When the Price of Mohawk Industries $MHK Talks, People Listen
April 17, 2023, 11:15 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MHK
- Buy MHK slightly over 84.64 target 98.85 stop loss @ 84.4 Details
The technical summary data tells us to buy MHK near 84.64 with an upside target of 98.85. This data also tells us to set a stop loss @ 84.4 to protect against excessive loss in case the stock begins to move against the trade. 84.64 is the first level of support below 98.485 , and by rule, any test of support is a buy signal. In this case, support 84.64 would be being tested, so a buy signal would exist.
- Short MHK slightly under 98.85, target 84.64, stop loss @ 99.14 Details
The technical summary data is suggesting a short of MHK as it gets near 98.85 with a downside target of 84.64. We should have a stop loss in place at 99.14though. 98.85 is the first level of resistance above 98.485, and by rule, any test of resistance is a short signal. In this case, if resistance 98.85 is being tested, so a short signal would exist.
Swing Trading Plans for MHK
- Buy MHK slightly over 98.85, target 100.11, Stop Loss @ 98.56 Details
If 98.85 begins to break higher, the technical summary data tells us to buy MHK just slightly over 98.85, with an upside target of 100.11. The data also tells us to set a stop loss @ 98.56 in case the stock turns against the trade. 98.85 is the first level of resistance above 98.485, and by rule, any break above resistance is a buy signal. In this case, 98.85, 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 MHK slightly near 98.85, target 94.49, Stop Loss @ 99.14. Details
The technical summary data is suggesting a short of MHK if it tests 98.85 with a downside target of 94.49. We should have a stop loss in place at 99.14 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, 98.85, 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 MHK
- Buy MHK slightly over 98.88, target 100.11, Stop Loss @ 98.65 Details
If 98.88 begins to break higher, the technical summary data tells us to buy MHK just slightly over 98.88, with an upside target of 100.11. The data also tells us to set a stop loss @ 98.65 in case the stock turns against the trade. 98.88 is the first level of resistance above 98.485, and by rule, any break above resistance is a buy signal. In this case, 98.88, 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 MHK slightly near 98.88, target 94.49, Stop Loss @ 99.11. Details
The technical summary data is suggesting a short of MHK if it tests 98.88 with a downside target of 94.49. We should have a stop loss in place at 99.11 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, 98.88, 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.
This is a snapshot. Real Time Updates are available on our MHK Page.
MHK Ratings for April 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
84.64 |
| P2 |
98.88 |
94.49 |
98.85 |
| P3 |
102.81 |
100.11 |
113.82 |
Support and Resistance Plot Chart for MHK
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Mohawk Industries (NYSE: MHK) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MHK can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MHK:
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