Trading (AXON) With Integrated Risk Controls
April 09, 2024, 21:06 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AXON
- Buy AXON slightly over 284.24 target 312.63 stop loss @ 283.42 Details
The technical summary data tells us to buy AXON near 284.24 with an upside target of 312.63. This data also tells us to set a stop loss @ 283.42 to protect against excessive loss in case the stock begins to move against the trade. 284.24 is the first level of support below 311.27 , and by rule, any test of support is a buy signal. In this case, support 284.24 is being tested, a buy signal would exist.
- Short AXON slightly under 312.63, target 284.24, stop loss @ 313.53 Details
The technical summary data is suggesting a short of AXON as it gets near 312.63 with a downside target of 284.24. We should have a stop loss in place at 313.53though. 312.63 is the first level of resistance above 311.27, and by rule, any test of resistance is a short signal. In this case, if resistance 312.63 is being tested, a short signal would exist.
Swing Trading Plans for AXON
- Buy AXON slightly over 311.99, target 312.63, Stop Loss @ 311.09 Details
If 311.99 begins to break higher, the technical summary data tells us to buy AXON just slightly over 311.99, with an upside target of 312.63. The data also tells us to set a stop loss @ 311.09 in case the stock turns against the trade. 311.99 is the first level of resistance above 311.27, and by rule, any break above resistance is a buy signal. In this case, 311.99, 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 AXON slightly near 311.99, target 305.76, Stop Loss @ 312.89. Details
The technical summary data is suggesting a short of AXON if it tests 311.99 with a downside target of 305.76. We should have a stop loss in place at 312.89 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, 311.99, 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 AXON
- Buy AXON slightly over 311.99, target 312.35, Stop Loss @ 311.26 Details
If 311.99 begins to break higher, the technical summary data tells us to buy AXON just slightly over 311.99, with an upside target of 312.35. The data also tells us to set a stop loss @ 311.26 in case the stock turns against the trade. 311.99 is the first level of resistance above 311.27, and by rule, any break above resistance is a buy signal. In this case, 311.99, 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 AXON slightly near 311.99, target 308.19, Stop Loss @ 312.72. Details
The technical summary data is suggesting a short of AXON if it tests 311.99 with a downside target of 308.19. We should have a stop loss in place at 312.72 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, 311.99, 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 Axon Enterprise Inc. (AXON) available here: AXON.
AXON Ratings for April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
256.61 |
| P2 |
308.19 |
305.76 |
284.24 |
| P3 |
312.35 |
311.99 |
312.63 |
AI Generated Signals for AXON
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AXON:
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