(HWM.P) Investment Analysis and Advice

February 16, 2024, 16:18 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HWM.P

• Buy HWM.P slightly over 55.94 target 61.39 stop loss @ 55.78 Details

The technical summary data tells us to buy HWM.P near 55.94 with an upside target of 61.39. This data also tells us to set a stop loss @ 55.78 to protect against excessive loss in case the stock begins to move against the trade. 55.94 is the first level of support below 61 , and by rule, any test of support is a buy signal. In this case, support 55.94 is being tested, a buy signal would exist.

• Short HWM.P slightly under 61.39, target 55.94, stop loss @ 61.57 Details

The technical summary data is suggesting a short of HWM.P as it gets near 61.39 with a downside target of 55.94. We should have a stop loss in place at 61.57though. 61.39 is the first level of resistance above 61, and by rule, any test of resistance is a short signal. In this case, if resistance 61.39 is being tested, a short signal would exist.

Swing Trading Plans for HWM.P

• Buy HWM.P slightly over 61.54, target 64.02, Stop Loss @ 61.36 Details

If 61.54 begins to break higher, the technical summary data tells us to buy HWM.P just slightly over 61.54, with an upside target of 64.02. The data also tells us to set a stop loss @ 61.36 in case the stock turns against the trade. 61.54 is the first level of resistance above 61, and by rule, any break above resistance is a buy signal. In this case, 61.54, 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 HWM.P slightly near 61.54, target 55.94, Stop Loss @ 61.72. Details

The technical summary data is suggesting a short of HWM.P if it tests 61.54 with a downside target of 55.94. We should have a stop loss in place at 61.72 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, 61.54, 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 HWM.P

• Buy HWM.P slightly over 61.1, target 61.54, Stop Loss @ 60.96 Details

If 61.1 begins to break higher, the technical summary data tells us to buy HWM.P just slightly over 61.1, with an upside target of 61.54. The data also tells us to set a stop loss @ 60.96 in case the stock turns against the trade. 61.1 is the first level of resistance above 61, and by rule, any break above resistance is a buy signal. In this case, 61.1, 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 HWM.P slightly near 61.1, target 55.94, Stop Loss @ 61.24. Details

The technical summary data is suggesting a short of HWM.P if it tests 61.1 with a downside target of 55.94. We should have a stop loss in place at 61.24 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, 61.1, 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.

Real Time Updates are available on our Howmet Aerospace Inc. $3.75 Preferred Stock (HWM.P) Page here: HWM.P.

HWM.P Ratings for February 16:

Support and Resistance Plot Chart for HWM.P

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Prudent Investment Analysis requires observations of the support and resistance levels for Howmet Aerospace Inc. $3.75 Preferred Stock (NASDAQ: HWM.P) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HWM.P change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HWM.P is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HWM.P too.  All of these are offered below the Summary Table.