May 27, 2024, 19:32 pm ET, BY Jeff W. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INTU
- 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 INTU slightly under 625.45, target n/a, stop loss @ 627.26 Details
The technical summary data is suggesting a short of INTU as it gets near 625.45, 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 627.26. 625.45 is the first level of resistance above 606.99, and by rule, any test of resistance is a short signal. In this case, if resistance 625.45 is being tested, so a short signal would exist.
Swing Trading Plans for INTU
- Buy INTU slightly over 625.45, target 639.41, Stop Loss @ 623.64 Details
If 625.45 begins to break higher, the technical summary data tells us to buy INTU just slightly over 625.45, with an upside target of 639.41. The data also tells us to set a stop loss @ 623.64 in case the stock turns against the trade. 625.45 is the first level of resistance above 606.99, and by rule, any break above resistance is a buy signal. In this case, 625.45, 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 INTU slightly near 625.45, target n/a, Stop Loss @ 627.26. Details
The technical summary data is suggesting a short of INTU if it tests 625.45 with a downside target of n/a. We should have a stop loss in place at 627.26 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, 625.45, 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 INTU
- Buy INTU slightly over 609.43, target 625.45, Stop Loss @ 608.01 Details
If 609.43 begins to break higher, the technical summary data tells us to buy INTU just slightly over 609.43, with an upside target of 625.45. The data also tells us to set a stop loss @ 608.01 in case the stock turns against the trade. 609.43 is the first level of resistance above 606.99, and by rule, any break above resistance is a buy signal. In this case, 609.43, 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 INTU slightly near 609.43, target n/a, Stop Loss @ 610.85. Details
The technical summary data is suggesting a short of INTU if it tests 609.43 with a downside target of n/a. We should have a stop loss in place at 610.85 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, 609.43, 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 Intuit Inc. (INTU) available here: INTU.
INTU Ratings for May 27:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
625.45 |
P2 |
609.43 |
639.41 |
671.39 |
P3 |
645.21 |
679.52 |
714.23 |
AI Generated Signals for INTU
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for INTU: