Scholastic SCHL Pivot Points – Stock Traders Daily

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Source: Stock Traders Daily

Longer Term Trading Plans for SCHL
  • Buy SCHL over 34.70 target 37.50 stop loss @ 34.6 Details
  • The technical summary data tells us to buy SCHL near 34.70 with an upside target of 37.50. This data also tells us to set a stop loss @ 34.6 to protect against excessive loss in case the stock begins to move against the trade. 34.70 is the first level of support below 35.91 , and by rule, any test of support is a buy signal. In this case, support 34.70 would be being tested, so a buy signal would exist.

  • Short SCHL under 37.50, target 34.70, stop loss @ 37.61 Details
  • The technical summary data is suggesting a short of SCHL as it gets near 37.50 with a downside target of 34.70. We should have a stop loss in place at 37.61though. 37.50 is the first level of resistance above 35.91, and by rule, any test of resistance is a short signal. In this case, if resistance 37.50 is being tested, so a short signal would exist.

Swing Trading Plans for SCHL
  • Buy SCHL over 36.44, target 37.50, Stop Loss @ 36.33 Details
  • If 36.44 begins to break higher, the technical summary data tells us to buy SCHL just over 36.44, with an upside target of 37.50. The data also tells us to set a stop loss @ 36.33 in case the stock turns against the trade. 36.44 is the first level of resistance above 35.91, and by rule, any break above resistance is a buy signal. In this case, 36.44, 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 SCHL near 36.44, target 34.70, Stop Loss @ 36.55. Details
  • The technical summary data is suggesting a short of SCHL if it tests 36.44 with a downside target of 34.70. We should have a stop loss in place at 36.55 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, 36.44, 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 SCHL
  • Buy SCHL over 36.04, target 36.55, Stop Loss @ 35.96 Details
  • If 36.04 begins to break higher, the technical summary data tells us to buy SCHL just over 36.04, with an upside target of 36.55. The data also tells us to set a stop loss @ 35.96 in case the stock turns against the trade. 36.04 is the first level of resistance above 35.91, and by rule, any break above resistance is a buy signal. In this case, 36.04, 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 SCHL near 36.04, target 34.70, Stop Loss @ 36.12. Details
  • The technical summary data is suggesting a short of SCHL if it tests 36.04 with a downside target of 34.70. We should have a stop loss in place at 36.12 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, 36.04, 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.

SCHL Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Neutral Strong
P1 0 0 34.70
P2 36.04 36.44 37.50
P3 36.55 37.73 40.56

This Scholastic (NASDAQ: SCHL) report was produced using proprietary algorithums developed by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify the best strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SCHL 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 SCHL too.  All of these are offered below the Summary Table.

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Fundamental Charts for SCHL

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