Trading Analog Devices $ADI With Integrated Risk Controls

May 24, 2023, 11:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Analog Devices (NYSE: ADI) report below can help you, but we have more details too. The trading plans for ADI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for ADI

• Buy ADI slightly over 165.14 target 179.23 stop loss @ 164.66 Details

The technical summary data tells us to buy ADI near 165.14 with an upside target of 179.23. This data also tells us to set a stop loss @ 164.66 to protect against excessive loss in case the stock begins to move against the trade. 165.14 is the first level of support below 172.01 , and by rule, any test of support is a buy signal. In this case, support 165.14 is being tested, a buy signal would exist.

• Short ADI slightly under 179.23, target 165.14, stop loss @ 179.75 Details

The technical summary data is suggesting a short of ADI as it gets near 179.23 with a downside target of 165.14. We should have a stop loss in place at 179.75though. 179.23 is the first level of resistance above 172.01, and by rule, any test of resistance is a short signal. In this case, if resistance 179.23 is being tested, a short signal would exist.

Swing Trading Plans for ADI

• Buy ADI slightly over 179.23, target 188.90, Stop Loss @ 178.71 Details

If 179.23 begins to break higher, the technical summary data tells us to buy ADI just slightly over 179.23, with an upside target of 188.90. The data also tells us to set a stop loss @ 178.71 in case the stock turns against the trade. 179.23 is the first level of resistance above 172.01, and by rule, any break above resistance is a buy signal. In this case, 179.23, 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 ADI slightly near 179.23, target 165.14, Stop Loss @ 179.75. Details

The technical summary data is suggesting a short of ADI if it tests 179.23 with a downside target of 165.14. We should have a stop loss in place at 179.75 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, 179.23, 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 ADI

• Buy ADI slightly over 179.23, target 188.90, Stop Loss @ 178.81 Details

If 179.23 begins to break higher, the technical summary data tells us to buy ADI just slightly over 179.23, with an upside target of 188.90. The data also tells us to set a stop loss @ 178.81 in case the stock turns against the trade. 179.23 is the first level of resistance above 172.01, and by rule, any break above resistance is a buy signal. In this case, 179.23, 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 ADI slightly near 179.23, target 165.14, Stop Loss @ 179.65. Details

The technical summary data is suggesting a short of ADI if it tests 179.23 with a downside target of 165.14. We should have a stop loss in place at 179.65 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, 179.23, 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.

ADI Ratings for May 24:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	150.99
P2	189.60	188.90	165.14
P3	193.77	194.58	179.23

Support and Resistance Plot Chart for ADI

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