When the Price of (CATY) Talks, People Listen

March 29, 2024, 15:58 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CATY

• Buy CATY slightly over 37.76 target 41.38 stop loss @ 37.65 Details

The technical summary data tells us to buy CATY near 37.76 with an upside target of 41.38. This data also tells us to set a stop loss @ 37.65 to protect against excessive loss in case the stock begins to move against the trade. 37.76 is the first level of support below 37.83 , and by rule, any test of support is a buy signal. In this case, support 37.76 would be being tested, so a buy signal would exist.

• Short CATY slightly under 41.38, target 37.76, stop loss @ 41.5 Details

The technical summary data is suggesting a short of CATY as it gets near 41.38 with a downside target of 37.76. We should have a stop loss in place at 41.5though. 41.38 is the first level of resistance above 37.83, and by rule, any test of resistance is a short signal. In this case, if resistance 41.38 is being tested, so a short signal would exist.

Swing Trading Plans for CATY

• Buy CATY slightly over 38.22, target 41.38, Stop Loss @ 38.11 Details

If 38.22 begins to break higher, the technical summary data tells us to buy CATY just slightly over 38.22, with an upside target of 41.38. The data also tells us to set a stop loss @ 38.11 in case the stock turns against the trade. 38.22 is the first level of resistance above 37.83, and by rule, any break above resistance is a buy signal. In this case, 38.22, 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 CATY slightly near 38.22, target 37.76, Stop Loss @ 38.33. Details

The technical summary data is suggesting a short of CATY if it tests 38.22 with a downside target of 37.76. We should have a stop loss in place at 38.33 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, 38.22, 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 CATY

• Buy CATY slightly over 38.22, target 38.43, Stop Loss @ 38.13 Details

If 38.22 begins to break higher, the technical summary data tells us to buy CATY just slightly over 38.22, with an upside target of 38.43. The data also tells us to set a stop loss @ 38.13 in case the stock turns against the trade. 38.22 is the first level of resistance above 37.83, and by rule, any break above resistance is a buy signal. In this case, 38.22, 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 CATY slightly near 38.22, target 37.76, Stop Loss @ 38.31. Details

The technical summary data is suggesting a short of CATY if it tests 38.22 with a downside target of 37.76. We should have a stop loss in place at 38.31 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, 38.22, 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 Cathay General Bancorp (CATY) available here: CATY.

CATY Ratings for March 29:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	37.76
P2	37.65	36.66	41.38
P3	38.43	38.22	44.95

AI Generated Signals for CATY

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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 Cathay General Bancorp (NASDAQ: CATY) 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 CATY 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.