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How the price action of First Horizon Corp ($FHN) is used to our Advantage

Longer Term Trading Plans for FHN
  • 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 FHN slightly under 13.90, target n/a, stop loss @ 13.94 Details
  • The technical summary data is suggesting a short of FHN as it gets near 13.90, 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 13.94. 13.90 is the first level of resistance above 11.04, and by rule, any test of resistance is a short signal. In this case, if resistance 13.90 is being tested, so a short signal would exist.

Swing Trading Plans for FHN
  • Buy FHN slightly over 11.23, target 13.90, Stop Loss @ 11.2 Details
  • If 11.23 begins to break higher, the technical summary data tells us to buy FHN just slightly over 11.23, with an upside target of 13.90. The data also tells us to set a stop loss @ 11.2 in case the stock turns against the trade. 11.23 is the first level of resistance above 11.04, and by rule, any break above resistance is a buy signal. In this case, 11.23, 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 FHN slightly near 11.23, target 10.44, Stop Loss @ 11.26. Details
  • The technical summary data is suggesting a short of FHN if it tests 11.23 with a downside target of 10.44. We should have a stop loss in place at 11.26 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, 11.23, 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 FHN
  • Buy FHN slightly over 11.23, target 13.90, Stop Loss @ 11.2 Details
  • If 11.23 begins to break higher, the technical summary data tells us to buy FHN just slightly over 11.23, with an upside target of 13.90. The data also tells us to set a stop loss @ 11.2 in case the stock turns against the trade. 11.23 is the first level of resistance above 11.04, and by rule, any break above resistance is a buy signal. In this case, 11.23, 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 FHN slightly near 11.23, target 10.79, Stop Loss @ 11.26. Details
  • The technical summary data is suggesting a short of FHN if it tests 11.23 with a downside target of 10.79. We should have a stop loss in place at 11.26 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, 11.23, 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.

Real Time Updates are available on our  First Horizon Corp (FHN) Page here: FHN.

FHN Ratings for June 02:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 13.90
P2 10.25 10.44 18.39
P3 10.79 11.23 22.24
Triggers may have already come
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Support and Resistance Plot Chart for FHN

FHN Long Term Analysis for June 2 2023

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  First Horizon Corp (NYSE: FHN) data table below can help you with price action, and we have more details too. Trading plans for FHN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.