MLHR - Why the Technicals for Herman Miller can be More Revealing than the Fundamentals
Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Herman Miller (NASDAQ: MLHR). Using the data offered below we have a real-time example. Review The technical data for MLHR below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 35.70 | |||
| P2 | |||
| 39.54 | |||
| 39.86 | |||
| 38.96 | |||
| P3 | |||
| 41.37 | |||
| 41.58 | |||
| 42.83 |
Long Term Trading Plans for MLHR
March 9, 2021, 1:00 pm ET
The Technical Summary and Trading Plans for MLHR 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 MLHR Report.
MLHR - (Long) Support Plan
The technical summary data tells us to buy MLHR near 38.96 with an upside target of 42.83. This data also tells us to set a stop loss @ 38.85 to protect against excessive loss in case the stock begins to move against the trade. 38.96 is the first level of support below 41.93 , and by rule, any test of support is a buy signal. In this case, support 38.96 is being tested, a buy signal would exist.
MLHR - (Short) Resistance Plan
The technical summary data is suggesting a short of MLHR as it gets near 42.83 with a downside target of 38.96. We should have a stop loss in place at 42.95though. 42.83 is the first level of resistance above 41.93, and by rule, any test of resistance is a short signal. In this case, if resistance 42.83 is being tested, a short signal would exist.