Analog Devices $ADI Trading Report
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Neutral | Neutral | Neutral |
P1 | 0 | 0 | 97.73 |
P2 | 115.45 | 114.25 | 111.64 |
P3 | 117.18 | 117.52 | 123.42 |
Support and Resistance Plot Chart for ADI
Long Term Trading Plans for ADI
August 6, 2020, 4:00 am ET
The Technical Summary and Trading Plans for ADI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ADI Report.
ADI - (Long) Support Plan
The technical summary data tells us to buy ADI near 111.64 with an upside target of 123.42. This data also tells us to set a stop loss @ 111.38 to protect against excessive loss in case the stock begins to move against the trade. 111.64 is the first level of support below 116.17 , and by rule, any test of support is a buy signal. In this case, support 111.64 is being tested, a buy signal would exist.
ADI - (Short) Resistance Plan
The technical summary data is suggesting a short of ADI as it gets near 123.42 with a downside target of 111.64. We should have a stop loss in place at 123.68 though. 123.42 is the first level of resistance above 116.17, and by rule, any test of resistance is a short signal. In this case, if resistance 123.42 is being tested, a short signal would exist.








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