Trading (WOR) With Integrated Risk Controls
December 29, 2023, 19:10 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WOR
- Buy WOR slightly over 56.26 target 64.84 stop loss @ 56.1 Details
The technical summary data tells us to buy WOR near 56.26 with an upside target of 64.84. This data also tells us to set a stop loss @ 56.1 to protect against excessive loss in case the stock begins to move against the trade. 56.26 is the first level of support below 57.55 , and by rule, any test of support is a buy signal. In this case, support 56.26 would be being tested, so a buy signal would exist.
- Short WOR slightly under 64.84, target 56.26, stop loss @ 65.03 Details
The technical summary data is suggesting a short of WOR as it gets near 64.84 with a downside target of 56.26. We should have a stop loss in place at 65.03though. 64.84 is the first level of resistance above 57.55, and by rule, any test of resistance is a short signal. In this case, if resistance 64.84 is being tested, so a short signal would exist.
Swing Trading Plans for WOR
- Buy WOR slightly over 58.66, target 61.03, Stop Loss @ 58.49 Details
If 58.66 begins to break higher, the technical summary data tells us to buy WOR just slightly over 58.66, with an upside target of 61.03. The data also tells us to set a stop loss @ 58.49 in case the stock turns against the trade. 58.66 is the first level of resistance above 57.55, and by rule, any break above resistance is a buy signal. In this case, 58.66, 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 WOR slightly near 58.66, target 56.26, Stop Loss @ 58.83. Details
The technical summary data is suggesting a short of WOR if it tests 58.66 with a downside target of 56.26. We should have a stop loss in place at 58.83 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, 58.66, 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 WOR
- Buy WOR slightly over 58.23, target 58.66, Stop Loss @ 58.09 Details
If 58.23 begins to break higher, the technical summary data tells us to buy WOR just slightly over 58.23, with an upside target of 58.66. The data also tells us to set a stop loss @ 58.09 in case the stock turns against the trade. 58.23 is the first level of resistance above 57.55, and by rule, any break above resistance is a buy signal. In this case, 58.23, 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 WOR slightly near 58.23, target 56.26, Stop Loss @ 58.37. Details
The technical summary data is suggesting a short of WOR if it tests 58.23 with a downside target of 56.26. We should have a stop loss in place at 58.37 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, 58.23, 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 Worthington Industries Inc. (WOR) available here: WOR.
WOR Ratings for December 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
56.26 |
| P2 |
58.23 |
58.66 |
64.84 |
| P3 |
59.38 |
61.03 |
73.11 |
AI Generated Signals for WOR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for WOR:
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