When (CVI) Moves Investors should Listen
March 21, 2024, 17:54 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CVI
- Buy CVI slightly over 34.16 target 37.87 stop loss @ 34.06 Details
The technical summary data tells us to buy CVI near 34.16 with an upside target of 37.87. This data also tells us to set a stop loss @ 34.06 to protect against excessive loss in case the stock begins to move against the trade. 34.16 is the first level of support below 36.69 , and by rule, any test of support is a buy signal. In this case, support 34.16 is being tested, a buy signal would exist.
- Short CVI slightly under 37.87, target 34.16, stop loss @ 37.98 Details
The technical summary data is suggesting a short of CVI as it gets near 37.87 with a downside target of 34.16. We should have a stop loss in place at 37.98though. 37.87 is the first level of resistance above 36.69, and by rule, any test of resistance is a short signal. In this case, if resistance 37.87 is being tested, a short signal would exist.
Swing Trading Plans for CVI
- Buy CVI slightly over 37.1, target 37.87, Stop Loss @ 36.99 Details
If 37.1 begins to break higher, the technical summary data tells us to buy CVI just slightly over 37.1, with an upside target of 37.87. The data also tells us to set a stop loss @ 36.99 in case the stock turns against the trade. 37.1 is the first level of resistance above 36.69, and by rule, any break above resistance is a buy signal. In this case, 37.1, 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 CVI slightly near 37.1, target 35.79, Stop Loss @ 37.21. Details
The technical summary data is suggesting a short of CVI if it tests 37.1 with a downside target of 35.79. We should have a stop loss in place at 37.21 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, 37.1, 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 CVI
- Buy CVI slightly over 37.1, target 37.87, Stop Loss @ 37.01 Details
If 37.1 begins to break higher, the technical summary data tells us to buy CVI just slightly over 37.1, with an upside target of 37.87. The data also tells us to set a stop loss @ 37.01 in case the stock turns against the trade. 37.1 is the first level of resistance above 36.69, and by rule, any break above resistance is a buy signal. In this case, 37.1, 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 CVI slightly near 37.1, target 36.15, Stop Loss @ 37.19. Details
The technical summary data is suggesting a short of CVI if it tests 37.1 with a downside target of 36.15. We should have a stop loss in place at 37.19 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, 37.1, 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 Cvr Energy Inc. (CVI) available here: CVI.
CVI Ratings for March 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
30.66 |
| P2 |
36.15 |
35.79 |
34.16 |
| P3 |
37.06 |
37.1 |
37.87 |
AI Generated Signals for CVI
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 Cvr Energy Inc. (NYSE: CVI) report below is a real world example. Included are trading plans for CVI, 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 CVI:
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