Trading (CATY) With Integrated Risk Controls
January 26, 2024, 14:20 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CATY
- Buy CATY slightly over 38.48 target 43.71 stop loss @ 38.37 Details
The technical summary data tells us to buy CATY near 38.48 with an upside target of 43.71. This data also tells us to set a stop loss @ 38.37 to protect against excessive loss in case the stock begins to move against the trade. 38.48 is the first level of support below 43.015 , and by rule, any test of support is a buy signal. In this case, support 38.48 is being tested, a buy signal would exist.
- Short CATY slightly under 43.71, target 38.48, stop loss @ 43.84 Details
The technical summary data is suggesting a short of CATY as it gets near 43.71 with a downside target of 38.48. We should have a stop loss in place at 43.84though. 43.71 is the first level of resistance above 43.015, and by rule, any test of resistance is a short signal. In this case, if resistance 43.71 is being tested, a short signal would exist.
Swing Trading Plans for CATY
- Buy CATY slightly over 43.91, target n/a, Stop Loss @ 43.78 Details
If 43.91 begins to break higher, the technical summary data tells us to buy CATY just slightly over 43.91, with an upside target of n/a. The data also tells us to set a stop loss @ 43.78 in case the stock turns against the trade. 43.91 is the first level of resistance above 43.015, and by rule, any break above resistance is a buy signal. In this case, 43.91, 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 CATY slightly near 43.91, target 41.89, Stop Loss @ 44.04. Details
The technical summary data is suggesting a short of CATY if it tests 43.91 with a downside target of 41.89. We should have a stop loss in place at 44.04 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, 43.91, 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 CATY
- Buy CATY slightly over 43.91, target 44.42, Stop Loss @ 43.81 Details
If 43.91 begins to break higher, the technical summary data tells us to buy CATY just slightly over 43.91, with an upside target of 44.42. The data also tells us to set a stop loss @ 43.81 in case the stock turns against the trade. 43.91 is the first level of resistance above 43.015, and by rule, any break above resistance is a buy signal. In this case, 43.91, 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 CATY slightly near 43.91, target 42.83, Stop Loss @ 44.01. Details
The technical summary data is suggesting a short of CATY if it tests 43.91 with a downside target of 42.83. We should have a stop loss in place at 44.01 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, 43.91, 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 Cathay General Bancorp (CATY) available here: CATY.
CATY Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
33.14 |
| P2 |
42.83 |
41.89 |
38.48 |
| P3 |
44.42 |
43.91 |
43.71 |
AI Generated Signals for CATY
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CATY:
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