(NDSN) Technical Pivots with Risk Controls

November 10, 2024, 00:42 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NDSN

• Buy NDSN near 249.79 target 269.39 stop loss @ 249.07 Details

The technical summary data tells us to buy NDSN near 249.79 with an upside target of 269.39. This data also tells us to set a stop loss @ 249.07 to protect against excessive loss in case the stock begins to move against the trade. 249.79 is the first level of support below 261.44 , and by rule, any test of support is a buy signal. In this case, support 249.79 is being tested, a buy signal would exist.

• Short NDSN slightly under 269.39, target 249.79, stop loss @ 270.17 Details

The technical summary data is suggesting a short of NDSN as it gets near 269.39 with a downside target of 249.79. We should have a stop loss in place at 270.17though. 269.39 is the first level of resistance above 261.44, and by rule, any test of resistance is a short signal. In this case, if resistance 269.39 is being tested, a short signal would exist.

Swing Trading Plans for NDSN

• Buy NDSN slightly over 262.29, target 269.39, Stop Loss @ 261.53 Details

If 262.29 begins to break higher, the technical summary data tells us to buy NDSN just slightly over 262.29, with an upside target of 269.39. The data also tells us to set a stop loss @ 261.53 in case the stock turns against the trade. 262.29 is the first level of resistance above 261.44, and by rule, any break above resistance is a buy signal. In this case, 262.29, 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 NDSN slightly near 262.29, target 253.46, Stop Loss @ 263.05. Details

The technical summary data is suggesting a short of NDSN if it tests 262.29 with a downside target of 253.46. We should have a stop loss in place at 263.05 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, 262.29, 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 NDSN

• Buy NDSN slightly over 262.29, target 268.41, Stop Loss @ 261.68 Details

If 262.29 begins to break higher, the technical summary data tells us to buy NDSN just slightly over 262.29, with an upside target of 268.41. The data also tells us to set a stop loss @ 261.68 in case the stock turns against the trade. 262.29 is the first level of resistance above 261.44, and by rule, any break above resistance is a buy signal. In this case, 262.29, 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 NDSN slightly near 262.29, target 260.59, Stop Loss @ 262.9. Details

The technical summary data is suggesting a short of NDSN if it tests 262.29 with a downside target of 260.59. We should have a stop loss in place at 262.9 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, 262.29, 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 Nordson Corporation (NDSN) available here: NDSN.

NDSN Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	230.23
P2	260.59	253.46	249.79
P3	268.41	262.29	269.39

AI Generated Signals for NDSN

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The technical pivots for Nordson Corporation (NASDAQ: NDSN) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NDSN 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 NDSN 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 NDSN too.  All of these are offered below the Summary Table.