TRIPADVISOR $TRIP Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Weak | Strong |
| P1 | 52.68 | 50.21 | 50.40 |
| P2 | 53.62 | 57.10 | 58.73 |
| P3 | 54.46 | 64.02 | 67.18 |
Support and Resistance Plot Chart for TRIP
Long Term Trading Plans for TRIP
August 19, 2018, 5:15 pm ET
The Technical Summary and Trading Plans for TRIP 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 TRIP Report.
TRIP - (Long) Support Plan
Buy over 50.40 target 58.73 stop loss @ 50.14.
The technical summary data tells us to buy TRIP near 50.40 with an upside target of 58.73. This data also tells us to set a stop loss @ 50.14 to protect against excessive loss in case the stock begins to move against the trade. 50.40 is the first level of support below 53.55 , and by rule, any test of support is a buy signal. In this case, support 50.40 would be being tested, so a buy signal would exist.
TRIP - (Short) Resistance Plan
Short under 58.73 target 50.40 stop loss @ 58.99.
The technical summary data is suggesting a short of TRIP as it gets near 58.73 with a downside target of 50.40. We should have a stop loss in place at 58.99 though. 58.73 is the first level of resistance above 53.55, and by rule, any test of resistance is a short signal. In this case, if resistance 58.73 is being tested, so a short signal would exist.
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