How the price action of Mohawk Industries ($MHK) is used to our Advantage
September 19, 2023, 08:30 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MHK
- Buy MHK slightly over 91.71 target 101.91 stop loss @ 91.45 Details
The technical summary data tells us to buy MHK near 91.71 with an upside target of 101.91. This data also tells us to set a stop loss @ 91.45 to protect against excessive loss in case the stock begins to move against the trade. 91.71 is the first level of support below 92.11 , and by rule, any test of support is a buy signal. In this case, support 91.71 would be being tested, so a buy signal would exist.
- Short MHK slightly under 101.91, target 91.71, stop loss @ 102.2 Details
The technical summary data is suggesting a short of MHK as it gets near 101.91 with a downside target of 91.71. We should have a stop loss in place at 102.2though. 101.91 is the first level of resistance above 92.11, and by rule, any test of resistance is a short signal. In this case, if resistance 101.91 is being tested, so a short signal would exist.
Swing Trading Plans for MHK
- Buy MHK slightly over 95.93, target 101.91, Stop Loss @ 95.65 Details
If 95.93 begins to break higher, the technical summary data tells us to buy MHK just slightly over 95.93, with an upside target of 101.91. The data also tells us to set a stop loss @ 95.65 in case the stock turns against the trade. 95.93 is the first level of resistance above 92.11, and by rule, any break above resistance is a buy signal. In this case, 95.93, 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 MHK slightly near 95.93, target 91.71, Stop Loss @ 96.21. Details
The technical summary data is suggesting a short of MHK if it tests 95.93 with a downside target of 91.71. We should have a stop loss in place at 96.21 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, 95.93, 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 MHK
- Buy MHK slightly over 93.99, target 95.93, Stop Loss @ 93.77 Details
If 93.99 begins to break higher, the technical summary data tells us to buy MHK just slightly over 93.99, with an upside target of 95.93. The data also tells us to set a stop loss @ 93.77 in case the stock turns against the trade. 93.99 is the first level of resistance above 92.11, and by rule, any break above resistance is a buy signal. In this case, 93.99, 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 MHK slightly near 93.99, target 92.11, Stop Loss @ 94.21. Details
The technical summary data is suggesting a short of MHK if it tests 93.99 with a downside target of 92.11. We should have a stop loss in place at 94.21 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, 93.99, 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 Mohawk Industries (MHK) available here: MHK.
MHK Ratings for September 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
91.71 |
| P2 |
92.11 |
91.04 |
101.91 |
| P3 |
93.99 |
95.93 |
112.96 |
AI Generated Signals for MHK
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 Mohawk Industries (NYSE: MHK) data table below can help you with price action, and we have more details too. Trading plans for MHK 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 MHK:
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