When (SNPS) Moves Investors should Listen
February 17, 2024, 20:12 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNPS
- Buy SNPS slightly over 549.01 target 584.51 stop loss @ 547.42 Details
The technical summary data tells us to buy SNPS near 549.01 with an upside target of 584.51. This data also tells us to set a stop loss @ 547.42 to protect against excessive loss in case the stock begins to move against the trade. 549.01 is the first level of support below 552.91 , and by rule, any test of support is a buy signal. In this case, support 549.01 is being tested, a buy signal would exist.
- Short SNPS slightly under 584.51, target 549.01, stop loss @ 586.2 Details
The technical summary data is suggesting a short of SNPS as it gets near 584.51 with a downside target of 549.01. We should have a stop loss in place at 586.2though. 584.51 is the first level of resistance above 552.91, and by rule, any test of resistance is a short signal. In this case, if resistance 584.51 is being tested, a short signal would exist.
Swing Trading Plans for SNPS
- Buy SNPS slightly over 556.01, target 581.07, Stop Loss @ 554.4 Details
If 556.01 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 556.01, with an upside target of 581.07. The data also tells us to set a stop loss @ 554.4 in case the stock turns against the trade. 556.01 is the first level of resistance above 552.91, and by rule, any break above resistance is a buy signal. In this case, 556.01, 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 SNPS slightly near 556.01, target 549.01, Stop Loss @ 557.62. Details
The technical summary data is suggesting a short of SNPS if it tests 556.01 with a downside target of 549.01. We should have a stop loss in place at 557.62 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, 556.01, 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 SNPS
- Buy SNPS slightly over 556.01, target 559.38, Stop Loss @ 554.71 Details
If 556.01 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 556.01, with an upside target of 559.38. The data also tells us to set a stop loss @ 554.71 in case the stock turns against the trade. 556.01 is the first level of resistance above 552.91, and by rule, any break above resistance is a buy signal. In this case, 556.01, 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 SNPS slightly near 556.01, target 549.01, Stop Loss @ 557.31. Details
The technical summary data is suggesting a short of SNPS if it tests 556.01 with a downside target of 549.01. We should have a stop loss in place at 557.31 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, 556.01, 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 Synopsys Inc. (SNPS) available here: SNPS.
SNPS Ratings for February 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
514.98 |
| P2 |
542.14 |
556.01 |
549.01 |
| P3 |
559.38 |
581.07 |
584.51 |
AI Generated Signals for SNPS
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 Synopsys Inc. (NASDAQ: SNPS) report below is a real world example. Included are trading plans for SNPS, 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 SNPS:
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