How the (WSM) price action is used to our Advantage
September 17, 2024, 08:24 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WSM
- Buy WSM slightly over 140.59 target 161.68 stop loss @ 140.18 Details
The technical summary data tells us to buy WSM near 140.59 with an upside target of 161.68. This data also tells us to set a stop loss @ 140.18 to protect against excessive loss in case the stock begins to move against the trade. 140.59 is the first level of support below 147.981 , and by rule, any test of support is a buy signal. In this case, support 140.59 would be being tested, so a buy signal would exist.
- Short WSM slightly under 161.68, target 140.59, stop loss @ 162.15 Details
The technical summary data is suggesting a short of WSM as it gets near 161.68 with a downside target of 140.59. We should have a stop loss in place at 162.15though. 161.68 is the first level of resistance above 147.981, and by rule, any test of resistance is a short signal. In this case, if resistance 161.68 is being tested, so a short signal would exist.
Swing Trading Plans for WSM
- Buy WSM slightly over 161.68, target 184.38, Stop Loss @ 161.21 Details
If 161.68 begins to break higher, the technical summary data tells us to buy WSM just slightly over 161.68, with an upside target of 184.38. The data also tells us to set a stop loss @ 161.21 in case the stock turns against the trade. 161.68 is the first level of resistance above 147.981, and by rule, any break above resistance is a buy signal. In this case, 161.68, 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 WSM slightly near 161.68, target 144.06, Stop Loss @ 162.15. Details
The technical summary data is suggesting a short of WSM if it tests 161.68 with a downside target of 144.06. We should have a stop loss in place at 162.15 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, 161.68, 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 WSM
- Buy WSM slightly over 149.43, target 161.68, Stop Loss @ 149.08 Details
If 149.43 begins to break higher, the technical summary data tells us to buy WSM just slightly over 149.43, with an upside target of 161.68. The data also tells us to set a stop loss @ 149.08 in case the stock turns against the trade. 149.43 is the first level of resistance above 147.981, and by rule, any break above resistance is a buy signal. In this case, 149.43, 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 WSM slightly near 149.43, target 144.74, Stop Loss @ 149.78. Details
The technical summary data is suggesting a short of WSM if it tests 149.43 with a downside target of 144.74. We should have a stop loss in place at 149.78 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, 149.43, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Williams-sonoma Inc. (de) (WSM) available here: WSM.
WSM Ratings for September 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
140.59 |
| P2 |
144.74 |
135.13 |
161.68 |
| P3 |
149.43 |
144.06 |
184.38 |
AI Generated Signals for WSM
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 Williams-sonoma Inc. (de) (NYSE: WSM) data table below can help you with price action, and we have more details too. Trading plans for WSM 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 WSM:
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