pool adsCapital One Financial $COF Technical Update
The Capital One Financial (NYSE: COF) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for COF, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 77.18 | 67.89 | 70.06 |
| P2 | 78.95 | 77.10 | 80.40 |
| P3 | 80.72 | 85.72 | 90.32 |
Support and Resistance Plot Chart for COF
Long Term Trading Plans for COF
February 10, 2019, 1:00 pm ET
The Technical Summary and Trading Plans for COF 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 COF Report.
COF - (Long) Support Plan
The technical summary data tells us to buy COF near 70.06 with an upside target of 80.40. This data also tells us to set a stop loss @ 69.8 to protect against excessive loss in case the stock begins to move against the trade. 70.06 is the first level of support below 77.83 , and by rule, any test of support is a buy signal. In this case, support 70.06 would be being tested, so a buy signal would exist.
COF - (Short) Resistance Plan
The technical summary data is suggesting a short of COF as it gets near 80.40 with a downside target of 70.06. We should have a stop loss in place at 80.66 though. 80.40 is the first level of resistance above 77.83, and by rule, any test of resistance is a short signal. In this case, if resistance 80.40 is being tested, so a short signal would exist.
