How the price action of Kb Home ($KBH) is used to our Advantage
October 27, 2023, 00:15 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KBH
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short KBH slightly under 48.04, target n/a, stop loss @ 48.18 Details
The technical summary data is suggesting a short of KBH as it gets near 48.04, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 48.18. 48.04 is the first level of resistance above 43.14, and by rule, any test of resistance is a short signal. In this case, if resistance 48.04 is being tested, so a short signal would exist.
Swing Trading Plans for KBH
- Buy KBH slightly over 43.39, target 48.04, Stop Loss @ 43.26 Details
If 43.39 begins to break higher, the technical summary data tells us to buy KBH just slightly over 43.39, with an upside target of 48.04. The data also tells us to set a stop loss @ 43.26 in case the stock turns against the trade. 43.39 is the first level of resistance above 43.14, and by rule, any break above resistance is a buy signal. In this case, 43.39, 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 KBH slightly near 43.39, target 41.77, Stop Loss @ 43.52. Details
The technical summary data is suggesting a short of KBH if it tests 43.39 with a downside target of 41.77. We should have a stop loss in place at 43.52 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, 43.39, 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 KBH
- Buy KBH slightly over 43.39, target 43.60, Stop Loss @ 43.29 Details
If 43.39 begins to break higher, the technical summary data tells us to buy KBH just slightly over 43.39, with an upside target of 43.60. The data also tells us to set a stop loss @ 43.29 in case the stock turns against the trade. 43.39 is the first level of resistance above 43.14, and by rule, any break above resistance is a buy signal. In this case, 43.39, 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 KBH slightly near 43.39, target 42.76, Stop Loss @ 43.49. Details
The technical summary data is suggesting a short of KBH if it tests 43.39 with a downside target of 42.76. We should have a stop loss in place at 43.49 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, 43.39, 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 Kb Home (KBH) available here: KBH.
KBH Ratings for October 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
48.04 |
| P2 |
42.76 |
41.77 |
53.12 |
| P3 |
43.60 |
43.39 |
58.32 |
AI Generated Signals for KBH
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Kb Home (NYSE: KBH) data table below can help you with price action, and we have more details too. Trading plans for KBH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KBH:
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