When the Price of (IPO) Talks, People Listen
October 01, 2024, 01:56 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IPO
- Buy IPO near 42.59 target 45.29 stop loss @ 42.47 Details
The technical summary data tells us to buy IPO near 42.59 with an upside target of 45.29. This data also tells us to set a stop loss @ 42.47 to protect against excessive loss in case the stock begins to move against the trade. 42.59 is the first level of support below 42.88 , and by rule, any test of support is a buy signal. In this case, support 42.59 is being tested, a buy signal would exist.
- Short IPO slightly under 45.29, target 42.59, stop loss @ 45.42 Details
The technical summary data is suggesting a short of IPO as it gets near 45.29 with a downside target of 42.59. We should have a stop loss in place at 45.42though. 45.29 is the first level of resistance above 42.88, and by rule, any test of resistance is a short signal. In this case, if resistance 45.29 is being tested, a short signal would exist.
Swing Trading Plans for IPO
- Buy IPO slightly over 42.94, target 43.62, Stop Loss @ 42.82 Details
If 42.94 begins to break higher, the technical summary data tells us to buy IPO just slightly over 42.94, with an upside target of 43.62. The data also tells us to set a stop loss @ 42.82 in case the stock turns against the trade. 42.94 is the first level of resistance above 42.88, and by rule, any break above resistance is a buy signal. In this case, 42.94, 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 IPO slightly near 42.94, target 42.59, Stop Loss @ 43.06. Details
The technical summary data is suggesting a short of IPO if it tests 42.94 with a downside target of 42.59. We should have a stop loss in place at 43.06 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, 42.94, 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 IPO
- Buy IPO slightly over 43.01, target 43.62, Stop Loss @ 42.91 Details
If 43.01 begins to break higher, the technical summary data tells us to buy IPO just slightly over 43.01, with an upside target of 43.62. The data also tells us to set a stop loss @ 42.91 in case the stock turns against the trade. 43.01 is the first level of resistance above 42.88, and by rule, any break above resistance is a buy signal. In this case, 43.01, 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 IPO slightly near 43.01, target 39.69, Stop Loss @ 43.11. Details
The technical summary data is suggesting a short of IPO if it tests 43.01 with a downside target of 39.69. We should have a stop loss in place at 43.11 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, 43.01, 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 Renaissance Ipo Etf (IPO) available here: IPO.
IPO Ratings for October 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
39.69 |
| P2 |
42.74 |
42.94 |
42.59 |
| P3 |
43.01 |
43.62 |
45.29 |
AI Generated Signals for IPO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Renaissance Ipo Etf (NYSE: IPO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for IPO can be used as an example, and demonstrate how to do this for other stocks too. This 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.
Fundamental Charts for IPO:
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