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Sometimes Stocks Move Fast, and Tripadvisor #TRIP is no Exception

Whether a #stock moves fast or slow, one thing is always true.  The forces of #supplyanddemand determine the #price of Tripadvisor (NASDAQ: TRIP) and every other stock on the market.  The price someone is willing to pay for TRIP directly impacts its price, but that is offset by what others are willing to sell it for too.  The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage.  This is what we have done in the example below.  Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Weak Weak Strong
P1 0 0 39.27
P2 43.05 43.40 47.59
P3 45.09 45.56 57.52
Triggers may have already come
Support and Resistance Plot Chart for TRIP

Long Term Trading Plans for TRIP

May 9, 2021, 12:00 pm ET

The Technical Summary and Trading Plans for TRIP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TRIP Report.

TRIP - (Long) Support Plan

The technical summary data tells us to buy TRIP near 39.27 with an upside target of 47.59. This data also tells us to set a stop loss @ 39.16 to protect against excessive loss in case the stock begins to move against the trade. 39.27 is the first level of support below 44.17 , and by rule, any test of support is a buy signal. In this case, support 39.27 would be being tested, so a buy signal would exist.

TRIP - (Short) Resistance Plan

The technical summary data is suggesting a short of TRIP as it gets near 47.59 with a downside target of 39.27. We should have a stop loss in place at 47.73though. 47.59 is the first level of resistance above 44.17, and by rule, any test of resistance is a short signal. In this case, if resistance 47.59 is being tested, so a short signal would exist.

Blue = Current Price
Red= Resistance
Green = Support

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