Trading Constellation Brands Inc. $STZ With Integrated Risk Controls
November 17, 2023, 18:30 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for STZ
- Buy STZ slightly over 232.99 target 250.96 stop loss @ 232.32 Details
The technical summary data tells us to buy STZ near 232.99 with an upside target of 250.96. This data also tells us to set a stop loss @ 232.32 to protect against excessive loss in case the stock begins to move against the trade. 232.99 is the first level of support below 236.26 , and by rule, any test of support is a buy signal. In this case, support 232.99 would be being tested, so a buy signal would exist.
- Short STZ slightly under 250.96, target 232.99, stop loss @ 251.68 Details
The technical summary data is suggesting a short of STZ as it gets near 250.96 with a downside target of 232.99. We should have a stop loss in place at 251.68though. 250.96 is the first level of resistance above 236.26, and by rule, any test of resistance is a short signal. In this case, if resistance 250.96 is being tested, so a short signal would exist.
Swing Trading Plans for STZ
- Buy STZ slightly over 237.43, target 243.33, Stop Loss @ 236.74 Details
If 237.43 begins to break higher, the technical summary data tells us to buy STZ just slightly over 237.43, with an upside target of 243.33. The data also tells us to set a stop loss @ 236.74 in case the stock turns against the trade. 237.43 is the first level of resistance above 236.26, and by rule, any break above resistance is a buy signal. In this case, 237.43, 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 STZ slightly near 237.43, target 232.99, Stop Loss @ 238.12. Details
The technical summary data is suggesting a short of STZ if it tests 237.43 with a downside target of 232.99. We should have a stop loss in place at 238.12 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, 237.43, 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 STZ
- Buy STZ slightly over 236.99, target 237.43, Stop Loss @ 236.44 Details
If 236.99 begins to break higher, the technical summary data tells us to buy STZ just slightly over 236.99, with an upside target of 237.43. The data also tells us to set a stop loss @ 236.44 in case the stock turns against the trade. 236.99 is the first level of resistance above 236.26, and by rule, any break above resistance is a buy signal. In this case, 236.99, 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 STZ slightly near 236.99, target 232.99, Stop Loss @ 237.54. Details
The technical summary data is suggesting a short of STZ if it tests 236.99 with a downside target of 232.99. We should have a stop loss in place at 237.54 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, 236.99, 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 Constellation Brands Inc. (STZ) available here: STZ.
STZ Ratings for November 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
232.99 |
| P2 |
236.99 |
237.43 |
250.96 |
| P3 |
240.2 |
243.33 |
268.55 |
AI Generated Signals for STZ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for STZ:
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