(CPK) Investment Analysis and Advice

October 10, 2024, 01:00 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CPK

• Buy CPK near 113.66 target 119.5 stop loss @ 113.33 Details

The technical summary data tells us to buy CPK near 113.66 with an upside target of 119.5. This data also tells us to set a stop loss @ 113.33 to protect against excessive loss in case the stock begins to move against the trade. 113.66 is the first level of support below 116.77 , and by rule, any test of support is a buy signal. In this case, support 113.66 would be being tested, so a buy signal would exist.

• Short CPK slightly under 119.5, target 113.66, stop loss @ 119.85 Details

The technical summary data is suggesting a short of CPK as it gets near 119.5 with a downside target of 113.66. We should have a stop loss in place at 119.85though. 119.5 is the first level of resistance above 116.77, and by rule, any test of resistance is a short signal. In this case, if resistance 119.5 is being tested, so a short signal would exist.

Swing Trading Plans for CPK

• Buy CPK slightly over 117.48, target 119.5, Stop Loss @ 117.14 Details

If 117.48 begins to break higher, the technical summary data tells us to buy CPK just slightly over 117.48, with an upside target of 119.5. The data also tells us to set a stop loss @ 117.14 in case the stock turns against the trade. 117.48 is the first level of resistance above 116.77, and by rule, any break above resistance is a buy signal. In this case, 117.48, 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 CPK slightly near 117.48, target 113.66, Stop Loss @ 117.82. Details

The technical summary data is suggesting a short of CPK if it tests 117.48 with a downside target of 113.66. We should have a stop loss in place at 117.82 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, 117.48, 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 CPK

• Buy CPK slightly over 117.48, target 118.02, Stop Loss @ 117.21 Details

If 117.48 begins to break higher, the technical summary data tells us to buy CPK just slightly over 117.48, with an upside target of 118.02. The data also tells us to set a stop loss @ 117.21 in case the stock turns against the trade. 117.48 is the first level of resistance above 116.77, and by rule, any break above resistance is a buy signal. In this case, 117.48, 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 CPK slightly near 117.48, target 116.36, Stop Loss @ 117.75. Details

The technical summary data is suggesting a short of CPK if it tests 117.48 with a downside target of 116.36. We should have a stop loss in place at 117.75 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, 117.48, 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 Chesapeake Utilities Corporation (CPK) available here: CPK.

CPK Ratings for October 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	113.66
P2	116.36	117.48	119.5
P3	118.02	120.23	125.02

AI Generated Signals for CPK

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Prudent Investment Analysis requires observations of the support and resistance levels for Chesapeake Utilities Corporation (NYSE: CPK) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CPK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CPK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CPK too.  All of these are offered below the Summary Table.