Trading (NPK) With Integrated Risk Controls
November 03, 2024, 06:10 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NPK
- Buy NPK near 70.4 target 75.29 stop loss @ 70.2 Details
The technical summary data tells us to buy NPK near 70.4 with an upside target of 75.29. This data also tells us to set a stop loss @ 70.2 to protect against excessive loss in case the stock begins to move against the trade. 70.4 is the first level of support below 72.64 , and by rule, any test of support is a buy signal. In this case, support 70.4 would be being tested, so a buy signal would exist.
- Short NPK slightly under 75.29, target 70.4, stop loss @ 75.51 Details
The technical summary data is suggesting a short of NPK as it gets near 75.29 with a downside target of 70.4. We should have a stop loss in place at 75.51though. 75.29 is the first level of resistance above 72.64, and by rule, any test of resistance is a short signal. In this case, if resistance 75.29 is being tested, so a short signal would exist.
Swing Trading Plans for NPK
- Buy NPK slightly over 74.2, target 75.29, Stop Loss @ 73.99 Details
If 74.2 begins to break higher, the technical summary data tells us to buy NPK just slightly over 74.2, with an upside target of 75.29. The data also tells us to set a stop loss @ 73.99 in case the stock turns against the trade. 74.2 is the first level of resistance above 72.64, and by rule, any break above resistance is a buy signal. In this case, 74.2, 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 NPK slightly near 74.2, target 72.37, Stop Loss @ 74.41. Details
The technical summary data is suggesting a short of NPK if it tests 74.2 with a downside target of 72.37. We should have a stop loss in place at 74.41 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, 74.2, 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 NPK
- Buy NPK slightly over 73.18, target 74.2, Stop Loss @ 73.01 Details
If 73.18 begins to break higher, the technical summary data tells us to buy NPK just slightly over 73.18, with an upside target of 74.2. The data also tells us to set a stop loss @ 73.01 in case the stock turns against the trade. 73.18 is the first level of resistance above 72.64, and by rule, any break above resistance is a buy signal. In this case, 73.18, 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 NPK slightly near 73.18, target 72.37, Stop Loss @ 73.35. Details
The technical summary data is suggesting a short of NPK if it tests 73.18 with a downside target of 72.37. We should have a stop loss in place at 73.35 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, 73.18, 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 Presto Industries Inc. (NPK) available here: NPK.
NPK Ratings for November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
70.4 |
| P2 |
71.4 |
72.37 |
75.29 |
| P3 |
73.18 |
74.2 |
80.23 |
AI Generated Signals for NPK
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for NPK:
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