Learn to Evaluate (YELP) using the Charts
September 17, 2024, 09:08 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for YELP
- Buy YELP slightly over 31.24 target 34.1 stop loss @ 31.15 Details
The technical summary data tells us to buy YELP near 31.24 with an upside target of 34.1. This data also tells us to set a stop loss @ 31.15 to protect against excessive loss in case the stock begins to move against the trade. 31.24 is the first level of support below 33.4 , and by rule, any test of support is a buy signal. In this case, support 31.24 would be being tested, so a buy signal would exist.
- Short YELP slightly under 34.1, target 31.24, stop loss @ 34.2 Details
The technical summary data is suggesting a short of YELP as it gets near 34.1 with a downside target of 31.24. We should have a stop loss in place at 34.2though. 34.1 is the first level of resistance above 33.4, and by rule, any test of resistance is a short signal. In this case, if resistance 34.1 is being tested, so a short signal would exist.
Swing Trading Plans for YELP
- Buy YELP slightly over 33.85, target 34.1, Stop Loss @ 33.75 Details
If 33.85 begins to break higher, the technical summary data tells us to buy YELP just slightly over 33.85, with an upside target of 34.1. The data also tells us to set a stop loss @ 33.75 in case the stock turns against the trade. 33.85 is the first level of resistance above 33.4, and by rule, any break above resistance is a buy signal. In this case, 33.85, 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 YELP slightly near 33.85, target 32.66, Stop Loss @ 33.95. Details
The technical summary data is suggesting a short of YELP if it tests 33.85 with a downside target of 32.66. We should have a stop loss in place at 33.95 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, 33.85, 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 YELP
- Buy YELP slightly over 33.85, target 34.1, Stop Loss @ 33.77 Details
If 33.85 begins to break higher, the technical summary data tells us to buy YELP just slightly over 33.85, with an upside target of 34.1. The data also tells us to set a stop loss @ 33.77 in case the stock turns against the trade. 33.85 is the first level of resistance above 33.4, and by rule, any break above resistance is a buy signal. In this case, 33.85, 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 YELP slightly near 33.85, target 33.26, Stop Loss @ 33.93. Details
The technical summary data is suggesting a short of YELP if it tests 33.85 with a downside target of 33.26. We should have a stop loss in place at 33.93 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, 33.85, 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 Yelp Inc. (YELP) available here: YELP.
YELP Ratings for September 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
31.24 |
| P2 |
33.26 |
32.66 |
34.1 |
| P3 |
34.45 |
33.85 |
37.07 |
AI Generated Signals for YELP
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 Yelp Inc. (NASDAQ: YELP) report below can help you understand how to do this. The trading plans for YELP, 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 YELP:
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