(MANH) Pivots Trading Plans and Risk Controls

September 16, 2024, 22:44 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MANH

• Buy MANH slightly over 254.15 target 275.31 stop loss @ 253.42 Details

The technical summary data tells us to buy MANH near 254.15 with an upside target of 275.31. This data also tells us to set a stop loss @ 253.42 to protect against excessive loss in case the stock begins to move against the trade. 254.15 is the first level of support below 270.4 , and by rule, any test of support is a buy signal. In this case, support 254.15 is being tested, a buy signal would exist.

• Short MANH slightly under 275.31, target 254.15, stop loss @ 276.11 Details

The technical summary data is suggesting a short of MANH as it gets near 275.31 with a downside target of 254.15. We should have a stop loss in place at 276.11though. 275.31 is the first level of resistance above 270.4, and by rule, any test of resistance is a short signal. In this case, if resistance 275.31 is being tested, a short signal would exist.

Swing Trading Plans for MANH

• Buy MANH slightly over 275.31, target n/a, Stop Loss @ 274.51 Details

If 275.31 begins to break higher, the technical summary data tells us to buy MANH just slightly over 275.31, with an upside target of n/a. The data also tells us to set a stop loss @ 274.51 in case the stock turns against the trade. 275.31 is the first level of resistance above 270.4, and by rule, any break above resistance is a buy signal. In this case, 275.31, 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 MANH slightly near 275.31, target 267.93, Stop Loss @ 276.11. Details

The technical summary data is suggesting a short of MANH if it tests 275.31 with a downside target of 267.93. We should have a stop loss in place at 276.11 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, 275.31, 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 MANH

• Buy MANH slightly over 270.66, target 275.31, Stop Loss @ 270.03 Details

If 270.66 begins to break higher, the technical summary data tells us to buy MANH just slightly over 270.66, with an upside target of 275.31. The data also tells us to set a stop loss @ 270.03 in case the stock turns against the trade. 270.66 is the first level of resistance above 270.4, and by rule, any break above resistance is a buy signal. In this case, 270.66, 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 MANH slightly near 270.66, target 267.93, Stop Loss @ 271.29. Details

The technical summary data is suggesting a short of MANH if it tests 270.66 with a downside target of 267.93. We should have a stop loss in place at 271.29 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, 270.66, 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 Manhattan Associates Inc. (MANH) available here: MANH.

MANH Ratings for September 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	231.58
P2	265.87	255.95	254.15
P3	270.66	267.93	275.31

AI Generated Signals for MANH

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This Manhattan Associates Inc. (NASDAQ: MANH) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MANH 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 MANH 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 MANH too.  All of these are offered below the Summary Table.