When (SIG) Moves Investors should Listen
March 05, 2024, 02:30 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SIG
- Buy SIG slightly over 97 target 108.97 stop loss @ 96.72 Details
The technical summary data tells us to buy SIG near 97 with an upside target of 108.97. This data also tells us to set a stop loss @ 96.72 to protect against excessive loss in case the stock begins to move against the trade. 97 is the first level of support below 99.38 , and by rule, any test of support is a buy signal. In this case, support 97 is being tested, a buy signal would exist.
- Short SIG slightly under 108.97, target 97, stop loss @ 109.28 Details
The technical summary data is suggesting a short of SIG as it gets near 108.97 with a downside target of 97. We should have a stop loss in place at 109.28though. 108.97 is the first level of resistance above 99.38, and by rule, any test of resistance is a short signal. In this case, if resistance 108.97 is being tested, a short signal would exist.
Swing Trading Plans for SIG
- Buy SIG slightly over 99.74, target 103.64, Stop Loss @ 99.45 Details
If 99.74 begins to break higher, the technical summary data tells us to buy SIG just slightly over 99.74, with an upside target of 103.64. The data also tells us to set a stop loss @ 99.45 in case the stock turns against the trade. 99.74 is the first level of resistance above 99.38, and by rule, any break above resistance is a buy signal. In this case, 99.74, 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 SIG slightly near 99.74, target 97, Stop Loss @ 100.03. Details
The technical summary data is suggesting a short of SIG if it tests 99.74 with a downside target of 97. We should have a stop loss in place at 100.03 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, 99.74, 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 SIG
- Buy SIG slightly over 99.74, target 100.62, Stop Loss @ 99.51 Details
If 99.74 begins to break higher, the technical summary data tells us to buy SIG just slightly over 99.74, with an upside target of 100.62. The data also tells us to set a stop loss @ 99.51 in case the stock turns against the trade. 99.74 is the first level of resistance above 99.38, and by rule, any break above resistance is a buy signal. In this case, 99.74, 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 SIG slightly near 99.74, target 98.26, Stop Loss @ 99.97. Details
The technical summary data is suggesting a short of SIG if it tests 99.74 with a downside target of 98.26. We should have a stop loss in place at 99.97 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, 99.74, 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 Signet Jewelers Limited (SIG) available here: SIG.
SIG Ratings for March 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
84.96 |
| P2 |
98.26 |
99.74 |
97 |
| P3 |
100.62 |
103.64 |
108.97 |
AI Generated Signals for SIG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Signet Jewelers Limited (NYSE: SIG) report below is a real world example. Included are trading plans for SIG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SIG:
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