Why ManpowerGroup is Setting Up for a Big Move in October

NYSE: MAN | ManpowerGroup  News, Ratings, and Charts

MAN – A triangle pattern has formed in the chart of ManpowerGroup (MAN). A break may occur on above or below the pattern. Learn when to enter a long or short position.

While analyzing charts over the weekend, I discovered a triangle pattern has emerged in the chart of ManpowerGroup (MAN - Get Rating).

MAN is one of the largest firms in the global staffing industry currently serving 600,000 clients and placing millions of job candidates. The company’s revenues are growing through acquisitions, cost-cutting, and price discipline.

Take a look at the 1-year chart of MAN below with my added notations:

 

Chart of MAN provided by TradingView

As you can see looking at the blue lines above, a triangle pattern has formed over the past several months. As the trendlines converge on each other, the pattern is created. Since there is no true way to know which way the stock will break, most traders will wait for the breakout or breakdown before entering a trade.

A trader could enter a long position on a break above the descending trendline or if the stock was to break below the ascending trendline, a short trade could be entered.

Keep a close on MAN over the next couple of weeks, as the stock reports its latest quarterly results on October 16th.

Want to See My Favorite Stock Trades Today?

The process I use to select these “Chart of the Day” stocks is just the starting point for what I put in my private portfolio.

There I take a deeper dive into the stock market outlook. And determine which sectors are likely to outperform. Then and only then to do I pull the trigger on the most timely trades.

If you would like to be notified of my best trades, then just click on the link below to get started!

See Christian Tharp’s Top Stock Picks Now

Have a good trading day!

Christian Tharp, CMT

@cmtstockcoach


MAN shares were trading at $75.86 per share on Monday morning, up $0.77 (+1.03%). Year-to-date, MAN has declined -20.73%, versus a 6.27% rise in the benchmark S&P 500 index during the same period.


About the Author: christian


Christian is an expert stock market coach at the Adam Mesh Trading Group who has mentored more than 4,000 traders and investors. He is a professional technical analyst that is a certified Chartered Market Technician (CMT), which is a designation awarded by the CMT Association. Christian is also the author of the daily online newsletter Todays Big Stock. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
MANGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Why Are Stocks Floating Higher?

Why are stocks breaking above 6,000 once again? When will they make news highs? And what is an investor to do now? Seasoned investor Steve Reitmeister shares his thoughts in this updated commentary.

How is the Stock Market Like a Helium Balloon?

Stocks have finally broke above 6,000 for the S&P 500 (SPY). The more important question is what comes next? Steve Reitmeister provides his answer in his latest market commentary.

Has the Bull Market Run Out of Steam?

It seems the S&P 500 (SPY) advance has stalled and cant crack above strong resistance at 6,000. Why is that happening? And what happens next? Read on for the answers...

Investors Remain “Cautiously Optimistic”

The S&P 500 (SPY) has made great advances since the lows of early April. Yet seem to be stuck under resistance at 6,000. What happens next depends on tariff talks. So let’s talk about the latest news on that front.

Bull Market Til Proven Otherwise

The phrase that paid for investors in 2025 was “Bull market til proven otherwise” Steve Reitmeister explains why in his latest market update and preview of top stock picks.

Read More Stories

More ManpowerGroup (MAN) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All MAN News