How the price action of Waters ($WAT) is used to our Advantage
November 09, 2023, 03:45 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WAT
- Buy WAT slightly over 254.79 target 279.19 stop loss @ 254.05 Details
The technical summary data tells us to buy WAT near 254.79 with an upside target of 279.19. This data also tells us to set a stop loss @ 254.05 to protect against excessive loss in case the stock begins to move against the trade. 254.79 is the first level of support below 255.82 , and by rule, any test of support is a buy signal. In this case, support 254.79 is being tested, a buy signal would exist.
- Short WAT slightly under 279.19, target 254.79, stop loss @ 280 Details
The technical summary data is suggesting a short of WAT as it gets near 279.19 with a downside target of 254.79. We should have a stop loss in place at 280though. 279.19 is the first level of resistance above 255.82, and by rule, any test of resistance is a short signal. In this case, if resistance 279.19 is being tested, a short signal would exist.
Swing Trading Plans for WAT
- Buy WAT slightly over 279.19, target n/a, Stop Loss @ 278.38 Details
If 279.19 begins to break higher, the technical summary data tells us to buy WAT just slightly over 279.19, with an upside target of n/a. The data also tells us to set a stop loss @ 278.38 in case the stock turns against the trade. 279.19 is the first level of resistance above 255.82, and by rule, any break above resistance is a buy signal. In this case, 279.19, 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 WAT slightly near 279.19, target 254.79, Stop Loss @ 280. Details
The technical summary data is suggesting a short of WAT if it tests 279.19 with a downside target of 254.79. We should have a stop loss in place at 280 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, 279.19, 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 WAT
- Buy WAT slightly over 260.81, target 279.19, Stop Loss @ 260.2 Details
If 260.81 begins to break higher, the technical summary data tells us to buy WAT just slightly over 260.81, with an upside target of 279.19. The data also tells us to set a stop loss @ 260.2 in case the stock turns against the trade. 260.81 is the first level of resistance above 255.82, and by rule, any break above resistance is a buy signal. In this case, 260.81, 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 WAT slightly near 260.81, target 254.79, Stop Loss @ 261.42. Details
The technical summary data is suggesting a short of WAT if it tests 260.81 with a downside target of 254.79. We should have a stop loss in place at 261.42 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, 260.81, 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 Waters (WAT) available here: WAT.
WAT Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
230.65 |
| P2 |
248.40 |
239.25 |
254.79 |
| P3 |
260.81 |
253.36 |
279.19 |
AI Generated Signals for WAT
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 Waters (NYSE: WAT) data table below can help you with price action, and we have more details too. Trading plans for WAT 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 WAT:
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