Trading State Street $STT With Integrated Risk Controls
September 24, 2023, 03:15 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for STT
- Buy STT slightly over 63.44 target 72.81 stop loss @ 63.26 Details
The technical summary data tells us to buy STT near 63.44 with an upside target of 72.81. This data also tells us to set a stop loss @ 63.26 to protect against excessive loss in case the stock begins to move against the trade. 63.44 is the first level of support below 67.81 , and by rule, any test of support is a buy signal. In this case, support 63.44 would be being tested, so a buy signal would exist.
- Short STT slightly under 72.81, target 63.44, stop loss @ 73.02 Details
The technical summary data is suggesting a short of STT as it gets near 72.81 with a downside target of 63.44. We should have a stop loss in place at 73.02though. 72.81 is the first level of resistance above 67.81, and by rule, any test of resistance is a short signal. In this case, if resistance 72.81 is being tested, so a short signal would exist.
Swing Trading Plans for STT
- Buy STT slightly over 69.61, target 72.03, Stop Loss @ 69.41 Details
If 69.61 begins to break higher, the technical summary data tells us to buy STT just slightly over 69.61, with an upside target of 72.03. The data also tells us to set a stop loss @ 69.41 in case the stock turns against the trade. 69.61 is the first level of resistance above 67.81, and by rule, any break above resistance is a buy signal. In this case, 69.61, 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 STT slightly near 69.61, target 63.44, Stop Loss @ 69.81. Details
The technical summary data is suggesting a short of STT if it tests 69.61 with a downside target of 63.44. We should have a stop loss in place at 69.81 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, 69.61, 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 STT
- Buy STT slightly over 68.57, target 69.61, Stop Loss @ 68.41 Details
If 68.57 begins to break higher, the technical summary data tells us to buy STT just slightly over 68.57, with an upside target of 69.61. The data also tells us to set a stop loss @ 68.41 in case the stock turns against the trade. 68.57 is the first level of resistance above 67.81, and by rule, any break above resistance is a buy signal. In this case, 68.57, 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 STT slightly near 68.57, target 63.44, Stop Loss @ 68.73. Details
The technical summary data is suggesting a short of STT if it tests 68.57 with a downside target of 63.44. We should have a stop loss in place at 68.73 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, 68.57, 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 State Street (STT) available here: STT.
STT Ratings for September 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
63.44 |
| P2 |
68.57 |
69.61 |
72.81 |
| P3 |
69.57 |
72.03 |
82.09 |
AI Generated Signals for STT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for STT:
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