(KAI) Investment Analysis and Advice

October 01, 2024, 07:14 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KAI

• Buy KAI near 327.66 target 362.52 stop loss @ 326.71 Details

The technical summary data tells us to buy KAI near 327.66 with an upside target of 362.52. This data also tells us to set a stop loss @ 326.71 to protect against excessive loss in case the stock begins to move against the trade. 327.66 is the first level of support below 338 , and by rule, any test of support is a buy signal. In this case, support 327.66 is being tested, a buy signal would exist.

• Short KAI slightly under 362.52, target 327.66, stop loss @ 363.57 Details

The technical summary data is suggesting a short of KAI as it gets near 362.52 with a downside target of 327.66. We should have a stop loss in place at 363.57though. 362.52 is the first level of resistance above 338, and by rule, any test of resistance is a short signal. In this case, if resistance 362.52 is being tested, a short signal would exist.

Swing Trading Plans for KAI

• Buy KAI slightly over 346.15, target 362.52, Stop Loss @ 345.15 Details

If 346.15 begins to break higher, the technical summary data tells us to buy KAI just slightly over 346.15, with an upside target of 362.52. The data also tells us to set a stop loss @ 345.15 in case the stock turns against the trade. 346.15 is the first level of resistance above 338, and by rule, any break above resistance is a buy signal. In this case, 346.15, 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 KAI slightly near 346.15, target 336.53, Stop Loss @ 347.15. Details

The technical summary data is suggesting a short of KAI if it tests 346.15 with a downside target of 336.53. We should have a stop loss in place at 347.15 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, 346.15, 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 KAI

• Buy KAI slightly over 338.78, target 346.15, Stop Loss @ 337.99 Details

If 338.78 begins to break higher, the technical summary data tells us to buy KAI just slightly over 338.78, with an upside target of 346.15. The data also tells us to set a stop loss @ 337.99 in case the stock turns against the trade. 338.78 is the first level of resistance above 338, and by rule, any break above resistance is a buy signal. In this case, 338.78, 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 KAI slightly near 338.78, target 336.53, Stop Loss @ 339.57. Details

The technical summary data is suggesting a short of KAI if it tests 338.78 with a downside target of 336.53. We should have a stop loss in place at 339.57 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, 338.78, 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 Kadant Inc (KAI) available here: KAI.

KAI Ratings for October 01:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	295.45
P2	333.18	336.53	327.66
P3	338.78	346.15	362.52

AI Generated Signals for KAI

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Prudent Investment Analysis requires observations of the support and resistance levels for Kadant Inc (NYSE: KAI) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for KAI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if KAI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for KAI too.  All of these are offered below the Summary Table.