How the (NE) price action is used to our Advantage
February 22, 2024, 05:34 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NE
- Buy NE slightly over 43.22 target 48.72 stop loss @ 43.1 Details
The technical summary data tells us to buy NE near 43.22 with an upside target of 48.72. This data also tells us to set a stop loss @ 43.1 to protect against excessive loss in case the stock begins to move against the trade. 43.22 is the first level of support below 43.63 , and by rule, any test of support is a buy signal. In this case, support 43.22 would be being tested, so a buy signal would exist.
- Short NE slightly under 48.72, target 43.22, stop loss @ 48.86 Details
The technical summary data is suggesting a short of NE as it gets near 48.72 with a downside target of 43.22. We should have a stop loss in place at 48.86though. 48.72 is the first level of resistance above 43.63, and by rule, any test of resistance is a short signal. In this case, if resistance 48.72 is being tested, so a short signal would exist.
Swing Trading Plans for NE
- Buy NE slightly over 44.17, target 48.72, Stop Loss @ 44.04 Details
If 44.17 begins to break higher, the technical summary data tells us to buy NE just slightly over 44.17, with an upside target of 48.72. The data also tells us to set a stop loss @ 44.04 in case the stock turns against the trade. 44.17 is the first level of resistance above 43.63, and by rule, any break above resistance is a buy signal. In this case, 44.17, 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 NE slightly near 44.17, target 43.22, Stop Loss @ 44.3. Details
The technical summary data is suggesting a short of NE if it tests 44.17 with a downside target of 43.22. We should have a stop loss in place at 44.3 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, 44.17, 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 NE
- Buy NE slightly over 44.17, target 48.72, Stop Loss @ 44.07 Details
If 44.17 begins to break higher, the technical summary data tells us to buy NE just slightly over 44.17, with an upside target of 48.72. The data also tells us to set a stop loss @ 44.07 in case the stock turns against the trade. 44.17 is the first level of resistance above 43.63, and by rule, any break above resistance is a buy signal. In this case, 44.17, 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 NE slightly near 44.17, target 43.34, Stop Loss @ 44.27. Details
The technical summary data is suggesting a short of NE if it tests 44.17 with a downside target of 43.34. We should have a stop loss in place at 44.27 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, 44.17, 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 Noble Corporation Plc A (NE) available here: NE.
NE Ratings for February 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
43.22 |
| P2 |
42.29 |
42.63 |
48.72 |
| P3 |
43.34 |
44.17 |
54.44 |
AI Generated Signals for NE
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 Noble Corporation Plc A (NYSE: NE) data table below can help you with price action, and we have more details too. Trading plans for NE 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 NE:
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