How the (JBSS) price action is used to our Advantage
January 20, 2024, 01:16 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JBSS
- Buy JBSS slightly over 93.11 target 104.88 stop loss @ 92.84 Details
The technical summary data tells us to buy JBSS near 93.11 with an upside target of 104.88. This data also tells us to set a stop loss @ 92.84 to protect against excessive loss in case the stock begins to move against the trade. 93.11 is the first level of support below 104.51 , and by rule, any test of support is a buy signal. In this case, support 93.11 would be being tested, so a buy signal would exist.
- Short JBSS slightly under 104.88, target 93.11, stop loss @ 105.18 Details
The technical summary data is suggesting a short of JBSS as it gets near 104.88 with a downside target of 93.11. We should have a stop loss in place at 105.18though. 104.88 is the first level of resistance above 104.51, and by rule, any test of resistance is a short signal. In this case, if resistance 104.88 is being tested, so a short signal would exist.
Swing Trading Plans for JBSS
- Buy JBSS slightly over 104.88, target 106.74, Stop Loss @ 104.58 Details
If 104.88 begins to break higher, the technical summary data tells us to buy JBSS just slightly over 104.88, with an upside target of 106.74. The data also tells us to set a stop loss @ 104.58 in case the stock turns against the trade. 104.88 is the first level of resistance above 104.51, and by rule, any break above resistance is a buy signal. In this case, 104.88, 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 JBSS slightly near 104.88, target 102.21, Stop Loss @ 105.18. Details
The technical summary data is suggesting a short of JBSS if it tests 104.88 with a downside target of 102.21. We should have a stop loss in place at 105.18 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, 104.88, 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 JBSS
- Buy JBSS slightly over 104.88, target 105.36, Stop Loss @ 104.64 Details
If 104.88 begins to break higher, the technical summary data tells us to buy JBSS just slightly over 104.88, with an upside target of 105.36. The data also tells us to set a stop loss @ 104.64 in case the stock turns against the trade. 104.88 is the first level of resistance above 104.51, and by rule, any break above resistance is a buy signal. In this case, 104.88, 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 JBSS slightly near 104.88, target 102.21, Stop Loss @ 105.12. Details
The technical summary data is suggesting a short of JBSS if it tests 104.88 with a downside target of 102.21. We should have a stop loss in place at 105.12 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, 104.88, 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 John B. Sanfilippo & Son Inc. (JBSS) available here: JBSS.
JBSS Ratings for January 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
93.11 |
| P2 |
105.36 |
102.21 |
104.88 |
| P3 |
106.94 |
106.74 |
116.98 |
AI Generated Signals for JBSS
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 John B. Sanfilippo & Son Inc. (NASDAQ: JBSS) data table below can help you with price action, and we have more details too. Trading plans for JBSS 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 JBSS:
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