MANH - How to Identify the Opportunity and Potential Pitfalls in Manhattan Associates

This Manhattan Associates (NASDAQ: MANH) report helps investors and traders identify both opportunity, and potential red flags, by using the price action of the stock.  The trading plans for MANH have risk controls, and that make these observations both opportunistic and defensive, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for MANH

April 15, 2021, 10:30 am ET

The Technical Summary and Trading Plans for MANH 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 MANH Report.

MANH - (Long) Support Plan

The technical summary data tells us to buy MANH near 112.72 with an upside target of 125.14. This data also tells us to set a stop loss @ 112.39 to protect against excessive loss in case the stock begins to move against the trade. 112.72 is the first level of support below 122.86 , and by rule, any test of support is a buy signal. In this case, support 112.72 would be being tested, so a buy signal would exist.

MANH - (Short) Resistance Plan

The technical summary data is suggesting a short of MANH as it gets near 125.14 with a downside target of 112.72. We should have a stop loss in place at 125.5though. 125.14 is the first level of resistance above 122.86, and by rule, any test of resistance is a short signal. In this case, if resistance 125.14 is being tested, so a short signal would exist.