How to Take Advantage of moves in (SPSC)

December 27, 2023, 07:30 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPSC

• Buy SPSC slightly over 186.54 target 202.34 stop loss @ 186 Details

The technical summary data tells us to buy SPSC near 186.54 with an upside target of 202.34. This data also tells us to set a stop loss @ 186 to protect against excessive loss in case the stock begins to move against the trade. 186.54 is the first level of support below 197.09 , and by rule, any test of support is a buy signal. In this case, support 186.54 is being tested, a buy signal would exist.

• Short SPSC slightly under 202.34, target 186.54, stop loss @ 202.92 Details

The technical summary data is suggesting a short of SPSC as it gets near 202.34 with a downside target of 186.54. We should have a stop loss in place at 202.92though. 202.34 is the first level of resistance above 197.09, and by rule, any test of resistance is a short signal. In this case, if resistance 202.34 is being tested, a short signal would exist.

Swing Trading Plans for SPSC

• Buy SPSC slightly over 197.72, target 202.34, Stop Loss @ 197.15 Details

If 197.72 begins to break higher, the technical summary data tells us to buy SPSC just slightly over 197.72, with an upside target of 202.34. The data also tells us to set a stop loss @ 197.15 in case the stock turns against the trade. 197.72 is the first level of resistance above 197.09, and by rule, any break above resistance is a buy signal. In this case, 197.72, 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 SPSC slightly near 197.72, target 191.6, Stop Loss @ 198.29. Details

The technical summary data is suggesting a short of SPSC if it tests 197.72 with a downside target of 191.6. We should have a stop loss in place at 198.29 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, 197.72, 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 SPSC

• Buy SPSC slightly over 197.72, target 202.34, Stop Loss @ 197.26 Details

If 197.72 begins to break higher, the technical summary data tells us to buy SPSC just slightly over 197.72, with an upside target of 202.34. The data also tells us to set a stop loss @ 197.26 in case the stock turns against the trade. 197.72 is the first level of resistance above 197.09, and by rule, any break above resistance is a buy signal. In this case, 197.72, 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 SPSC slightly near 197.72, target 196.26, Stop Loss @ 198.18. Details

The technical summary data is suggesting a short of SPSC if it tests 197.72 with a downside target of 196.26. We should have a stop loss in place at 198.18 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, 197.72, 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 Sps Commerce Inc. (SPSC) available here: SPSC.

SPSC Ratings for December 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	170.89
P2	191.74	191.6	186.54
P3	196.26	197.72	202.34

AI Generated Signals for SPSC

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This Sps Commerce Inc. (NASDAQ: SPSC) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPSC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPSC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPSC too.  All of these are offered below the Summary Table.