How the (MEDP) price action is used to our Advantage
May 12, 2024, 14:16 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MEDP
- Buy MEDP slightly over 389.39 target 429.03 stop loss @ 388.27 Details
The technical summary data tells us to buy MEDP near 389.39 with an upside target of 429.03. This data also tells us to set a stop loss @ 388.27 to protect against excessive loss in case the stock begins to move against the trade. 389.39 is the first level of support below 390.19 , and by rule, any test of support is a buy signal. In this case, support 389.39 is being tested, a buy signal would exist.
- Short MEDP slightly under 429.03, target 389.39, stop loss @ 430.27 Details
The technical summary data is suggesting a short of MEDP as it gets near 429.03 with a downside target of 389.39. We should have a stop loss in place at 430.27though. 429.03 is the first level of resistance above 390.19, and by rule, any test of resistance is a short signal. In this case, if resistance 429.03 is being tested, a short signal would exist.
Swing Trading Plans for MEDP
- Buy MEDP slightly over 391.98, target 405.16, Stop Loss @ 390.85 Details
If 391.98 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 391.98, with an upside target of 405.16. The data also tells us to set a stop loss @ 390.85 in case the stock turns against the trade. 391.98 is the first level of resistance above 390.19, and by rule, any break above resistance is a buy signal. In this case, 391.98, 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 MEDP slightly near 391.98, target 389.39, Stop Loss @ 393.11. Details
The technical summary data is suggesting a short of MEDP if it tests 391.98 with a downside target of 389.39. We should have a stop loss in place at 393.11 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, 391.98, 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 MEDP
- Buy MEDP slightly over 391.98, target 397.39, Stop Loss @ 391.07 Details
If 391.98 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 391.98, with an upside target of 397.39. The data also tells us to set a stop loss @ 391.07 in case the stock turns against the trade. 391.98 is the first level of resistance above 390.19, and by rule, any break above resistance is a buy signal. In this case, 391.98, 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 MEDP slightly near 391.98, target 389.39, Stop Loss @ 392.89. Details
The technical summary data is suggesting a short of MEDP if it tests 391.98 with a downside target of 389.39. We should have a stop loss in place at 392.89 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, 391.98, 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 Medpace Holdings Inc. (MEDP) available here: MEDP.
MEDP Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
349.51 |
| P2 |
387.54 |
391.98 |
389.39 |
| P3 |
397.39 |
405.16 |
429.03 |
AI Generated Signals for MEDP
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Medpace Holdings Inc. (NASDAQ: MEDP) data table below can help you with price action, and we have more details too. Trading plans for MEDP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MEDP:
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