Trading Splunk Inc SPLK With Integrated Risk Controls

January 13, 2023, 10:15 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPLK

• Buy SPLK slightly over 85.14 target 104.23 stop loss @ 84.89 Details

The technical summary data tells us to buy SPLK near 85.14 with an upside target of 104.23. This data also tells us to set a stop loss @ 84.89 to protect against excessive loss in case the stock begins to move against the trade. 85.14 is the first level of support below 88.5 , and by rule, any test of support is a buy signal. In this case, support 85.14 is being tested, a buy signal would exist.

• Short SPLK slightly under 104.23, target 85.14, stop loss @ 104.53 Details

The technical summary data is suggesting a short of SPLK as it gets near 104.23 with a downside target of 85.14. We should have a stop loss in place at 104.53though. 104.23 is the first level of resistance above 88.5, and by rule, any test of resistance is a short signal. In this case, if resistance 104.23 is being tested, a short signal would exist.

Swing Trading Plans for SPLK

• Buy SPLK slightly over 89.64, target 104.23, Stop Loss @ 89.38 Details

If 89.64 begins to break higher, the technical summary data tells us to buy SPLK just slightly over 89.64, with an upside target of 104.23. The data also tells us to set a stop loss @ 89.38 in case the stock turns against the trade. 89.64 is the first level of resistance above 88.5, and by rule, any break above resistance is a buy signal. In this case, 89.64, 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 SPLK slightly near 89.64, target 85.27, Stop Loss @ 89.9. Details

The technical summary data is suggesting a short of SPLK if it tests 89.64 with a downside target of 85.27. We should have a stop loss in place at 89.9 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, 89.64, 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 SPLK

• Buy SPLK slightly over 88.77, target 89.64, Stop Loss @ 88.56 Details

If 88.77 begins to break higher, the technical summary data tells us to buy SPLK just slightly over 88.77, with an upside target of 89.64. The data also tells us to set a stop loss @ 88.56 in case the stock turns against the trade. 88.77 is the first level of resistance above 88.5, and by rule, any break above resistance is a buy signal. In this case, 88.77, 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 SPLK slightly near 88.77, target 85.27, Stop Loss @ 88.98. Details

The technical summary data is suggesting a short of SPLK if it tests 88.77 with a downside target of 85.27. We should have a stop loss in place at 88.98 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, 88.77, 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 Splunk Inc (SPLK) available here: SPLK.

SPLK Ratings for January 13:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	66.73
P2	84.04	85.27	85.14
P3	88.77	89.64	104.23

AI Generated Signals for SPLK

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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 Splunk Inc (NASDAQ: SPLK) report below can help you, but we have more details too. The trading plans for SPLK, 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.