Learn to Evaluate Analog Devices (ADI) using the Charts
September 17, 2021, 08:45 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Analog Devices (NYSE: ADI) report below can help you understand how to do this. The trading plans for ADI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Longer Term Trading Plans for ADI
- Buy ADI slightly over 163.96 target 174.96 stop loss @ 163.49 Details
The technical summary data tells us to buy ADI near 163.96 with an upside target of 174.96. This data also tells us to set a stop loss @ 163.49 to protect against excessive loss in case the stock begins to move against the trade. 163.96 is the first level of support below 173.21 , and by rule, any test of support is a buy signal. In this case, support 163.96 would be being tested, so a buy signal would exist.
- Short ADI under 174.96, target 163.96, stop loss @ 175.47 Details
The technical summary data is suggesting a short of ADI as it gets near 174.96 with a downside target of 163.96. We should have a stop loss in place at 175.47though. 174.96 is the first level of resistance above 173.21, and by rule, any test of resistance is a short signal. In this case, if resistance 174.96 is being tested, so a short signal would exist.
Swing Trading Plans for ADI
- Buy ADI slightly over 174.96, target 176.04, Stop Loss @ 174.45 Details
If 174.96 begins to break higher, the technical summary data tells us to buy ADI just slightly over 174.96, with an upside target of 176.04. The data also tells us to set a stop loss @ 174.45 in case the stock turns against the trade. 174.96 is the first level of resistance above 173.21, and by rule, any break above resistance is a buy signal. In this case, 174.96, 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 ADI near 174.96, target 169.49, Stop Loss @ 175.47. Details
The technical summary data is suggesting a short of ADI if it tests 174.96 with a downside target of 169.49. We should have a stop loss in place at 175.47 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, 174.96, 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 ADI
- Buy ADI slightly over 173.52, target 174.96, Stop Loss @ 173.12 Details
If 173.52 begins to break higher, the technical summary data tells us to buy ADI just slightly over 173.52, with an upside target of 174.96. The data also tells us to set a stop loss @ 173.12 in case the stock turns against the trade. 173.52 is the first level of resistance above 173.21, and by rule, any break above resistance is a buy signal. In this case, 173.52, 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 ADI near 173.52, target 169.49, Stop Loss @ 173.92. Details
The technical summary data is suggesting a short of ADI if it tests 173.52 with a downside target of 169.49. We should have a stop loss in place at 173.92 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, 173.52, 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.
ADI Ratings for September 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
163.96 |
| P2 |
173.52 |
169.49 |
174.96 |
| P3 |
175.72 |
176.04 |
186.22 |
⚠Triggers may have already come
Support and Resistance Plot Chart for ADI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ADI:
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