When (BRZE) Moves Investors should Listen
April 20, 2024, 03:10 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRZE
- 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 BRZE slightly under 48.22, target n/a, stop loss @ 48.36 Details
The technical summary data is suggesting a short of BRZE as it gets near 48.22, 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 48.36. 48.22 is the first level of resistance above 38.94, and by rule, any test of resistance is a short signal. In this case, if resistance 48.22 is being tested, so a short signal would exist.
Swing Trading Plans for BRZE
- Buy BRZE slightly over 38.95, target 40.82, Stop Loss @ 38.84 Details
If 38.95 begins to break higher, the technical summary data tells us to buy BRZE just slightly over 38.95, with an upside target of 40.82. The data also tells us to set a stop loss @ 38.84 in case the stock turns against the trade. 38.95 is the first level of resistance above 38.94, and by rule, any break above resistance is a buy signal. In this case, 38.95, 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 BRZE slightly near 38.95, target n/a, Stop Loss @ 39.06. Details
The technical summary data is suggesting a short of BRZE if it tests 38.95 with a downside target of n/a. We should have a stop loss in place at 39.06 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, 38.95, 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 BRZE
- Buy BRZE slightly over 38.95, target 39.27, Stop Loss @ 38.86 Details
If 38.95 begins to break higher, the technical summary data tells us to buy BRZE just slightly over 38.95, with an upside target of 39.27. The data also tells us to set a stop loss @ 38.86 in case the stock turns against the trade. 38.95 is the first level of resistance above 38.94, and by rule, any break above resistance is a buy signal. In this case, 38.95, 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 BRZE slightly near 38.95, target 38.4, Stop Loss @ 39.04. Details
The technical summary data is suggesting a short of BRZE if it tests 38.95 with a downside target of 38.4. We should have a stop loss in place at 39.04 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, 38.95, 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 Braze Inc. (BRZE) available here: BRZE.
BRZE Ratings for April 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
48.22 |
| P2 |
38.4 |
38.95 |
55.52 |
| P3 |
39.27 |
40.82 |
63 |
AI Generated Signals for BRZE
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Braze Inc. (NASDAQ: BRZE) report below is a real world example. Included are trading plans for BRZE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BRZE:
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