(NAIL) Investment Analysis and Advice

June 01, 2024, 18:26 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NAIL

• Buy NAIL slightly over 99.96 target 125.05 stop loss @ 99.67 Details

The technical summary data tells us to buy NAIL near 99.96 with an upside target of 125.05. This data also tells us to set a stop loss @ 99.67 to protect against excessive loss in case the stock begins to move against the trade. 99.96 is the first level of support below 110.14 , and by rule, any test of support is a buy signal. In this case, support 99.96 would be being tested, so a buy signal would exist.

• Short NAIL slightly under 125.05, target 99.96, stop loss @ 125.41 Details

The technical summary data is suggesting a short of NAIL as it gets near 125.05 with a downside target of 99.96. We should have a stop loss in place at 125.41though. 125.05 is the first level of resistance above 110.14, and by rule, any test of resistance is a short signal. In this case, if resistance 125.05 is being tested, so a short signal would exist.

Swing Trading Plans for NAIL

• Buy NAIL slightly over 125.05, target 151.75, Stop Loss @ 124.69 Details

If 125.05 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 125.05, with an upside target of 151.75. The data also tells us to set a stop loss @ 124.69 in case the stock turns against the trade. 125.05 is the first level of resistance above 110.14, and by rule, any break above resistance is a buy signal. In this case, 125.05, 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 NAIL slightly near 125.05, target 102.24, Stop Loss @ 125.41. Details

The technical summary data is suggesting a short of NAIL if it tests 125.05 with a downside target of 102.24. We should have a stop loss in place at 125.41 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, 125.05, 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 NAIL

• Buy NAIL slightly over 125.05, target 151.75, Stop Loss @ 124.76 Details

If 125.05 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 125.05, with an upside target of 151.75. The data also tells us to set a stop loss @ 124.76 in case the stock turns against the trade. 125.05 is the first level of resistance above 110.14, and by rule, any break above resistance is a buy signal. In this case, 125.05, 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 NAIL slightly near 125.05, target 107, Stop Loss @ 125.34. Details

The technical summary data is suggesting a short of NAIL if it tests 125.05 with a downside target of 107. We should have a stop loss in place at 125.34 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, 125.05, 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 Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) available here: NAIL.

NAIL Ratings for June 01:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	99.96
P2	100.78	92.59	125.05
P3	107	102.24	151.75

AI Generated Signals for NAIL

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Prudent Investment Analysis requires observations of the support and resistance levels for Direxion Daily Homebuilders & Supplies Bull 3x Shares (NASDAQ: NAIL) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NAIL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NAIL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NAIL too.  All of these are offered below the Summary Table.