Learn to Evaluate (SYNA) using the Charts
January 11, 2024, 19:54 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SYNA
- Buy SYNA slightly over 91.58 target 109.23 stop loss @ 91.32 Details
The technical summary data tells us to buy SYNA near 91.58 with an upside target of 109.23. This data also tells us to set a stop loss @ 91.32 to protect against excessive loss in case the stock begins to move against the trade. 91.58 is the first level of support below 105.28 , and by rule, any test of support is a buy signal. In this case, support 91.58 is being tested, a buy signal would exist.
- Short SYNA slightly under 109.23, target 91.58, stop loss @ 109.55 Details
The technical summary data is suggesting a short of SYNA as it gets near 109.23 with a downside target of 91.58. We should have a stop loss in place at 109.55though. 109.23 is the first level of resistance above 105.28, and by rule, any test of resistance is a short signal. In this case, if resistance 109.23 is being tested, a short signal would exist.
Swing Trading Plans for SYNA
- Buy SYNA slightly over 109.23, target n/a, Stop Loss @ 108.91 Details
If 109.23 begins to break higher, the technical summary data tells us to buy SYNA just slightly over 109.23, with an upside target of n/a. The data also tells us to set a stop loss @ 108.91 in case the stock turns against the trade. 109.23 is the first level of resistance above 105.28, and by rule, any break above resistance is a buy signal. In this case, 109.23, 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 SYNA slightly near 109.23, target 105.14, Stop Loss @ 109.55. Details
The technical summary data is suggesting a short of SYNA if it tests 109.23 with a downside target of 105.14. We should have a stop loss in place at 109.55 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, 109.23, 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 SYNA
- Buy SYNA slightly over 107.62, target 109.23, Stop Loss @ 107.37 Details
If 107.62 begins to break higher, the technical summary data tells us to buy SYNA just slightly over 107.62, with an upside target of 109.23. The data also tells us to set a stop loss @ 107.37 in case the stock turns against the trade. 107.62 is the first level of resistance above 105.28, and by rule, any break above resistance is a buy signal. In this case, 107.62, 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 SYNA slightly near 107.62, target 105.14, Stop Loss @ 107.87. Details
The technical summary data is suggesting a short of SYNA if it tests 107.62 with a downside target of 105.14. We should have a stop loss in place at 107.87 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, 107.62, 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 Synaptics Incorporated (SYNA) available here: SYNA.
SYNA Ratings for January 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
74.26 |
| P2 |
104.53 |
99.16 |
91.58 |
| P3 |
107.62 |
105.14 |
109.23 |
AI Generated Signals for SYNA
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Synaptics Incorporated (NASDAQ: SYNA) report below can help you understand how to do this. The trading plans for SYNA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SYNA:
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