How the (NHC) price action is used to our Advantage
January 31, 2024, 18:30 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NHC
- Buy NHC slightly over 86.63 target 95.32 stop loss @ 86.38 Details
The technical summary data tells us to buy NHC near 86.63 with an upside target of 95.32. This data also tells us to set a stop loss @ 86.38 to protect against excessive loss in case the stock begins to move against the trade. 86.63 is the first level of support below 93.04 , and by rule, any test of support is a buy signal. In this case, support 86.63 is being tested, a buy signal would exist.
- Short NHC slightly under 95.32, target 86.63, stop loss @ 95.6 Details
The technical summary data is suggesting a short of NHC as it gets near 95.32 with a downside target of 86.63. We should have a stop loss in place at 95.6though. 95.32 is the first level of resistance above 93.04, and by rule, any test of resistance is a short signal. In this case, if resistance 95.32 is being tested, a short signal would exist.
Swing Trading Plans for NHC
- Buy NHC slightly over 95.32, target 98.43, Stop Loss @ 95.04 Details
If 95.32 begins to break higher, the technical summary data tells us to buy NHC just slightly over 95.32, with an upside target of 98.43. The data also tells us to set a stop loss @ 95.04 in case the stock turns against the trade. 95.32 is the first level of resistance above 93.04, and by rule, any break above resistance is a buy signal. In this case, 95.32, 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 NHC slightly near 95.32, target 86.63, Stop Loss @ 95.6. Details
The technical summary data is suggesting a short of NHC if it tests 95.32 with a downside target of 86.63. We should have a stop loss in place at 95.6 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, 95.32, 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 NHC
- Buy NHC slightly over 94.22, target 95.51, Stop Loss @ 94 Details
If 94.22 begins to break higher, the technical summary data tells us to buy NHC just slightly over 94.22, with an upside target of 95.51. The data also tells us to set a stop loss @ 94 in case the stock turns against the trade. 94.22 is the first level of resistance above 93.04, and by rule, any break above resistance is a buy signal. In this case, 94.22, 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 NHC slightly near 94.22, target 86.63, Stop Loss @ 94.44. Details
The technical summary data is suggesting a short of NHC if it tests 94.22 with a downside target of 86.63. We should have a stop loss in place at 94.44 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, 94.22, 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 National Healthcare Corporation (NHC) available here: NHC.
NHC Ratings for January 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
78.2 |
| P2 |
94.22 |
95.27 |
86.63 |
| P3 |
95.51 |
98.43 |
95.32 |
AI Generated Signals for NHC
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 National Healthcare Corporation (NYSE: NHC) data table below can help you with price action, and we have more details too. Trading plans for NHC 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 NHC:
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