How the price action of Constellation Brands (STZ) is used to our Advantage

February 01, 2023, 21:45 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STZ

• Buy STZ slightly over 227.47 target 243.28 stop loss @ 226.81 Details

The technical summary data tells us to buy STZ near 227.47 with an upside target of 243.28. This data also tells us to set a stop loss @ 226.81 to protect against excessive loss in case the stock begins to move against the trade. 227.47 is the first level of support below 233.59 , and by rule, any test of support is a buy signal. In this case, support 227.47 would be being tested, so a buy signal would exist.

• Short STZ slightly under 243.28, target 227.47, stop loss @ 243.98 Details

The technical summary data is suggesting a short of STZ as it gets near 243.28 with a downside target of 227.47. We should have a stop loss in place at 243.98though. 243.28 is the first level of resistance above 233.59, and by rule, any test of resistance is a short signal. In this case, if resistance 243.28 is being tested, so a short signal would exist.

Swing Trading Plans for STZ

• Buy STZ slightly over 234.30, target 243.28, Stop Loss @ 233.62 Details

If 234.30 begins to break higher, the technical summary data tells us to buy STZ just slightly over 234.30, with an upside target of 243.28. The data also tells us to set a stop loss @ 233.62 in case the stock turns against the trade. 234.30 is the first level of resistance above 233.59, and by rule, any break above resistance is a buy signal. In this case, 234.30, 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 STZ slightly near 234.30, target 227.66, Stop Loss @ 234.98. Details

The technical summary data is suggesting a short of STZ if it tests 234.30 with a downside target of 227.66. We should have a stop loss in place at 234.98 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, 234.30, 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 STZ

• Buy STZ slightly over 234.30, target 243.28, Stop Loss @ 233.75 Details

If 234.30 begins to break higher, the technical summary data tells us to buy STZ just slightly over 234.30, with an upside target of 243.28. The data also tells us to set a stop loss @ 233.75 in case the stock turns against the trade. 234.30 is the first level of resistance above 233.59, and by rule, any break above resistance is a buy signal. In this case, 234.30, 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 STZ slightly near 234.30, target 232.27, Stop Loss @ 234.85. Details

The technical summary data is suggesting a short of STZ if it tests 234.30 with a downside target of 232.27. We should have a stop loss in place at 234.85 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, 234.30, 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  Constellation Brands (STZ) available here: STZ.

STZ Ratings for February 01:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	227.47
P2	229.26	227.66	243.28
P3	232.27	234.30	258.89

AI Generated Signals for STZ

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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  Constellation Brands (NYSE: STZ) data table below can help you with price action, and we have more details too. Trading plans for STZ 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.