When the Price of Scholastic $SCHL Talks, People Listen
October 10, 2023, 08:30 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SCHL
- Buy SCHL slightly over 35.55 target 40.72 stop loss @ 35.45 Details
The technical summary data tells us to buy SCHL near 35.55 with an upside target of 40.72. This data also tells us to set a stop loss @ 35.45 to protect against excessive loss in case the stock begins to move against the trade. 35.55 is the first level of support below 37.5 , and by rule, any test of support is a buy signal. In this case, support 35.55 would be being tested, so a buy signal would exist.
- Short SCHL slightly under 40.72, target 35.55, stop loss @ 40.84 Details
The technical summary data is suggesting a short of SCHL as it gets near 40.72 with a downside target of 35.55. We should have a stop loss in place at 40.84though. 40.72 is the first level of resistance above 37.5, and by rule, any test of resistance is a short signal. In this case, if resistance 40.72 is being tested, so a short signal would exist.
Swing Trading Plans for SCHL
- Buy SCHL slightly over 39.67, target 40.72, Stop Loss @ 39.56 Details
If 39.67 begins to break higher, the technical summary data tells us to buy SCHL just slightly over 39.67, with an upside target of 40.72. The data also tells us to set a stop loss @ 39.56 in case the stock turns against the trade. 39.67 is the first level of resistance above 37.5, and by rule, any break above resistance is a buy signal. In this case, 39.67, 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 SCHL slightly near 39.67, target 36.40, Stop Loss @ 39.78. Details
The technical summary data is suggesting a short of SCHL if it tests 39.67 with a downside target of 36.40. We should have a stop loss in place at 39.78 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, 39.67, 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 SCHL
- Buy SCHL slightly over 39.67, target 40.72, Stop Loss @ 39.58 Details
If 39.67 begins to break higher, the technical summary data tells us to buy SCHL just slightly over 39.67, with an upside target of 40.72. The data also tells us to set a stop loss @ 39.58 in case the stock turns against the trade. 39.67 is the first level of resistance above 37.5, and by rule, any break above resistance is a buy signal. In this case, 39.67, 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 SCHL slightly near 39.67, target 37.43, Stop Loss @ 39.76. Details
The technical summary data is suggesting a short of SCHL if it tests 39.67 with a downside target of 37.43. We should have a stop loss in place at 39.76 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, 39.67, 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 Scholastic (SCHL) available here: SCHL.
SCHL Ratings for October 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
35.55 |
| P2 |
36.80 |
36.40 |
40.72 |
| P3 |
37.43 |
39.67 |
45.66 |
AI Generated Signals for SCHL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Scholastic (NASDAQ: SCHL) 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 SCHL 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.
Fundamental Charts for SCHL:
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