(POOL) Proactive Strategies

October 30, 2024, 06:50 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for POOL

• Buy POOL near 353.51 target 385.78 stop loss @ 352.49 Details

The technical summary data tells us to buy POOL near 353.51 with an upside target of 385.78. This data also tells us to set a stop loss @ 352.49 to protect against excessive loss in case the stock begins to move against the trade. 353.51 is the first level of support below 362.36 , and by rule, any test of support is a buy signal. In this case, support 353.51 is being tested, a buy signal would exist.

• Short POOL slightly under 385.78, target 353.51, stop loss @ 386.89 Details

The technical summary data is suggesting a short of POOL as it gets near 385.78 with a downside target of 353.51. We should have a stop loss in place at 386.89though. 385.78 is the first level of resistance above 362.36, and by rule, any test of resistance is a short signal. In this case, if resistance 385.78 is being tested, a short signal would exist.

Swing Trading Plans for POOL

• Buy POOL slightly over 372.85, target 385.78, Stop Loss @ 371.77 Details

If 372.85 begins to break higher, the technical summary data tells us to buy POOL just slightly over 372.85, with an upside target of 385.78. The data also tells us to set a stop loss @ 371.77 in case the stock turns against the trade. 372.85 is the first level of resistance above 362.36, and by rule, any break above resistance is a buy signal. In this case, 372.85, 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 372.85, target 355.69, Stop Loss @ 373.93. Details

The technical summary data is suggesting a short of POOL if it tests 372.85 with a downside target of 355.69. We should have a stop loss in place at 373.93 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, 372.85, 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 362.55, target 372.85, Stop Loss @ 361.7 Details

If 362.55 begins to break higher, the technical summary data tells us to buy POOL just slightly over 362.55, with an upside target of 372.85. The data also tells us to set a stop loss @ 361.7 in case the stock turns against the trade. 362.55 is the first level of resistance above 362.36, and by rule, any break above resistance is a buy signal. In this case, 362.55, 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 362.55, target 355.69, Stop Loss @ 363.4. Details

The technical summary data is suggesting a short of POOL if it tests 362.55 with a downside target of 355.69. We should have a stop loss in place at 363.4 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, 362.55, 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 October 30:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	320.39
P2	362.55	355.69	353.51
P3	378.97	372.85	385.78

AI Generated Signals for POOL

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Don't over think it!  Trading Pool Corporation (NASDAQ: POOL) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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.

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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.