(NARI) Investment Analysis

June 01, 2024, 18:36 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NARI

• Buy NARI slightly over 46.62 target 55.24 stop loss @ 46.49 Details

The technical summary data tells us to buy NARI near 46.62 with an upside target of 55.24. This data also tells us to set a stop loss @ 46.49 to protect against excessive loss in case the stock begins to move against the trade. 46.62 is the first level of support below 50 , and by rule, any test of support is a buy signal. In this case, support 46.62 is being tested, a buy signal would exist.

• Short NARI slightly under 55.24, target 46.62, stop loss @ 55.4 Details

The technical summary data is suggesting a short of NARI as it gets near 55.24 with a downside target of 46.62. We should have a stop loss in place at 55.4though. 55.24 is the first level of resistance above 50, and by rule, any test of resistance is a short signal. In this case, if resistance 55.24 is being tested, a short signal would exist.

Swing Trading Plans for NARI

• Buy NARI slightly over 52, target 55.24, Stop Loss @ 51.85 Details

If 52 begins to break higher, the technical summary data tells us to buy NARI just slightly over 52, with an upside target of 55.24. The data also tells us to set a stop loss @ 51.85 in case the stock turns against the trade. 52 is the first level of resistance above 50, and by rule, any break above resistance is a buy signal. In this case, 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 NARI slightly near 52, target 49.75, Stop Loss @ 52.15. Details

The technical summary data is suggesting a short of NARI if it tests 52 with a downside target of 49.75. We should have a stop loss in place at 52.15 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, 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.

Day Trading Plans for NARI

• Buy NARI slightly over 50.4, target 51.44, Stop Loss @ 50.28 Details

If 50.4 begins to break higher, the technical summary data tells us to buy NARI just slightly over 50.4, with an upside target of 51.44. The data also tells us to set a stop loss @ 50.28 in case the stock turns against the trade. 50.4 is the first level of resistance above 50, and by rule, any break above resistance is a buy signal. In this case, 50.4, 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 NARI slightly near 50.4, target 49.75, Stop Loss @ 50.52. Details

The technical summary data is suggesting a short of NARI if it tests 50.4 with a downside target of 49.75. We should have a stop loss in place at 50.52 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, 50.4, 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 Inari Medical Inc. (NARI) available here: NARI.

NARI Ratings for June 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	38.17
P2	50.4	49.75	46.62
P3	51.44	52	55.24

AI Generated Signals for NARI

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With an objective approach to Inari Medical Inc. (NASDAQ: NARI), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

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

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Instructions:

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