Trading (SCL) With Integrated Risk Controls
March 05, 2024, 00:00 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SCL
- Buy SCL slightly over 82.81 target 92.49 stop loss @ 82.57 Details
The technical summary data tells us to buy SCL near 82.81 with an upside target of 92.49. This data also tells us to set a stop loss @ 82.57 to protect against excessive loss in case the stock begins to move against the trade. 82.81 is the first level of support below 87.29 , and by rule, any test of support is a buy signal. In this case, support 82.81 is being tested, a buy signal would exist.
- Short SCL slightly under 92.49, target 82.81, stop loss @ 92.76 Details
The technical summary data is suggesting a short of SCL as it gets near 92.49 with a downside target of 82.81. We should have a stop loss in place at 92.76though. 92.49 is the first level of resistance above 87.29, and by rule, any test of resistance is a short signal. In this case, if resistance 92.49 is being tested, a short signal would exist.
Swing Trading Plans for SCL
- Buy SCL slightly over 88.98, target 92.49, Stop Loss @ 88.72 Details
If 88.98 begins to break higher, the technical summary data tells us to buy SCL just slightly over 88.98, with an upside target of 92.49. The data also tells us to set a stop loss @ 88.72 in case the stock turns against the trade. 88.98 is the first level of resistance above 87.29, and by rule, any break above resistance is a buy signal. In this case, 88.98, 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 SCL slightly near 88.98, target 86.47, Stop Loss @ 89.24. Details
The technical summary data is suggesting a short of SCL if it tests 88.98 with a downside target of 86.47. We should have a stop loss in place at 89.24 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, 88.98, 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 SCL
- Buy SCL slightly over 87.63, target 88.98, Stop Loss @ 87.43 Details
If 87.63 begins to break higher, the technical summary data tells us to buy SCL just slightly over 87.63, with an upside target of 88.98. The data also tells us to set a stop loss @ 87.43 in case the stock turns against the trade. 87.63 is the first level of resistance above 87.29, and by rule, any break above resistance is a buy signal. In this case, 87.63, 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 SCL slightly near 87.63, target 86.72, Stop Loss @ 87.83. Details
The technical summary data is suggesting a short of SCL if it tests 87.63 with a downside target of 86.72. We should have a stop loss in place at 87.83 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, 87.63, 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 Stepan Company (SCL) available here: SCL.
SCL Ratings for March 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
72.61 |
| P2 |
86.72 |
86.47 |
82.81 |
| P3 |
87.63 |
88.98 |
92.49 |
AI Generated Signals for SCL
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Stepan Company (NYSE: SCL) report below can help you, but we have more details too. The trading plans for SCL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for SCL:
pool ads
