Learn to Evaluate (CVI) using the Charts
October 20, 2024, 22:18 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CVI
- Buy CVI near 21.4 target 24.88 stop loss @ 21.34 Details
The technical summary data tells us to buy CVI near 21.4 with an upside target of 24.88. This data also tells us to set a stop loss @ 21.34 to protect against excessive loss in case the stock begins to move against the trade. 21.4 is the first level of support below 24.52 , and by rule, any test of support is a buy signal. In this case, support 21.4 would be being tested, so a buy signal would exist.
- Short CVI slightly under 24.88, target 21.4, stop loss @ 24.95 Details
The technical summary data is suggesting a short of CVI as it gets near 24.88 with a downside target of 21.4. We should have a stop loss in place at 24.95though. 24.88 is the first level of resistance above 24.52, and by rule, any test of resistance is a short signal. In this case, if resistance 24.88 is being tested, so a short signal would exist.
Swing Trading Plans for CVI
- Buy CVI slightly over 24.55, target 24.88, Stop Loss @ 24.48 Details
If 24.55 begins to break higher, the technical summary data tells us to buy CVI just slightly over 24.55, with an upside target of 24.88. The data also tells us to set a stop loss @ 24.48 in case the stock turns against the trade. 24.55 is the first level of resistance above 24.52, and by rule, any break above resistance is a buy signal. In this case, 24.55, 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 CVI slightly near 24.55, target 23.6, Stop Loss @ 24.62. Details
The technical summary data is suggesting a short of CVI if it tests 24.55 with a downside target of 23.6. We should have a stop loss in place at 24.62 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, 24.55, 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 CVI
- Buy CVI slightly over 24.61, target 24.88, Stop Loss @ 24.55 Details
If 24.61 begins to break higher, the technical summary data tells us to buy CVI just slightly over 24.61, with an upside target of 24.88. The data also tells us to set a stop loss @ 24.55 in case the stock turns against the trade. 24.61 is the first level of resistance above 24.52, and by rule, any break above resistance is a buy signal. In this case, 24.61, 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 CVI slightly near 24.61, target 23.83, Stop Loss @ 24.67. Details
The technical summary data is suggesting a short of CVI if it tests 24.61 with a downside target of 23.83. We should have a stop loss in place at 24.67 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, 24.61, 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 Cvr Energy Inc. (CVI) available here: CVI.
CVI Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Weak |
| P1 |
0 |
0 |
21.4 |
| P2 |
23.83 |
23.6 |
24.88 |
| P3 |
24.61 |
24.55 |
28.54 |
AI Generated Signals for CVI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Cvr Energy Inc. (NYSE: CVI) report below can help you understand how to do this. The trading plans for CVI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CVI:
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