MDP - Stimulus Matters to the Stock Market and to Meredith #MDP
#Investors often shrug off the impact of #stimulus but when fabricated demand comes into the #stockmarket everything is affected, even Meredith (NYSE: MDP) and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For MDP we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 22.39 | |||
| P2 | |||
| 30.64 | |||
| 30.43 | |||
| 27.12 | |||
| P3 | |||
| 31.73 | |||
| 31.91 | |||
| 32.90 |
Long Term Trading Plans for MDP
April 25, 2021, 7:00 am ET
The Technical Summary and Trading Plans for MDP 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 MDP Report.
MDP - (Long) Support Plan
The technical summary data tells us to buy MDP near 27.12 with an upside target of 32.90. This data also tells us to set a stop loss @ 27.04 to protect against excessive loss in case the stock begins to move against the trade. 27.12 is the first level of support below 31.15 , and by rule, any test of support is a buy signal. In this case, support 27.12 is being tested, a buy signal would exist.
MDP - (Short) Resistance Plan
The technical summary data is suggesting a short of MDP as it gets near 32.90 with a downside target of 27.12. We should have a stop loss in place at 33though. 32.90 is the first level of resistance above 31.15, and by rule, any test of resistance is a short signal. In this case, if resistance 32.90 is being tested, a short signal would exist.