How the price action of Federal Signal ($FSS) is used to our Advantage
September 27, 2023, 06:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FSS
- Buy FSS slightly over 58.21 target 62.53 stop loss @ 58.04 Details
The technical summary data tells us to buy FSS near 58.21 with an upside target of 62.53. This data also tells us to set a stop loss @ 58.04 to protect against excessive loss in case the stock begins to move against the trade. 58.21 is the first level of support below 59.16 , and by rule, any test of support is a buy signal. In this case, support 58.21 would be being tested, so a buy signal would exist.
- Short FSS slightly under 62.53, target 58.21, stop loss @ 62.71 Details
The technical summary data is suggesting a short of FSS as it gets near 62.53 with a downside target of 58.21. We should have a stop loss in place at 62.71though. 62.53 is the first level of resistance above 59.16, and by rule, any test of resistance is a short signal. In this case, if resistance 62.53 is being tested, so a short signal would exist.
Swing Trading Plans for FSS
- Buy FSS slightly over 60.64, target 62.53, Stop Loss @ 60.46 Details
If 60.64 begins to break higher, the technical summary data tells us to buy FSS just slightly over 60.64, with an upside target of 62.53. The data also tells us to set a stop loss @ 60.46 in case the stock turns against the trade. 60.64 is the first level of resistance above 59.16, and by rule, any break above resistance is a buy signal. In this case, 60.64, 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 FSS slightly near 60.64, target 59.12, Stop Loss @ 60.82. Details
The technical summary data is suggesting a short of FSS if it tests 60.64 with a downside target of 59.12. We should have a stop loss in place at 60.82 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, 60.64, 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 FSS
- Buy FSS slightly over 59.61, target 60.64, Stop Loss @ 59.47 Details
If 59.61 begins to break higher, the technical summary data tells us to buy FSS just slightly over 59.61, with an upside target of 60.64. The data also tells us to set a stop loss @ 59.47 in case the stock turns against the trade. 59.61 is the first level of resistance above 59.16, and by rule, any break above resistance is a buy signal. In this case, 59.61, 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 FSS slightly near 59.61, target 59.12, Stop Loss @ 59.75. Details
The technical summary data is suggesting a short of FSS if it tests 59.61 with a downside target of 59.12. We should have a stop loss in place at 59.75 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, 59.61, 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 Federal Signal (FSS) available here: FSS.
FSS Ratings for September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
58.21 |
| P2 |
58.91 |
59.12 |
62.53 |
| P3 |
59.61 |
60.64 |
66.94 |
AI Generated Signals for FSS
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 Federal Signal (NYSE: FSS) data table below can help you with price action, and we have more details too. Trading plans for FSS 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 FSS:
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