Learn to Evaluate (HIBS) using the Charts
June 22, 2024, 04:52 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HIBS
- Buy HIBS slightly over 23.55 target 32.24 stop loss @ 23.48 Details
The technical summary data tells us to buy HIBS near 23.55 with an upside target of 32.24. This data also tells us to set a stop loss @ 23.48 to protect against excessive loss in case the stock begins to move against the trade. 23.55 is the first level of support below 24.77 , and by rule, any test of support is a buy signal. In this case, support 23.55 is being tested, a buy signal would exist.
- Short HIBS slightly under 32.24, target 23.55, stop loss @ 32.33 Details
The technical summary data is suggesting a short of HIBS as it gets near 32.24 with a downside target of 23.55. We should have a stop loss in place at 32.33though. 32.24 is the first level of resistance above 24.77, and by rule, any test of resistance is a short signal. In this case, if resistance 32.24 is being tested, a short signal would exist.
Swing Trading Plans for HIBS
- Buy HIBS slightly over 25.01, target 32.24, Stop Loss @ 24.94 Details
If 25.01 begins to break higher, the technical summary data tells us to buy HIBS just slightly over 25.01, with an upside target of 32.24. The data also tells us to set a stop loss @ 24.94 in case the stock turns against the trade. 25.01 is the first level of resistance above 24.77, and by rule, any break above resistance is a buy signal. In this case, 25.01, 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 HIBS slightly near 25.01, target 23.65, Stop Loss @ 25.08. Details
The technical summary data is suggesting a short of HIBS if it tests 25.01 with a downside target of 23.65. We should have a stop loss in place at 25.08 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, 25.01, 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 HIBS
- Buy HIBS slightly over 25.04, target 32.24, Stop Loss @ 24.98 Details
If 25.04 begins to break higher, the technical summary data tells us to buy HIBS just slightly over 25.04, with an upside target of 32.24. The data also tells us to set a stop loss @ 24.98 in case the stock turns against the trade. 25.04 is the first level of resistance above 24.77, and by rule, any break above resistance is a buy signal. In this case, 25.04, 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 HIBS slightly near 25.04, target 24.11, Stop Loss @ 25.1. Details
The technical summary data is suggesting a short of HIBS if it tests 25.04 with a downside target of 24.11. We should have a stop loss in place at 25.1 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, 25.04, 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 Direxion Daily S&p 500 High Beta Bear 3x Shares (HIBS) available here: HIBS.
HIBS Ratings for June 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
16.34 |
| P2 |
24.11 |
23.65 |
23.55 |
| P3 |
25.04 |
25.01 |
32.24 |
AI Generated Signals for HIBS
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Direxion Daily S&p 500 High Beta Bear 3x Shares (NASDAQ: HIBS) report below can help you understand how to do this. The trading plans for HIBS, 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 HIBS:
pool ads
