Trading (HALO) With Integrated Risk Controls
December 14, 2024, 20:48 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HALO
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short HALO slightly under 50.72, target n/a, stop loss @ 50.87 Details
The technical summary data is suggesting a short of HALO as it gets near 50.72, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 50.87. 50.72 is the first level of resistance above 48, and by rule, any test of resistance is a short signal. In this case, if resistance 50.72 is being tested, so a short signal would exist.
Swing Trading Plans for HALO
- Buy HALO slightly over 48.99, target 50.72, Stop Loss @ 48.85 Details
If 48.99 begins to break higher, the technical summary data tells us to buy HALO just slightly over 48.99, with an upside target of 50.72. The data also tells us to set a stop loss @ 48.85 in case the stock turns against the trade. 48.99 is the first level of resistance above 48, and by rule, any break above resistance is a buy signal. In this case, 48.99, 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 HALO slightly near 48.99, target 47.72, Stop Loss @ 49.13. Details
The technical summary data is suggesting a short of HALO if it tests 48.99 with a downside target of 47.72. We should have a stop loss in place at 49.13 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, 48.99, 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 HALO
- Buy HALO slightly over 48.26, target 48.99, Stop Loss @ 48.15 Details
If 48.26 begins to break higher, the technical summary data tells us to buy HALO just slightly over 48.26, with an upside target of 48.99. The data also tells us to set a stop loss @ 48.15 in case the stock turns against the trade. 48.26 is the first level of resistance above 48, and by rule, any break above resistance is a buy signal. In this case, 48.26, 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 HALO slightly near 48.26, target 47.72, Stop Loss @ 48.37. Details
The technical summary data is suggesting a short of HALO if it tests 48.26 with a downside target of 47.72. We should have a stop loss in place at 48.37 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, 48.26, 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 Halozyme Therapeutics Inc. (HALO) available here: HALO.
HALO Ratings for December 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
50.72 |
| P2 |
47.21 |
47.72 |
58.73 |
| P3 |
48.26 |
48.99 |
66.78 |
AI Generated Signals for HALO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HALO:
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