Learn to Evaluate (MORN) using the Charts

July 23, 2024, 06:32 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MORN

• Buy MORN slightly over 295.26 target 314.45 stop loss @ 294.41 Details

The technical summary data tells us to buy MORN near 295.26 with an upside target of 314.45. This data also tells us to set a stop loss @ 294.41 to protect against excessive loss in case the stock begins to move against the trade. 295.26 is the first level of support below 309.33 , and by rule, any test of support is a buy signal. In this case, support 295.26 would be being tested, so a buy signal would exist.

• Short MORN slightly under 314.45, target 295.26, stop loss @ 315.36 Details

The technical summary data is suggesting a short of MORN as it gets near 314.45 with a downside target of 295.26. We should have a stop loss in place at 315.36though. 314.45 is the first level of resistance above 309.33, and by rule, any test of resistance is a short signal. In this case, if resistance 314.45 is being tested, so a short signal would exist.

Swing Trading Plans for MORN

• Buy MORN slightly over 314.45, target 316.01, Stop Loss @ 313.54 Details

If 314.45 begins to break higher, the technical summary data tells us to buy MORN just slightly over 314.45, with an upside target of 316.01. The data also tells us to set a stop loss @ 313.54 in case the stock turns against the trade. 314.45 is the first level of resistance above 309.33, and by rule, any break above resistance is a buy signal. In this case, 314.45, 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 MORN slightly near 314.45, target 307.06, Stop Loss @ 315.36. Details

The technical summary data is suggesting a short of MORN if it tests 314.45 with a downside target of 307.06. We should have a stop loss in place at 315.36 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, 314.45, 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 MORN

• Buy MORN slightly over 314.45, target 316.01, Stop Loss @ 313.72 Details

If 314.45 begins to break higher, the technical summary data tells us to buy MORN just slightly over 314.45, with an upside target of 316.01. The data also tells us to set a stop loss @ 313.72 in case the stock turns against the trade. 314.45 is the first level of resistance above 309.33, and by rule, any break above resistance is a buy signal. In this case, 314.45, 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 MORN slightly near 314.45, target 309.27, Stop Loss @ 315.18. Details

The technical summary data is suggesting a short of MORN if it tests 314.45 with a downside target of 309.27. We should have a stop loss in place at 315.18 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, 314.45, 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  Morningstar Inc. (MORN) available here: MORN.

MORN Ratings for July 23:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	295.26
P2	303.64	307.06	314.45
P3	309.27	316.01	333.17

AI Generated Signals for MORN

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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  Morningstar Inc. (NASDAQ: MORN) report below can help you understand how to do this. The trading plans for MORN, 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.