(MCRI) Technical Data

November 02, 2024, 22:30 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MCRI

• Buy MCRI near 75.71 target 80.54 stop loss @ 75.49 Details

The technical summary data tells us to buy MCRI near 75.71 with an upside target of 80.54. This data also tells us to set a stop loss @ 75.49 to protect against excessive loss in case the stock begins to move against the trade. 75.71 is the first level of support below 78.45 , and by rule, any test of support is a buy signal. In this case, support 75.71 is being tested, a buy signal would exist.

• Short MCRI slightly under 80.54, target 75.71, stop loss @ 80.77 Details

The technical summary data is suggesting a short of MCRI as it gets near 80.54 with a downside target of 75.71. We should have a stop loss in place at 80.77though. 80.54 is the first level of resistance above 78.45, and by rule, any test of resistance is a short signal. In this case, if resistance 80.54 is being tested, a short signal would exist.

Swing Trading Plans for MCRI

• Buy MCRI slightly over 80.54, target 81.79, Stop Loss @ 80.31 Details

If 80.54 begins to break higher, the technical summary data tells us to buy MCRI just slightly over 80.54, with an upside target of 81.79. The data also tells us to set a stop loss @ 80.31 in case the stock turns against the trade. 80.54 is the first level of resistance above 78.45, and by rule, any break above resistance is a buy signal. In this case, 80.54, 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 MCRI slightly near 80.54, target 77.9, Stop Loss @ 80.77. Details

The technical summary data is suggesting a short of MCRI if it tests 80.54 with a downside target of 77.9. We should have a stop loss in place at 80.77 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, 80.54, 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 MCRI

• Buy MCRI slightly over 79.18, target 80.54, Stop Loss @ 79 Details

If 79.18 begins to break higher, the technical summary data tells us to buy MCRI just slightly over 79.18, with an upside target of 80.54. The data also tells us to set a stop loss @ 79 in case the stock turns against the trade. 79.18 is the first level of resistance above 78.45, and by rule, any break above resistance is a buy signal. In this case, 79.18, 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 MCRI slightly near 79.18, target 78.15, Stop Loss @ 79.36. Details

The technical summary data is suggesting a short of MCRI if it tests 79.18 with a downside target of 78.15. We should have a stop loss in place at 79.36 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, 79.18, 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 Monarch Casino & Resort Inc. (MCRI) available here: MCRI.

MCRI Ratings for November 02:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	71.19
P2	78.15	77.9	75.71
P3	79.18	81.79	80.54

AI Generated Signals for MCRI

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Monarch Casino & Resort Inc. (NASDAQ: MCRI) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MCRI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MCRI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MCRI too.  All of these are offered below the Summary Table.