HCSG - How to Develop Trading Plans for Healthcare Services Group and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Healthcare Services Group (NASDAQ: HCSG) to foretell upcoming changes. A current example is provided below. There are trading plans for HCSG, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 25.71 | |||
| P2 | |||
| 28.32 | |||
| 28.32 | |||
| 28.99 | |||
| P3 | |||
| 28.71 | |||
| 28.85 | |||
| 32.80 |
Long Term Trading Plans for HCSG
April 14, 2021, 11:00 am ET
The Technical Summary and Trading Plans for HCSG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HCSG Report.
HCSG - (Long) Support Plan
The technical summary data tells us to buy HCSG near 25.71 with an upside target of 28.99. This data also tells us to set a stop loss @ 25.64 to protect against excessive loss in case the stock begins to move against the trade. 25.71 is the first level of support below 28.78 , and by rule, any test of support is a buy signal. In this case, support 25.71 would be being tested, so a buy signal would exist.
HCSG - (Short) Resistance Plan
The technical summary data is suggesting a short of HCSG as it gets near 28.99 with a downside target of 25.71. We should have a stop loss in place at 29.07though. 28.99 is the first level of resistance above 28.78, and by rule, any test of resistance is a short signal. In this case, if resistance 28.99 is being tested, so a short signal would exist.