How the (ADI) price action is used to our Advantage
March 29, 2024, 12:26 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADI
- Buy ADI slightly over 188.28 target 201.69 stop loss @ 187.74 Details
The technical summary data tells us to buy ADI near 188.28 with an upside target of 201.69. This data also tells us to set a stop loss @ 187.74 to protect against excessive loss in case the stock begins to move against the trade. 188.28 is the first level of support below 197.79 , and by rule, any test of support is a buy signal. In this case, support 188.28 is being tested, a buy signal would exist.
- Short ADI slightly under 201.69, target 188.28, stop loss @ 202.27 Details
The technical summary data is suggesting a short of ADI as it gets near 201.69 with a downside target of 188.28. We should have a stop loss in place at 202.27though. 201.69 is the first level of resistance above 197.79, and by rule, any test of resistance is a short signal. In this case, if resistance 201.69 is being tested, a short signal would exist.
Swing Trading Plans for ADI
- Buy ADI slightly over 201.69, target n/a, Stop Loss @ 201.11 Details
If 201.69 begins to break higher, the technical summary data tells us to buy ADI just slightly over 201.69, with an upside target of n/a. The data also tells us to set a stop loss @ 201.11 in case the stock turns against the trade. 201.69 is the first level of resistance above 197.79, and by rule, any break above resistance is a buy signal. In this case, 201.69, 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 ADI slightly near 201.69, target 195.61, Stop Loss @ 202.27. Details
The technical summary data is suggesting a short of ADI if it tests 201.69 with a downside target of 195.61. We should have a stop loss in place at 202.27 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, 201.69, 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 ADI
- Buy ADI slightly over 201.69, target n/a, Stop Loss @ 201.22 Details
If 201.69 begins to break higher, the technical summary data tells us to buy ADI just slightly over 201.69, with an upside target of n/a. The data also tells us to set a stop loss @ 201.22 in case the stock turns against the trade. 201.69 is the first level of resistance above 197.79, and by rule, any break above resistance is a buy signal. In this case, 201.69, 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 ADI slightly near 201.69, target 197.29, Stop Loss @ 202.16. Details
The technical summary data is suggesting a short of ADI if it tests 201.69 with a downside target of 197.29. We should have a stop loss in place at 202.16 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, 201.69, 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 Analog Devices Inc. (ADI) available here: ADI.
ADI Ratings for March 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
175.03 |
| P2 |
192.16 |
188.99 |
188.28 |
| P3 |
197.29 |
195.61 |
201.69 |
AI Generated Signals for ADI
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 Analog Devices Inc. (NYSE: ADI) data table below can help you with price action, and we have more details too. Trading plans for ADI 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.
Fundamental Charts for ADI:
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