When the Price of (LOVE) Talks, People Listen
July 23, 2024, 00:46 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LOVE
- Buy LOVE slightly over 24.95 target 29.35 stop loss @ 24.88 Details
The technical summary data tells us to buy LOVE near 24.95 with an upside target of 29.35. This data also tells us to set a stop loss @ 24.88 to protect against excessive loss in case the stock begins to move against the trade. 24.95 is the first level of support below 28.46 , and by rule, any test of support is a buy signal. In this case, support 24.95 is being tested, a buy signal would exist.
- Short LOVE slightly under 29.35, target 24.95, stop loss @ 29.43 Details
The technical summary data is suggesting a short of LOVE as it gets near 29.35 with a downside target of 24.95. We should have a stop loss in place at 29.43though. 29.35 is the first level of resistance above 28.46, and by rule, any test of resistance is a short signal. In this case, if resistance 29.35 is being tested, a short signal would exist.
Swing Trading Plans for LOVE
- Buy LOVE slightly over 28.94, target 29.35, Stop Loss @ 28.86 Details
If 28.94 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 28.94, with an upside target of 29.35. The data also tells us to set a stop loss @ 28.86 in case the stock turns against the trade. 28.94 is the first level of resistance above 28.46, and by rule, any break above resistance is a buy signal. In this case, 28.94, 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 LOVE slightly near 28.94, target 24.95, Stop Loss @ 29.02. Details
The technical summary data is suggesting a short of LOVE if it tests 28.94 with a downside target of 24.95. We should have a stop loss in place at 29.02 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, 28.94, 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 LOVE
- Buy LOVE slightly over 28.48, target 28.94, Stop Loss @ 28.41 Details
If 28.48 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 28.48, with an upside target of 28.94. The data also tells us to set a stop loss @ 28.41 in case the stock turns against the trade. 28.48 is the first level of resistance above 28.46, and by rule, any break above resistance is a buy signal. In this case, 28.48, 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 LOVE slightly near 28.48, target 27.32, Stop Loss @ 28.55. Details
The technical summary data is suggesting a short of LOVE if it tests 28.48 with a downside target of 27.32. We should have a stop loss in place at 28.55 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, 28.48, 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 The Lovesac Company (LOVE) available here: LOVE.
LOVE Ratings for July 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
20.77 |
| P2 |
27.32 |
28.94 |
24.95 |
| P3 |
28.48 |
31.93 |
29.35 |
AI Generated Signals for LOVE
Blue = Current Price
Red= Resistance
Green = Support
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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 The Lovesac Company (NASDAQ: LOVE) 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 LOVE 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.
Fundamental Charts for LOVE:
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