When the Price of (WK) Talks, People Listen

January 23, 2024, 07:28 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WK

• Buy WK slightly over 92.02 target 100.47 stop loss @ 91.75 Details

The technical summary data tells us to buy WK near 92.02 with an upside target of 100.47. This data also tells us to set a stop loss @ 91.75 to protect against excessive loss in case the stock begins to move against the trade. 92.02 is the first level of support below 96.61 , and by rule, any test of support is a buy signal. In this case, support 92.02 would be being tested, so a buy signal would exist.

• Short WK slightly under 100.47, target 92.02, stop loss @ 100.76 Details

The technical summary data is suggesting a short of WK as it gets near 100.47 with a downside target of 92.02. We should have a stop loss in place at 100.76though. 100.47 is the first level of resistance above 96.61, and by rule, any test of resistance is a short signal. In this case, if resistance 100.47 is being tested, so a short signal would exist.

Swing Trading Plans for WK

• Buy WK slightly over 97.26, target 100.47, Stop Loss @ 96.98 Details

If 97.26 begins to break higher, the technical summary data tells us to buy WK just slightly over 97.26, with an upside target of 100.47. The data also tells us to set a stop loss @ 96.98 in case the stock turns against the trade. 97.26 is the first level of resistance above 96.61, and by rule, any break above resistance is a buy signal. In this case, 97.26, 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 WK slightly near 97.26, target 95.21, Stop Loss @ 97.54. Details

The technical summary data is suggesting a short of WK if it tests 97.26 with a downside target of 95.21. We should have a stop loss in place at 97.54 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, 97.26, 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 WK

• Buy WK slightly over 97.26, target 97.63, Stop Loss @ 97.03 Details

If 97.26 begins to break higher, the technical summary data tells us to buy WK just slightly over 97.26, with an upside target of 97.63. The data also tells us to set a stop loss @ 97.03 in case the stock turns against the trade. 97.26 is the first level of resistance above 96.61, and by rule, any break above resistance is a buy signal. In this case, 97.26, 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 WK slightly near 97.26, target 95.98, Stop Loss @ 97.49. Details

The technical summary data is suggesting a short of WK if it tests 97.26 with a downside target of 95.98. We should have a stop loss in place at 97.49 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, 97.26, 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 Workiva Inc. Class A (WK) available here: WK.

WK Ratings for January 23:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	92.02
P2	95.98	95.21	100.47
P3	97.63	97.26	109.19

AI Generated Signals for WK

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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 Workiva Inc. Class A (NYSE: WK) 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 WK 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.