy signal. In this case, 114.24, 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 THO slightly near 114.24, target 108.05, Stop Loss @ 114.57. Details

The technical summary data is suggesting a short of THO if it tests 114.24 with a downside target of 108.05. We should have a stop loss in place at 114.57 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, 114.24, 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 THO

• Buy THO slightly over 114.24, target 114.54, Stop Loss @ 113.97 Details

If 114.24 begins to break higher, the technical summary data tells us to buy THO just slightly over 114.24, with an upside target of 114.54. The data also tells us to set a stop loss @ 113.97 in case the stock turns against the trade. 114.24 is the first level of resistance above 113, and by rule, any break above resistance is a buy signal. In this case, 114.24, 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 THO slightly near 114.24, target 112.76, Stop Loss @ 114.51. Details

The technical summary data is suggesting a short of THO if it tests 114.24 with a downside target of 112.76. We should have a stop loss in place at 114.51 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, 114.24, 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 Thor Industries Inc. (THO) available here: THO.

THO Ratings for January 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	94.71
P2	112.76	108.05	107.62
P3	114.54	114.24	120.48

AI Generated Signals for THO

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Thor Industries Inc. (NYSE: THO) while incorporating prudent 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 THO 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 THO 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 THO too.  All of these are offered below the Summary Table.