Tickeron detected bullish Stock Pattern: Cup-and-Handle on April 01, 2024

A.I.dvisor
at Tickeron.com
04/03/24
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Cup-and-Handle
SLVM - Sylvamo Corp
Emerged: 04/01/24
Breakout: $62.41
Price: $61.61
Target price: $68.15
A.I.dvisor detected a bullish Cup-and-Handle pattern for SLVM stock. This pattern was detected on April 01, 2024 . The odds of reaching the target price are 7. The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”-like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle. Consider buying a security or call option at the upward breakout price/entry point. The confirmation move is when the security moves past the breakout price above the right cup lip.
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SLVMDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Industry PulpPaper

Profile
Fundamentals
Details
Industry
N/A
Address
6077 Primacy Parkway
Phone
+1 901 519-8000
Employees
6500
Web
https://www.sylvamo.com