(EXPO) Technical Pivots with Risk Controls

October 21, 2024, 13:18 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EXPO

• Buy EXPO near 108.73 target 116.63 stop loss @ 108.42 Details

The technical summary data tells us to buy EXPO near 108.73 with an upside target of 116.63. This data also tells us to set a stop loss @ 108.42 to protect against excessive loss in case the stock begins to move against the trade. 108.73 is the first level of support below 111.46 , and by rule, any test of support is a buy signal. In this case, support 108.73 is being tested, a buy signal would exist.

• Short EXPO slightly under 116.63, target 108.73, stop loss @ 116.97 Details

The technical summary data is suggesting a short of EXPO as it gets near 116.63 with a downside target of 108.73. We should have a stop loss in place at 116.97though. 116.63 is the first level of resistance above 111.46, and by rule, any test of resistance is a short signal. In this case, if resistance 116.63 is being tested, a short signal would exist.

Swing Trading Plans for EXPO

• Buy EXPO slightly over 111.87, target 114.51, Stop Loss @ 111.55 Details

If 111.87 begins to break higher, the technical summary data tells us to buy EXPO just slightly over 111.87, with an upside target of 114.51. The data also tells us to set a stop loss @ 111.55 in case the stock turns against the trade. 111.87 is the first level of resistance above 111.46, and by rule, any break above resistance is a buy signal. In this case, 111.87, 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 EXPO slightly near 111.87, target 108.73, Stop Loss @ 112.19. Details

The technical summary data is suggesting a short of EXPO if it tests 111.87 with a downside target of 108.73. We should have a stop loss in place at 112.19 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, 111.87, 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 EXPO

• Buy EXPO slightly over 111.87, target 112.4, Stop Loss @ 111.61 Details

If 111.87 begins to break higher, the technical summary data tells us to buy EXPO just slightly over 111.87, with an upside target of 112.4. The data also tells us to set a stop loss @ 111.61 in case the stock turns against the trade. 111.87 is the first level of resistance above 111.46, and by rule, any break above resistance is a buy signal. In this case, 111.87, 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 EXPO slightly near 111.87, target 108.73, Stop Loss @ 112.13. Details

The technical summary data is suggesting a short of EXPO if it tests 111.87 with a downside target of 108.73. We should have a stop loss in place at 112.13 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, 111.87, 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 Exponent Inc. (EXPO) available here: EXPO.

EXPO Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	101.07
P2	112.4	111.87	108.73
P3	114.41	114.51	116.63

AI Generated Signals for EXPO

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The technical pivots for Exponent Inc. (NASDAQ: EXPO) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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