Irobot $IRBT Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 124.41 | 113.80 | 83.11 |
| P2 | 127.52 | 133.26 | 112.62 |
| P3 | 130.70 | 153.08 | 142.24 |
Support and Resistance Plot Chart for IRBT
Long Term Trading Plans for IRBT
April 16, 2019, 5:00 am ET
The Technical Summary and Trading Plans for IRBT 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 IRBT Report.
IRBT - (Long) Support Plan
The technical summary data tells us to buy IRBT near 112.62 with an upside target of 142.24. This data also tells us to set a stop loss @ 112.36 to protect against excessive loss in case the stock begins to move against the trade. 112.62 is the first level of support below 127.53 , and by rule, any test of support is a buy signal. In this case, support 112.62 is being tested, a buy signal would exist.
IRBT - (Short) Resistance Plan
The technical summary data is suggesting a short of IRBT as it gets near 142.24 with a downside target of 112.62. We should have a stop loss in place at 142.5 though. 142.24 is the first level of resistance above 127.53, and by rule, any test of resistance is a short signal. In this case, if resistance 142.24 is being tested, a short signal would exist.
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