Campbell Soup CPB Technical Data

Source: Stock Traders Daily

Longer Term Trading Plans for CPB
  • Buy CPB over 47.07 target 50.14 stop loss @ 46.93 Details
  • The technical summary data tells us to buy CPB near 47.07 with an upside target of 50.14. This data also tells us to set a stop loss @ 46.93 to protect against excessive loss in case the stock begins to move against the trade. 47.07 is the first level of support below 49.42 , and by rule, any test of support is a buy signal. In this case, support 47.07 is being tested, a buy signal would exist.

  • Short CPB under 50.14, target 47.07, stop loss @ 50.28 Details
  • The technical summary data is suggesting a short of CPB as it gets near 50.14 with a downside target of 47.07. We should have a stop loss in place at 50.28though. 50.14 is the first level of resistance above 49.42, and by rule, any test of resistance is a short signal. In this case, if resistance 50.14 is being tested, a short signal would exist.

Swing Trading Plans for CPB
  • Buy CPB over 49.83, target 50.14, Stop Loss @ 49.69 Details
  • If 49.83 begins to break higher, the technical summary data tells us to buy CPB just over 49.83, with an upside target of 50.14. The data also tells us to set a stop loss @ 49.69 in case the stock turns against the trade. 49.83 is the first level of resistance above 49.42, and by rule, any break above resistance is a buy signal. In this case, 49.83, 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 CPB near 49.83, target 48.58, Stop Loss @ 49.97. Details
  • The technical summary data is suggesting a short of CPB if it tests 49.83 with a downside target of 48.58. We should have a stop loss in place at 49.97 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, 49.83, 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 CPB
  • Buy CPB over 49.83, target 50.21, Stop Loss @ 49.71 Details
  • If 49.83 begins to break higher, the technical summary data tells us to buy CPB just over 49.83, with an upside target of 50.21. The data also tells us to set a stop loss @ 49.71 in case the stock turns against the trade. 49.83 is the first level of resistance above 49.42, and by rule, any break above resistance is a buy signal. In this case, 49.83, 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 CPB near 49.83, target 49.31, Stop Loss @ 49.95. Details
  • The technical summary data is suggesting a short of CPB if it tests 49.83 with a downside target of 49.31. We should have a stop loss in place at 49.95 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, 49.83, 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.

CPB Ratings for August 06:

Term →Near Mid Long
Rating Neutral Neutral Neutral
P1 0 0 44.22
P2 49.31 48.58 47.07
P3 50.21 49.83 50.14

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CPB Long Term Analysis for August 6 2022


CPB Swing Trading Analysis for August 6 2022


CPB Day Trading Analysis for August 6 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Campbell Soup (NYSE: CPB) while incorporating 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 CPB 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 CPB 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.

Evitar Corte monitors the FOMC for Market Crash signals:
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