January 17, 2024, 13:44 pm ET, BY Quentin W. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CDAY
- Buy CDAY slightly over 61.33 target 67.14 stop loss @ 61.15 Details
The technical summary data tells us to buy CDAY near 61.33 with an upside target of 67.14. This data also tells us to set a stop loss @ 61.15 to protect against excessive loss in case the stock begins to move against the trade. 61.33 is the first level of support below 64.5 , and by rule, any test of support is a buy signal. In this case, support 61.33 would be being tested, so a buy signal would exist.
- Short CDAY slightly under 67.14, target 61.33, stop loss @ 67.33 Details
The technical summary data is suggesting a short of CDAY as it gets near 67.14 with a downside target of 61.33. We should have a stop loss in place at 67.33though. 67.14 is the first level of resistance above 64.5, and by rule, any test of resistance is a short signal. In this case, if resistance 67.14 is being tested, so a short signal would exist.
Swing Trading Plans for CDAY
- Buy CDAY slightly over 65.88, target 67.14, Stop Loss @ 65.69 Details
If 65.88 begins to break higher, the technical summary data tells us to buy CDAY just slightly over 65.88, with an upside target of 67.14. The data also tells us to set a stop loss @ 65.69 in case the stock turns against the trade. 65.88 is the first level of resistance above 64.5, and by rule, any break above resistance is a buy signal. In this case, 65.88, 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 CDAY slightly near 65.88, target 63.06, Stop Loss @ 66.07. Details
The technical summary data is suggesting a short of CDAY if it tests 65.88 with a downside target of 63.06. We should have a stop loss in place at 66.07 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, 65.88, 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 CDAY
- Buy CDAY slightly over 65.52, target 65.88, Stop Loss @ 65.37 Details
If 65.52 begins to break higher, the technical summary data tells us to buy CDAY just slightly over 65.52, with an upside target of 65.88. The data also tells us to set a stop loss @ 65.37 in case the stock turns against the trade. 65.52 is the first level of resistance above 64.5, and by rule, any break above resistance is a buy signal. In this case, 65.52, 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 CDAY slightly near 65.52, target 64.33, Stop Loss @ 65.67. Details
The technical summary data is suggesting a short of CDAY if it tests 65.52 with a downside target of 64.33. We should have a stop loss in place at 65.67 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, 65.52, 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 Ceridian Hcm Holding Inc. (CDAY) available here: CDAY.
CDAY Ratings for January 17:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Weak |
Neutral |
P1 |
0 |
0 |
61.33 |
P2 |
64.33 |
63.06 |
67.14 |
P3 |
65.52 |
65.88 |
73.03 |
AI Generated Signals for CDAY
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for CDAY: