When (INGR) Moves Investors should Listen
January 30, 2024, 18:40 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INGR
- Buy INGR slightly over 104.87 target 111.45 stop loss @ 104.57 Details
The technical summary data tells us to buy INGR near 104.87 with an upside target of 111.45. This data also tells us to set a stop loss @ 104.57 to protect against excessive loss in case the stock begins to move against the trade. 104.87 is the first level of support below 109.26 , and by rule, any test of support is a buy signal. In this case, support 104.87 is being tested, a buy signal would exist.
- Short INGR slightly under 111.45, target 104.87, stop loss @ 111.77 Details
The technical summary data is suggesting a short of INGR as it gets near 111.45 with a downside target of 104.87. We should have a stop loss in place at 111.77though. 111.45 is the first level of resistance above 109.26, and by rule, any test of resistance is a short signal. In this case, if resistance 111.45 is being tested, a short signal would exist.
Swing Trading Plans for INGR
- Buy INGR slightly over 111.45, target n/a, Stop Loss @ 111.13 Details
If 111.45 begins to break higher, the technical summary data tells us to buy INGR just slightly over 111.45, with an upside target of n/a. The data also tells us to set a stop loss @ 111.13 in case the stock turns against the trade. 111.45 is the first level of resistance above 109.26, and by rule, any break above resistance is a buy signal. In this case, 111.45, 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 INGR slightly near 111.45, target 109.02, Stop Loss @ 111.77. Details
The technical summary data is suggesting a short of INGR if it tests 111.45 with a downside target of 109.02. We should have a stop loss in place at 111.77 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, 111.45, 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 INGR
- Buy INGR slightly over 109.54, target 111.45, Stop Loss @ 109.28 Details
If 109.54 begins to break higher, the technical summary data tells us to buy INGR just slightly over 109.54, with an upside target of 111.45. The data also tells us to set a stop loss @ 109.28 in case the stock turns against the trade. 109.54 is the first level of resistance above 109.26, and by rule, any break above resistance is a buy signal. In this case, 109.54, 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 INGR slightly near 109.54, target 109.02, Stop Loss @ 109.8. Details
The technical summary data is suggesting a short of INGR if it tests 109.54 with a downside target of 109.02. We should have a stop loss in place at 109.8 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, 109.54, 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 Ingredion Incorporated (INGR) available here: INGR.
INGR Ratings for January 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
97.94 |
| P2 |
108.64 |
107.49 |
104.87 |
| P3 |
109.54 |
109.02 |
111.45 |
AI Generated Signals for INGR
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Ingredion Incorporated (NASDAQ: INGR) report below is a real world example. Included are trading plans for INGR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for INGR:
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