Trading (MATX) With Integrated Risk Controls
February 21, 2024, 21:02 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MATX
- Buy MATX slightly over 113.94 target 122.52 stop loss @ 113.61 Details
The technical summary data tells us to buy MATX near 113.94 with an upside target of 122.52. This data also tells us to set a stop loss @ 113.61 to protect against excessive loss in case the stock begins to move against the trade. 113.94 is the first level of support below 114.2 , and by rule, any test of support is a buy signal. In this case, support 113.94 is being tested, a buy signal would exist.
- Short MATX slightly under 122.52, target 113.94, stop loss @ 122.87 Details
The technical summary data is suggesting a short of MATX as it gets near 122.52 with a downside target of 113.94. We should have a stop loss in place at 122.87though. 122.52 is the first level of resistance above 114.2, and by rule, any test of resistance is a short signal. In this case, if resistance 122.52 is being tested, a short signal would exist.
Swing Trading Plans for MATX
- Buy MATX slightly over 115, target 122.52, Stop Loss @ 114.67 Details
If 115 begins to break higher, the technical summary data tells us to buy MATX just slightly over 115, with an upside target of 122.52. The data also tells us to set a stop loss @ 114.67 in case the stock turns against the trade. 115 is the first level of resistance above 114.2, and by rule, any break above resistance is a buy signal. In this case, 115, 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 MATX slightly near 115, target 113.94, Stop Loss @ 115.33. Details
The technical summary data is suggesting a short of MATX if it tests 115 with a downside target of 113.94. We should have a stop loss in place at 115.33 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, 115, 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 MATX
- Buy MATX slightly over 115, target 122.52, Stop Loss @ 114.73 Details
If 115 begins to break higher, the technical summary data tells us to buy MATX just slightly over 115, with an upside target of 122.52. The data also tells us to set a stop loss @ 114.73 in case the stock turns against the trade. 115 is the first level of resistance above 114.2, and by rule, any break above resistance is a buy signal. In this case, 115, 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 MATX slightly near 115, target 113.94, Stop Loss @ 115.27. Details
The technical summary data is suggesting a short of MATX if it tests 115 with a downside target of 113.94. We should have a stop loss in place at 115.27 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, 115, 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 Matson Inc. (MATX) available here: MATX.
MATX Ratings for February 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
105.86 |
| P2 |
110.08 |
115 |
113.94 |
| P3 |
114.83 |
122.95 |
122.52 |
AI Generated Signals for MATX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MATX:
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