When the Price of (CODI) Talks, People Listen
March 21, 2024, 14:26 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CODI
- Buy CODI slightly over 22.19 target 24.12 stop loss @ 22.13 Details
The technical summary data tells us to buy CODI near 22.19 with an upside target of 24.12. This data also tells us to set a stop loss @ 22.13 to protect against excessive loss in case the stock begins to move against the trade. 22.19 is the first level of support below 24.11 , and by rule, any test of support is a buy signal. In this case, support 22.19 is being tested, a buy signal would exist.
- Short CODI slightly under 24.12, target 22.19, stop loss @ 24.19 Details
The technical summary data is suggesting a short of CODI as it gets near 24.12 with a downside target of 22.19. We should have a stop loss in place at 24.19though. 24.12 is the first level of resistance above 24.11, and by rule, any test of resistance is a short signal. In this case, if resistance 24.12 is being tested, a short signal would exist.
Swing Trading Plans for CODI
- Buy CODI slightly over 24.12, target n/a, Stop Loss @ 24.05 Details
If 24.12 begins to break higher, the technical summary data tells us to buy CODI just slightly over 24.12, with an upside target of n/a. The data also tells us to set a stop loss @ 24.05 in case the stock turns against the trade. 24.12 is the first level of resistance above 24.11, and by rule, any break above resistance is a buy signal. In this case, 24.12, 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 CODI slightly near 24.12, target 23.05, Stop Loss @ 24.19. Details
The technical summary data is suggesting a short of CODI if it tests 24.12 with a downside target of 23.05. We should have a stop loss in place at 24.19 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, 24.12, 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 CODI
- Buy CODI slightly over 24.12, target n/a, Stop Loss @ 24.06 Details
If 24.12 begins to break higher, the technical summary data tells us to buy CODI just slightly over 24.12, with an upside target of n/a. The data also tells us to set a stop loss @ 24.06 in case the stock turns against the trade. 24.12 is the first level of resistance above 24.11, and by rule, any break above resistance is a buy signal. In this case, 24.12, 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 CODI slightly near 24.12, target 23.6, Stop Loss @ 24.18. Details
The technical summary data is suggesting a short of CODI if it tests 24.12 with a downside target of 23.6. We should have a stop loss in place at 24.18 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, 24.12, 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 D/b/a Compass Diversified Holdings Shares Of Beneficial Interest (CODI) available here: CODI.
CODI Ratings for March 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
20.26 |
| P2 |
23.6 |
23.05 |
22.19 |
| P3 |
23.81 |
23.99 |
24.12 |
AI Generated Signals for CODI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of D/b/a Compass Diversified Holdings Shares Of Beneficial Interest (NASDAQ: CODI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CODI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CODI:
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