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How the (WSM) price action is used to our Advantage

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
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AI Generated Signals for WSM

WSM Long Term Analysis for September 17 2024

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.