Trading (VKTX) With Integrated Risk Controls

November 15, 2024, 20:52 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VKTX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short VKTX slightly under 55.61, target n/a, stop loss @ 55.77 Details

The technical summary data is suggesting a short of VKTX as it gets near 55.61, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 55.77. 55.61 is the first level of resistance above 49.58, and by rule, any test of resistance is a short signal. In this case, if resistance 55.61 is being tested, so a short signal would exist.

Swing Trading Plans for VKTX

• Buy VKTX slightly over 53.46, target 55.61, Stop Loss @ 53.31 Details

If 53.46 begins to break higher, the technical summary data tells us to buy VKTX just slightly over 53.46, with an upside target of 55.61. The data also tells us to set a stop loss @ 53.31 in case the stock turns against the trade. 53.46 is the first level of resistance above 49.58, and by rule, any break above resistance is a buy signal. In this case, 53.46, 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 VKTX slightly near 53.46, target n/a, Stop Loss @ 53.61. Details

The technical summary data is suggesting a short of VKTX if it tests 53.46 with a downside target of n/a. We should have a stop loss in place at 53.61 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, 53.46, 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 VKTX

• Buy VKTX slightly over 51.16, target 53.46, Stop Loss @ 51.04 Details

If 51.16 begins to break higher, the technical summary data tells us to buy VKTX just slightly over 51.16, with an upside target of 53.46. The data also tells us to set a stop loss @ 51.04 in case the stock turns against the trade. 51.16 is the first level of resistance above 49.58, and by rule, any break above resistance is a buy signal. In this case, 51.16, 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 VKTX slightly near 51.16, target n/a, Stop Loss @ 51.28. Details

The technical summary data is suggesting a short of VKTX if it tests 51.16 with a downside target of n/a. We should have a stop loss in place at 51.28 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, 51.16, 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 Viking Therapeutics Inc. (VKTX) available here: VKTX.

VKTX Ratings for November 15:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	55.61
P2	51.16	53.46	75.91
P3	54.32	59.7	100.53

AI Generated Signals for VKTX

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