Trading (FBK) With Integrated Risk Controls
June 11, 2024, 12:34 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FBK
- Buy FBK slightly over 34.83 target 38.54 stop loss @ 34.73 Details
The technical summary data tells us to buy FBK near 34.83 with an upside target of 38.54. This data also tells us to set a stop loss @ 34.73 to protect against excessive loss in case the stock begins to move against the trade. 34.83 is the first level of support below 35.01 , and by rule, any test of support is a buy signal. In this case, support 34.83 would be being tested, so a buy signal would exist.
- Short FBK slightly under 38.54, target 34.83, stop loss @ 38.65 Details
The technical summary data is suggesting a short of FBK as it gets near 38.54 with a downside target of 34.83. We should have a stop loss in place at 38.65though. 38.54 is the first level of resistance above 35.01, and by rule, any test of resistance is a short signal. In this case, if resistance 38.54 is being tested, so a short signal would exist.
Swing Trading Plans for FBK
- Buy FBK slightly over 35.7, target 38.54, Stop Loss @ 35.6 Details
If 35.7 begins to break higher, the technical summary data tells us to buy FBK just slightly over 35.7, with an upside target of 38.54. The data also tells us to set a stop loss @ 35.6 in case the stock turns against the trade. 35.7 is the first level of resistance above 35.01, and by rule, any break above resistance is a buy signal. In this case, 35.7, 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 FBK slightly near 35.7, target 34.85, Stop Loss @ 35.8. Details
The technical summary data is suggesting a short of FBK if it tests 35.7 with a downside target of 34.85. We should have a stop loss in place at 35.8 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, 35.7, 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 FBK
- Buy FBK slightly over 35.7, target 38.54, Stop Loss @ 35.62 Details
If 35.7 begins to break higher, the technical summary data tells us to buy FBK just slightly over 35.7, with an upside target of 38.54. The data also tells us to set a stop loss @ 35.62 in case the stock turns against the trade. 35.7 is the first level of resistance above 35.01, and by rule, any break above resistance is a buy signal. In this case, 35.7, 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 FBK slightly near 35.7, target 34.95, Stop Loss @ 35.78. Details
The technical summary data is suggesting a short of FBK if it tests 35.7 with a downside target of 34.95. We should have a stop loss in place at 35.78 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, 35.7, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Fb Financial Corporation (FBK) available here: FBK.
FBK Ratings for June 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
34.83 |
| P2 |
34.95 |
34.85 |
38.54 |
| P3 |
35.53 |
35.7 |
42.29 |
AI Generated Signals for FBK
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FBK:
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