(TRNS) Trading Signals

October 25, 2024, 01:04 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TRNS

• Buy TRNS near 118.42 target 130.73 stop loss @ 118.08 Details

The technical summary data tells us to buy TRNS near 118.42 with an upside target of 130.73. This data also tells us to set a stop loss @ 118.08 to protect against excessive loss in case the stock begins to move against the trade. 118.42 is the first level of support below 123.46 , and by rule, any test of support is a buy signal. In this case, support 118.42 would be being tested, so a buy signal would exist.

• Short TRNS slightly under 130.73, target 118.42, stop loss @ 131.11 Details

The technical summary data is suggesting a short of TRNS as it gets near 130.73 with a downside target of 118.42. We should have a stop loss in place at 131.11though. 130.73 is the first level of resistance above 123.46, and by rule, any test of resistance is a short signal. In this case, if resistance 130.73 is being tested, so a short signal would exist.

Swing Trading Plans for TRNS

• Buy TRNS slightly over 126.13, target 130.73, Stop Loss @ 125.77 Details

If 126.13 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 126.13, with an upside target of 130.73. The data also tells us to set a stop loss @ 125.77 in case the stock turns against the trade. 126.13 is the first level of resistance above 123.46, and by rule, any break above resistance is a buy signal. In this case, 126.13, 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 TRNS slightly near 126.13, target 118.42, Stop Loss @ 126.49. Details

The technical summary data is suggesting a short of TRNS if it tests 126.13 with a downside target of 118.42. We should have a stop loss in place at 126.49 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, 126.13, 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 TRNS

• Buy TRNS slightly over 124.98, target 126.13, Stop Loss @ 124.69 Details

If 124.98 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 124.98, with an upside target of 126.13. The data also tells us to set a stop loss @ 124.69 in case the stock turns against the trade. 124.98 is the first level of resistance above 123.46, and by rule, any break above resistance is a buy signal. In this case, 124.98, 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 TRNS slightly near 124.98, target 122.05, Stop Loss @ 125.27. Details

The technical summary data is suggesting a short of TRNS if it tests 124.98 with a downside target of 122.05. We should have a stop loss in place at 125.27 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, 124.98, 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 Transcat Inc. (TRNS) available here: TRNS.

TRNS Ratings for October 25:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	118.42
P2	122.05	126.13	130.73
P3	124.98	132.87	144.09

AI Generated Signals for TRNS

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Trading Transcat Inc. (NASDAQ: TRNS) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TRNS 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 TRNS too.  All of these are offered below the Summary Table.