When the Price of (MANH) Talks, People Listen
May 18, 2024, 11:14 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MANH
- Buy MANH slightly over 224.08 target 243.06 stop loss @ 223.43 Details
The technical summary data tells us to buy MANH near 224.08 with an upside target of 243.06. This data also tells us to set a stop loss @ 223.43 to protect against excessive loss in case the stock begins to move against the trade. 224.08 is the first level of support below 228.78 , and by rule, any test of support is a buy signal. In this case, support 224.08 would be being tested, so a buy signal would exist.
- Short MANH slightly under 243.06, target 224.08, stop loss @ 243.76 Details
The technical summary data is suggesting a short of MANH as it gets near 243.06 with a downside target of 224.08. We should have a stop loss in place at 243.76though. 243.06 is the first level of resistance above 228.78, and by rule, any test of resistance is a short signal. In this case, if resistance 243.06 is being tested, so a short signal would exist.
Swing Trading Plans for MANH
- Buy MANH slightly over 243.06, target 262.06, Stop Loss @ 242.36 Details
If 243.06 begins to break higher, the technical summary data tells us to buy MANH just slightly over 243.06, with an upside target of 262.06. The data also tells us to set a stop loss @ 242.36 in case the stock turns against the trade. 243.06 is the first level of resistance above 228.78, and by rule, any break above resistance is a buy signal. In this case, 243.06, 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 MANH slightly near 243.06, target 224.89, Stop Loss @ 243.76. Details
The technical summary data is suggesting a short of MANH if it tests 243.06 with a downside target of 224.89. We should have a stop loss in place at 243.76 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, 243.06, 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 MANH
- Buy MANH slightly over 243.06, target 262.06, Stop Loss @ 242.49 Details
If 243.06 begins to break higher, the technical summary data tells us to buy MANH just slightly over 243.06, with an upside target of 262.06. The data also tells us to set a stop loss @ 242.49 in case the stock turns against the trade. 243.06 is the first level of resistance above 228.78, and by rule, any break above resistance is a buy signal. In this case, 243.06, 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 MANH slightly near 243.06, target 225.65, Stop Loss @ 243.63. Details
The technical summary data is suggesting a short of MANH if it tests 243.06 with a downside target of 225.65. We should have a stop loss in place at 243.63 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, 243.06, 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 Manhattan Associates Inc. (MANH) available here: MANH.
MANH Ratings for May 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
224.08 |
| P2 |
220.44 |
220.12 |
243.06 |
| P3 |
225.65 |
224.89 |
262.06 |
AI Generated Signals for MANH
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Manhattan Associates Inc. (NASDAQ: MANH) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MANH can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MANH:
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