March 18, 2025, 14:24 pm ET, BY Rick W. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SSD
- Buy SSD near 156.71 target 171.18 stop loss @ 156.26 Details
The technical summary data tells us to buy SSD near 156.71 with an upside target of 171.18. This data also tells us to set a stop loss @ 156.26 to protect against excessive loss in case the stock begins to move against the trade. 156.71 is the first level of support below 159.01 , and by rule, any test of support is a buy signal. In this case, support 156.71 would be being tested, so a buy signal would exist.
- Short SSD slightly under 171.18, target 156.71, stop loss @ 171.67 Details
The technical summary data is suggesting a short of SSD as it gets near 171.18 with a downside target of 156.71. We should have a stop loss in place at 171.67though. 171.18 is the first level of resistance above 159.01, and by rule, any test of resistance is a short signal. In this case, if resistance 171.18 is being tested, so a short signal would exist.
Swing Trading Plans for SSD
- Buy SSD slightly over 161.07, target 171.18, Stop Loss @ 160.6 Details
If 161.07 begins to break higher, the technical summary data tells us to buy SSD just slightly over 161.07, with an upside target of 171.18. The data also tells us to set a stop loss @ 160.6 in case the stock turns against the trade. 161.07 is the first level of resistance above 159.01, and by rule, any break above resistance is a buy signal. In this case, 161.07, 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 SSD slightly near 161.07, target 156.71, Stop Loss @ 161.54. Details
The technical summary data is suggesting a short of SSD if it tests 161.07 with a downside target of 156.71. We should have a stop loss in place at 161.54 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, 161.07, 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 SSD
- Buy SSD slightly over 159.4, target 161.07, Stop Loss @ 159.03 Details
If 159.4 begins to break higher, the technical summary data tells us to buy SSD just slightly over 159.4, with an upside target of 161.07. The data also tells us to set a stop loss @ 159.03 in case the stock turns against the trade. 159.4 is the first level of resistance above 159.01, and by rule, any break above resistance is a buy signal. In this case, 159.4, 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 SSD slightly near 159.4, target 156.71, Stop Loss @ 159.77. Details
The technical summary data is suggesting a short of SSD if it tests 159.4 with a downside target of 156.71. We should have a stop loss in place at 159.77 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, 159.4, 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 Simpson Manufacturing Company Inc. (SSD) available here: SSD.
SSD Ratings for March 18:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Neutral |
P1 |
0 |
0 |
156.71 |
P2 |
154.88 |
154.42 |
171.18 |
P3 |
159.4 |
161.07 |
185.88 |
AI Generated Signals for SSD
Blue = Current Price
Red = Resistance
Green = Support
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