How the (CPK) price action is used to our Advantage
June 20, 2024, 17:10 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CPK
- Buy CPK slightly over 102.17 target 112.18 stop loss @ 101.87 Details
The technical summary data tells us to buy CPK near 102.17 with an upside target of 112.18. This data also tells us to set a stop loss @ 101.87 to protect against excessive loss in case the stock begins to move against the trade. 102.17 is the first level of support below 103.64 , and by rule, any test of support is a buy signal. In this case, support 102.17 is being tested, a buy signal would exist.
- Short CPK slightly under 112.18, target 102.17, stop loss @ 112.5 Details
The technical summary data is suggesting a short of CPK as it gets near 112.18 with a downside target of 102.17. We should have a stop loss in place at 112.5though. 112.18 is the first level of resistance above 103.64, and by rule, any test of resistance is a short signal. In this case, if resistance 112.18 is being tested, a short signal would exist.
Swing Trading Plans for CPK
- Buy CPK slightly over 104.86, target 112.18, Stop Loss @ 104.56 Details
If 104.86 begins to break higher, the technical summary data tells us to buy CPK just slightly over 104.86, with an upside target of 112.18. The data also tells us to set a stop loss @ 104.56 in case the stock turns against the trade. 104.86 is the first level of resistance above 103.64, and by rule, any break above resistance is a buy signal. In this case, 104.86, 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 CPK slightly near 104.86, target 102.56, Stop Loss @ 105.16. Details
The technical summary data is suggesting a short of CPK if it tests 104.86 with a downside target of 102.56. We should have a stop loss in place at 105.16 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, 104.86, 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 CPK
- Buy CPK slightly over 104.63, target 104.86, Stop Loss @ 104.39 Details
If 104.63 begins to break higher, the technical summary data tells us to buy CPK just slightly over 104.63, with an upside target of 104.86. The data also tells us to set a stop loss @ 104.39 in case the stock turns against the trade. 104.63 is the first level of resistance above 103.64, and by rule, any break above resistance is a buy signal. In this case, 104.63, 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 CPK slightly near 104.63, target 103.52, Stop Loss @ 104.87. Details
The technical summary data is suggesting a short of CPK if it tests 104.63 with a downside target of 103.52. We should have a stop loss in place at 104.87 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, 104.63, 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 Chesapeake Utilities Corporation (CPK) available here: CPK.
CPK Ratings for June 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
91.44 |
| P2 |
103.52 |
102.56 |
102.17 |
| P3 |
104.63 |
104.86 |
112.18 |
AI Generated Signals for CPK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Chesapeake Utilities Corporation (NYSE: CPK) data table below can help you with price action, and we have more details too. Trading plans for CPK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CPK:
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