(MEDP) Technical Data

April 23, 2024, 01:48 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MEDP

• Buy MEDP slightly over 340.35 target 378.07 stop loss @ 339.37 Details

The technical summary data tells us to buy MEDP near 340.35 with an upside target of 378.07. This data also tells us to set a stop loss @ 339.37 to protect against excessive loss in case the stock begins to move against the trade. 340.35 is the first level of support below 376.26 , and by rule, any test of support is a buy signal. In this case, support 340.35 would be being tested, so a buy signal would exist.

• Short MEDP slightly under 378.07, target 340.35, stop loss @ 379.16 Details

The technical summary data is suggesting a short of MEDP as it gets near 378.07 with a downside target of 340.35. We should have a stop loss in place at 379.16though. 378.07 is the first level of resistance above 376.26, and by rule, any test of resistance is a short signal. In this case, if resistance 378.07 is being tested, so a short signal would exist.

Swing Trading Plans for MEDP

• Buy MEDP slightly over 378.07, target 379.68, Stop Loss @ 376.98 Details

If 378.07 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 378.07, with an upside target of 379.68. The data also tells us to set a stop loss @ 376.98 in case the stock turns against the trade. 378.07 is the first level of resistance above 376.26, and by rule, any break above resistance is a buy signal. In this case, 378.07, 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 MEDP slightly near 378.07, target 369.1, Stop Loss @ 379.16. Details

The technical summary data is suggesting a short of MEDP if it tests 378.07 with a downside target of 369.1. We should have a stop loss in place at 379.16 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, 378.07, 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 MEDP

• Buy MEDP slightly over 378.07, target 379.68, Stop Loss @ 377.19 Details

If 378.07 begins to break higher, the technical summary data tells us to buy MEDP just slightly over 378.07, with an upside target of 379.68. The data also tells us to set a stop loss @ 377.19 in case the stock turns against the trade. 378.07 is the first level of resistance above 376.26, and by rule, any break above resistance is a buy signal. In this case, 378.07, 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 MEDP slightly near 378.07, target 375.35, Stop Loss @ 378.95. Details

The technical summary data is suggesting a short of MEDP if it tests 378.07 with a downside target of 375.35. We should have a stop loss in place at 378.95 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, 378.07, 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 Medpace Holdings Inc. (MEDP) available here: MEDP.

MEDP Ratings for April 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	340.35
P2	367.62	369.1	378.07
P3	375.35	379.68	415.63

AI Generated Signals for MEDP

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Medpace Holdings Inc. (NASDAQ: MEDP) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MEDP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MEDP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MEDP too.  All of these are offered below the Summary Table.