Learn to Evaluate (FL) using the Charts
January 26, 2024, 18:58 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FL
- Buy FL slightly over 27.26 target n/a stop loss @ 27.18. Details
The technical summary data tells us to buy FL near 27.26, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 27.18 to protect against excessive loss in case the stock begins to move against the trade. 27.26 is the first level of support below 28.82, and by rule, any test of support is a buy signal. In this case, if support 27.26 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for FL
- Buy FL slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy FL just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 28.82, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 FL slightly near n/a, target 28.6, Stop Loss @ 0. Details
The technical summary data is suggesting a short of FL if it tests n/a with a downside target of 28.6. We should have a stop loss in place at 0 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, n/a, 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 FL
- Buy FL slightly over 28.84, target 29.81, Stop Loss @ 28.77 Details
If 28.84 begins to break higher, the technical summary data tells us to buy FL just slightly over 28.84, with an upside target of 29.81. The data also tells us to set a stop loss @ 28.77 in case the stock turns against the trade. 28.84 is the first level of resistance above 28.82, and by rule, any break above resistance is a buy signal. In this case, 28.84, 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 FL slightly near 28.84, target 28.6, Stop Loss @ 28.91. Details
The technical summary data is suggesting a short of FL if it tests 28.84 with a downside target of 28.6. We should have a stop loss in place at 28.91 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, 28.84, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Foot Locker Inc. (FL) available here: FL.
FL Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
12.85 |
| P2 |
28.84 |
26.11 |
19.94 |
| P3 |
29.81 |
28.6 |
27.26 |
AI Generated Signals for FL
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 Foot Locker Inc. (NYSE: FL) report below can help you understand how to do this. The trading plans for FL, 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 FL:
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