Trend Tracker for (VMI)

November 05, 2024, 01:46 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VMI

• Buy VMI near 300.31 target 322.55 stop loss @ 299.44 Details

The technical summary data tells us to buy VMI near 300.31 with an upside target of 322.55. This data also tells us to set a stop loss @ 299.44 to protect against excessive loss in case the stock begins to move against the trade. 300.31 is the first level of support below 319.46 , and by rule, any test of support is a buy signal. In this case, support 300.31 is being tested, a buy signal would exist.

• Short VMI slightly under 322.55, target 300.31, stop loss @ 323.48 Details

The technical summary data is suggesting a short of VMI as it gets near 322.55 with a downside target of 300.31. We should have a stop loss in place at 323.48though. 322.55 is the first level of resistance above 319.46, and by rule, any test of resistance is a short signal. In this case, if resistance 322.55 is being tested, a short signal would exist.

Swing Trading Plans for VMI

• Buy VMI slightly over 322.55, target 330.41, Stop Loss @ 321.62 Details

If 322.55 begins to break higher, the technical summary data tells us to buy VMI just slightly over 322.55, with an upside target of 330.41. The data also tells us to set a stop loss @ 321.62 in case the stock turns against the trade. 322.55 is the first level of resistance above 319.46, and by rule, any break above resistance is a buy signal. In this case, 322.55, 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 VMI slightly near 322.55, target 315.22, Stop Loss @ 323.48. Details

The technical summary data is suggesting a short of VMI if it tests 322.55 with a downside target of 315.22. We should have a stop loss in place at 323.48 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, 322.55, 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 VMI

• Buy VMI slightly over 320.28, target 322.55, Stop Loss @ 319.53 Details

If 320.28 begins to break higher, the technical summary data tells us to buy VMI just slightly over 320.28, with an upside target of 322.55. The data also tells us to set a stop loss @ 319.53 in case the stock turns against the trade. 320.28 is the first level of resistance above 319.46, and by rule, any break above resistance is a buy signal. In this case, 320.28, 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 VMI slightly near 320.28, target 315.22, Stop Loss @ 321.03. Details

The technical summary data is suggesting a short of VMI if it tests 320.28 with a downside target of 315.22. We should have a stop loss in place at 321.03 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, 320.28, 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 Valmont Industries Inc. (VMI) available here: VMI.

VMI Ratings for November 05:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	278.31
P2	314.83	315.22	300.31
P3	320.28	330.41	322.55

AI Generated Signals for VMI

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The data for Valmont Industries Inc. (NYSE: VMI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for VMI 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 VMI 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 VMI too.  All of these are offered below the Summary Table.