(POOL) Pivots Trading Plans and Risk Controls

November 20, 2024, 18:42 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for POOL

• Buy POOL near 349.26 target 379.16 stop loss @ 348.25 Details

The technical summary data tells us to buy POOL near 349.26 with an upside target of 379.16. This data also tells us to set a stop loss @ 348.25 to protect against excessive loss in case the stock begins to move against the trade. 349.26 is the first level of support below 360.98 , and by rule, any test of support is a buy signal. In this case, support 349.26 is being tested, a buy signal would exist.

• Short POOL slightly under 379.16, target 349.26, stop loss @ 380.26 Details

The technical summary data is suggesting a short of POOL as it gets near 379.16 with a downside target of 349.26. We should have a stop loss in place at 380.26though. 379.16 is the first level of resistance above 360.98, and by rule, any test of resistance is a short signal. In this case, if resistance 379.16 is being tested, a short signal would exist.

Swing Trading Plans for POOL

• Buy POOL slightly over 365.29, target 379.16, Stop Loss @ 364.24 Details

If 365.29 begins to break higher, the technical summary data tells us to buy POOL just slightly over 365.29, with an upside target of 379.16. The data also tells us to set a stop loss @ 364.24 in case the stock turns against the trade. 365.29 is the first level of resistance above 360.98, and by rule, any break above resistance is a buy signal. In this case, 365.29, 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 POOL slightly near 365.29, target 351.5, Stop Loss @ 366.34. Details

The technical summary data is suggesting a short of POOL if it tests 365.29 with a downside target of 351.5. We should have a stop loss in place at 366.34 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, 365.29, 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 POOL

• Buy POOL slightly over 362.51, target 365.29, Stop Loss @ 361.66 Details

If 362.51 begins to break higher, the technical summary data tells us to buy POOL just slightly over 362.51, with an upside target of 365.29. The data also tells us to set a stop loss @ 361.66 in case the stock turns against the trade. 362.51 is the first level of resistance above 360.98, and by rule, any break above resistance is a buy signal. In this case, 362.51, 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 POOL slightly near 362.51, target 357.44, Stop Loss @ 363.36. Details

The technical summary data is suggesting a short of POOL if it tests 362.51 with a downside target of 357.44. We should have a stop loss in place at 363.36 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, 362.51, 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 Pool Corporation (POOL) available here: POOL.

POOL Ratings for November 20:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	318.15
P2	357.44	351.5	349.26
P3	362.51	365.29	379.16

AI Generated Signals for POOL

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This Pool Corporation (NASDAQ: POOL) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for POOL 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 POOL 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 POOL too.  All of these are offered below the Summary Table.