How the (LCNB) price action is used to our Advantage
May 12, 2024, 09:40 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LCNB
- Buy LCNB slightly over 13.5 target 14.84 stop loss @ 13.46 Details
The technical summary data tells us to buy LCNB near 13.5 with an upside target of 14.84. This data also tells us to set a stop loss @ 13.46 to protect against excessive loss in case the stock begins to move against the trade. 13.5 is the first level of support below 14.65 , and by rule, any test of support is a buy signal. In this case, support 13.5 would be being tested, so a buy signal would exist.
- Short LCNB slightly under 14.84, target 13.5, stop loss @ 14.88 Details
The technical summary data is suggesting a short of LCNB as it gets near 14.84 with a downside target of 13.5. We should have a stop loss in place at 14.88though. 14.84 is the first level of resistance above 14.65, and by rule, any test of resistance is a short signal. In this case, if resistance 14.84 is being tested, so a short signal would exist.
Swing Trading Plans for LCNB
- Buy LCNB slightly over 14.84, target 16.21, Stop Loss @ 14.8 Details
If 14.84 begins to break higher, the technical summary data tells us to buy LCNB just slightly over 14.84, with an upside target of 16.21. The data also tells us to set a stop loss @ 14.8 in case the stock turns against the trade. 14.84 is the first level of resistance above 14.65, and by rule, any break above resistance is a buy signal. In this case, 14.84, 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 LCNB slightly near 14.84, target 14.13, Stop Loss @ 14.88. Details
The technical summary data is suggesting a short of LCNB if it tests 14.84 with a downside target of 14.13. We should have a stop loss in place at 14.88 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, 14.84, 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 LCNB
- Buy LCNB slightly over 14.92, target 16.21, Stop Loss @ 14.89 Details
If 14.92 begins to break higher, the technical summary data tells us to buy LCNB just slightly over 14.92, with an upside target of 16.21. The data also tells us to set a stop loss @ 14.89 in case the stock turns against the trade. 14.92 is the first level of resistance above 14.65, and by rule, any break above resistance is a buy signal. In this case, 14.92, 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 LCNB slightly near 14.92, target 14.13, Stop Loss @ 14.95. Details
The technical summary data is suggesting a short of LCNB if it tests 14.92 with a downside target of 14.13. We should have a stop loss in place at 14.95 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, 14.92, 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 Lcnb Corporation (LCNB) available here: LCNB.
LCNB Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
13.5 |
| P2 |
14.66 |
14.13 |
14.84 |
| P3 |
14.92 |
14.75 |
16.21 |
AI Generated Signals for LCNB
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 Lcnb Corporation (NASDAQ: LCNB) data table below can help you with price action, and we have more details too. Trading plans for LCNB 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 LCNB:
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