(LPLA) Pivots Trading Plans and Risk Controls

October 23, 2024, 01:30 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LPLA

• Buy LPLA near 247.23 target 278.37 stop loss @ 246.52 Details

The technical summary data tells us to buy LPLA near 247.23 with an upside target of 278.37. This data also tells us to set a stop loss @ 246.52 to protect against excessive loss in case the stock begins to move against the trade. 247.23 is the first level of support below 256.08 , and by rule, any test of support is a buy signal. In this case, support 247.23 is being tested, a buy signal would exist.

• Short LPLA slightly under 278.37, target 247.23, stop loss @ 279.17 Details

The technical summary data is suggesting a short of LPLA as it gets near 278.37 with a downside target of 247.23. We should have a stop loss in place at 279.17though. 278.37 is the first level of resistance above 256.08, and by rule, any test of resistance is a short signal. In this case, if resistance 278.37 is being tested, a short signal would exist.

Swing Trading Plans for LPLA

• Buy LPLA slightly over 258.33, target 266.02, Stop Loss @ 257.58 Details

If 258.33 begins to break higher, the technical summary data tells us to buy LPLA just slightly over 258.33, with an upside target of 266.02. The data also tells us to set a stop loss @ 257.58 in case the stock turns against the trade. 258.33 is the first level of resistance above 256.08, and by rule, any break above resistance is a buy signal. In this case, 258.33, 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 LPLA slightly near 258.33, target 247.23, Stop Loss @ 259.08. Details

The technical summary data is suggesting a short of LPLA if it tests 258.33 with a downside target of 247.23. We should have a stop loss in place at 259.08 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, 258.33, 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 LPLA

• Buy LPLA slightly over 258.33, target 259.85, Stop Loss @ 257.73 Details

If 258.33 begins to break higher, the technical summary data tells us to buy LPLA just slightly over 258.33, with an upside target of 259.85. The data also tells us to set a stop loss @ 257.73 in case the stock turns against the trade. 258.33 is the first level of resistance above 256.08, and by rule, any break above resistance is a buy signal. In this case, 258.33, 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 LPLA slightly near 258.33, target 254.81, Stop Loss @ 258.93. Details

The technical summary data is suggesting a short of LPLA if it tests 258.33 with a downside target of 254.81. We should have a stop loss in place at 258.93 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, 258.33, 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 Lpl Financial Holdings Inc. (LPLA) available here: LPLA.

LPLA Ratings for October 23:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	213.67
P2	254.81	258.33	247.23
P3	259.85	266.02	278.37

AI Generated Signals for LPLA

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This Lpl Financial Holdings Inc. (NASDAQ: LPLA) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

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