(NEU) Technical Pivots with Risk Controls

January 31, 2024, 17:58 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NEU

• Buy NEU slightly over 531.04 target 557.91 stop loss @ 529.51 Details

The technical summary data tells us to buy NEU near 531.04 with an upside target of 557.91. This data also tells us to set a stop loss @ 529.51 to protect against excessive loss in case the stock begins to move against the trade. 531.04 is the first level of support below 557.81 , and by rule, any test of support is a buy signal. In this case, support 531.04 would be being tested, so a buy signal would exist.

• Short NEU slightly under 557.91, target 531.04, stop loss @ 559.52 Details

The technical summary data is suggesting a short of NEU as it gets near 557.91 with a downside target of 531.04. We should have a stop loss in place at 559.52though. 557.91 is the first level of resistance above 557.81, and by rule, any test of resistance is a short signal. In this case, if resistance 557.91 is being tested, so a short signal would exist.

Swing Trading Plans for NEU

• Buy NEU slightly over 557.91, target 580.48, Stop Loss @ 556.3 Details

If 557.91 begins to break higher, the technical summary data tells us to buy NEU just slightly over 557.91, with an upside target of 580.48. The data also tells us to set a stop loss @ 556.3 in case the stock turns against the trade. 557.91 is the first level of resistance above 557.81, and by rule, any break above resistance is a buy signal. In this case, 557.91, 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 NEU slightly near 557.91, target 554.72, Stop Loss @ 559.52. Details

The technical summary data is suggesting a short of NEU if it tests 557.91 with a downside target of 554.72. We should have a stop loss in place at 559.52 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, 557.91, 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 NEU

• Buy NEU slightly over 557.91, target 563.01, Stop Loss @ 556.61 Details

If 557.91 begins to break higher, the technical summary data tells us to buy NEU just slightly over 557.91, with an upside target of 563.01. The data also tells us to set a stop loss @ 556.61 in case the stock turns against the trade. 557.91 is the first level of resistance above 557.81, and by rule, any break above resistance is a buy signal. In this case, 557.91, 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 NEU slightly near 557.91, target 554.72, Stop Loss @ 559.21. Details

The technical summary data is suggesting a short of NEU if it tests 557.91 with a downside target of 554.72. We should have a stop loss in place at 559.21 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, 557.91, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Newmarket Corp (NEU) available here: NEU.

NEU Ratings for January 31:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	531.04
P2	548.48	554.72	557.91
P3	563.01	580.48	584.21

AI Generated Signals for NEU

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The technical pivots for Newmarket Corp (NYSE: NEU) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NEU 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 NEU 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 NEU too.  All of these are offered below the Summary Table.