(CLS) Trading Signals

October 20, 2024, 18:04 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CLS

• Buy CLS near 50.9 target 59.62 stop loss @ 50.75 Details

The technical summary data tells us to buy CLS near 50.9 with an upside target of 59.62. This data also tells us to set a stop loss @ 50.75 to protect against excessive loss in case the stock begins to move against the trade. 50.9 is the first level of support below 57.82 , and by rule, any test of support is a buy signal. In this case, support 50.9 would be being tested, so a buy signal would exist.

• Short CLS slightly under 59.62, target 50.9, stop loss @ 59.79 Details

The technical summary data is suggesting a short of CLS as it gets near 59.62 with a downside target of 50.9. We should have a stop loss in place at 59.79though. 59.62 is the first level of resistance above 57.82, and by rule, any test of resistance is a short signal. In this case, if resistance 59.62 is being tested, so a short signal would exist.

Swing Trading Plans for CLS

• Buy CLS slightly over 59.08, target 59.62, Stop Loss @ 58.91 Details

If 59.08 begins to break higher, the technical summary data tells us to buy CLS just slightly over 59.08, with an upside target of 59.62. The data also tells us to set a stop loss @ 58.91 in case the stock turns against the trade. 59.08 is the first level of resistance above 57.82, and by rule, any break above resistance is a buy signal. In this case, 59.08, 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 CLS slightly near 59.08, target 50.9, Stop Loss @ 59.25. Details

The technical summary data is suggesting a short of CLS if it tests 59.08 with a downside target of 50.9. We should have a stop loss in place at 59.25 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, 59.08, 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 CLS

• Buy CLS slightly over 59.08, target 59.62, Stop Loss @ 58.94 Details

If 59.08 begins to break higher, the technical summary data tells us to buy CLS just slightly over 59.08, with an upside target of 59.62. The data also tells us to set a stop loss @ 58.94 in case the stock turns against the trade. 59.08 is the first level of resistance above 57.82, and by rule, any break above resistance is a buy signal. In this case, 59.08, 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 CLS slightly near 59.08, target 57.64, Stop Loss @ 59.22. Details

The technical summary data is suggesting a short of CLS if it tests 59.08 with a downside target of 57.64. We should have a stop loss in place at 59.22 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, 59.08, 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 Celestica Inc. (CLS) available here: CLS.

CLS Ratings for October 20:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	50.9
P2	55.98	59.08	59.62
P3	57.64	65.1	68.92

AI Generated Signals for CLS

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Trading Celestica Inc. (NYSE: CLS) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CLS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CLS 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 CLS too.  All of these are offered below the Summary Table.