Benchmark Electronics BHE Proactive Strategies

Source: Stock Traders Daily

Longer Term Trading Plans for BHE
  • Buy BHE over 25.29 target n/a stop loss @ 25.22. Details
  • The technical summary data tells us to buy BHE near 25.29, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 25.22 to protect against excessive loss in case the stock begins to move against the trade. 25.29 is the first level of support below 26.73, and by rule, any test of support is a buy signal. In this case, if support 25.29 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BHE
  • Buy BHE over 26.96, target n/a, Stop Loss @ 26.88 Details
  • If 26.96 begins to break higher, the technical summary data tells us to buy BHE just over 26.96, with an upside target of n/a. The data also tells us to set a stop loss @ 26.88 in case the stock turns against the trade. 26.96 is the first level of resistance above 26.73, and by rule, any break above resistance is a buy signal. In this case, 26.96, 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 BHE near 26.96, target 25.83, Stop Loss @ 27.04. Details
  • The technical summary data is suggesting a short of BHE if it tests 26.96 with a downside target of 25.83. We should have a stop loss in place at 27.04 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, 26.96, 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 BHE
  • Buy BHE over 26.96, target 27.44, Stop Loss @ 26.9 Details
  • If 26.96 begins to break higher, the technical summary data tells us to buy BHE just over 26.96, with an upside target of 27.44. The data also tells us to set a stop loss @ 26.9 in case the stock turns against the trade. 26.96 is the first level of resistance above 26.73, and by rule, any break above resistance is a buy signal. In this case, 26.96, 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 BHE near 26.96, target 26.59, Stop Loss @ 27.02. Details
  • The technical summary data is suggesting a short of BHE if it tests 26.96 with a downside target of 26.59. We should have a stop loss in place at 27.02 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, 26.96, 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.

BHE Ratings for August 05:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 22.13
P2 26.59 25.83 23.80
P3 27.44 26.96 25.29

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BHE Long Term Analysis for August 5 2022


BHE Swing Trading Analysis for August 5 2022


BHE Day Trading Analysis for August 5 2022

Don't over think it!  Trading Benchmark Electronics (NYSE: BHE) 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 BHE 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 BHE 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.

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