How the price action of Pool ($POOL) is used to our Advantage
March 30, 2023, 08:00 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for POOL
- Buy POOL slightly over 306.73 target 350.98 stop loss @ 305.84 Details
The technical summary data tells us to buy POOL near 306.73 with an upside target of 350.98. This data also tells us to set a stop loss @ 305.84 to protect against excessive loss in case the stock begins to move against the trade. 306.73 is the first level of support below 337.38 , and by rule, any test of support is a buy signal. In this case, support 306.73 is being tested, a buy signal would exist.
- Short POOL slightly under 350.98, target 306.73, stop loss @ 351.99 Details
The technical summary data is suggesting a short of POOL as it gets near 350.98 with a downside target of 306.73. We should have a stop loss in place at 351.99though. 350.98 is the first level of resistance above 337.38, and by rule, any test of resistance is a short signal. In this case, if resistance 350.98 is being tested, a short signal would exist.
Swing Trading Plans for POOL
- Buy POOL slightly over 339.25, target 350.98, Stop Loss @ 338.27 Details
If 339.25 begins to break higher, the technical summary data tells us to buy POOL just slightly over 339.25, with an upside target of 350.98. The data also tells us to set a stop loss @ 338.27 in case the stock turns against the trade. 339.25 is the first level of resistance above 337.38, and by rule, any break above resistance is a buy signal. In this case, 339.25, 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 POOL slightly near 339.25, target 327.86, Stop Loss @ 340.23. Details
The technical summary data is suggesting a short of POOL if it tests 339.25 with a downside target of 327.86. We should have a stop loss in place at 340.23 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, 339.25, 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 POOL
- Buy POOL slightly over 339.25, target 350.98, Stop Loss @ 338.46 Details
If 339.25 begins to break higher, the technical summary data tells us to buy POOL just slightly over 339.25, with an upside target of 350.98. The data also tells us to set a stop loss @ 338.46 in case the stock turns against the trade. 339.25 is the first level of resistance above 337.38, and by rule, any break above resistance is a buy signal. In this case, 339.25, 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 POOL slightly near 339.25, target 333.40, Stop Loss @ 340.04. Details
The technical summary data is suggesting a short of POOL if it tests 339.25 with a downside target of 333.40. We should have a stop loss in place at 340.04 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, 339.25, 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 Pool (POOL) available here: POOL.
POOL Ratings for March 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
264.93 |
| P2 |
324.56 |
327.86 |
306.73 |
| P3 |
333.40 |
339.25 |
350.98 |
AI Generated Signals for POOL
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 Pool (NASDAQ: POOL) data table below can help you with price action, and we have more details too. Trading plans for POOL 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 POOL:
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