Benchmark Electronics BHE Trading Signals

Source: Stock Traders Daily

Longer Term Trading Plans for BHE
  • Buy BHE over 24.02 target 25.86 stop loss @ 23.95 Details
  • The technical summary data tells us to buy BHE near 24.02 with an upside target of 25.86. This data also tells us to set a stop loss @ 23.95 to protect against excessive loss in case the stock begins to move against the trade. 24.02 is the first level of support below 24.06 , and by rule, any test of support is a buy signal. In this case, support 24.02 is being tested, a buy signal would exist.

  • Short BHE under 25.86, target 24.02, stop loss @ 25.93 Details
  • The technical summary data is suggesting a short of BHE as it gets near 25.86 with a downside target of 24.02. We should have a stop loss in place at 25.93though. 25.86 is the first level of resistance above 24.06, and by rule, any test of resistance is a short signal. In this case, if resistance 25.86 is being tested, a short signal would exist.

Swing Trading Plans for BHE
  • Buy BHE over 24.72, target 25.86, Stop Loss @ 24.65 Details
  • If 24.72 begins to break higher, the technical summary data tells us to buy BHE just over 24.72, with an upside target of 25.86. The data also tells us to set a stop loss @ 24.65 in case the stock turns against the trade. 24.72 is the first level of resistance above 24.06, and by rule, any break above resistance is a buy signal. In this case, 24.72, 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 24.72, target 24.02, Stop Loss @ 24.79. Details
  • The technical summary data is suggesting a short of BHE if it tests 24.72 with a downside target of 24.02. We should have a stop loss in place at 24.79 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, 24.72, 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 24.47, target 24.72, Stop Loss @ 24.41 Details
  • If 24.47 begins to break higher, the technical summary data tells us to buy BHE just over 24.47, with an upside target of 24.72. The data also tells us to set a stop loss @ 24.41 in case the stock turns against the trade. 24.47 is the first level of resistance above 24.06, and by rule, any break above resistance is a buy signal. In this case, 24.47, 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 24.47, target 24.02, Stop Loss @ 24.53. Details
  • The technical summary data is suggesting a short of BHE if it tests 24.47 with a downside target of 24.02. We should have a stop loss in place at 24.53 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, 24.47, 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 Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Neutral Neutral Weak
P1 0 0 22.01
P2 23.62 23.90 24.02
P3 24.47 24.72 25.86

BHE Long Term Analysis for May 14 2022


BHE Swing Trading Analysis for May 14 2022


BHE Day Trading Analysis for May 14 2022

Trading Benchmark Electronics (NYSE: BHE) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.

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 BHE too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

AD