How the (DXCM) price action is used to our Advantage
December 24, 2024, 11:04 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DXCM
- Buy DXCM near 65.22 target 81.96 stop loss @ 65.03 Details
The technical summary data tells us to buy DXCM near 65.22 with an upside target of 81.96. This data also tells us to set a stop loss @ 65.03 to protect against excessive loss in case the stock begins to move against the trade. 65.22 is the first level of support below 79.58 , and by rule, any test of support is a buy signal. In this case, support 65.22 is being tested, a buy signal would exist.
- Short DXCM slightly under 81.96, target 65.22, stop loss @ 82.2 Details
The technical summary data is suggesting a short of DXCM as it gets near 81.96 with a downside target of 65.22. We should have a stop loss in place at 82.2though. 81.96 is the first level of resistance above 79.58, and by rule, any test of resistance is a short signal. In this case, if resistance 81.96 is being tested, a short signal would exist.
Swing Trading Plans for DXCM
- Buy DXCM slightly over 79.62, target 81.96, Stop Loss @ 79.39 Details
If 79.62 begins to break higher, the technical summary data tells us to buy DXCM just slightly over 79.62, with an upside target of 81.96. The data also tells us to set a stop loss @ 79.39 in case the stock turns against the trade. 79.62 is the first level of resistance above 79.58, and by rule, any break above resistance is a buy signal. In this case, 79.62, 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 DXCM slightly near 79.62, target 75.68, Stop Loss @ 79.85. Details
The technical summary data is suggesting a short of DXCM if it tests 79.62 with a downside target of 75.68. We should have a stop loss in place at 79.85 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, 79.62, 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 DXCM
- Buy DXCM slightly over 79.62, target 81.03, Stop Loss @ 79.43 Details
If 79.62 begins to break higher, the technical summary data tells us to buy DXCM just slightly over 79.62, with an upside target of 81.03. The data also tells us to set a stop loss @ 79.43 in case the stock turns against the trade. 79.62 is the first level of resistance above 79.58, and by rule, any break above resistance is a buy signal. In this case, 79.62, 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 DXCM slightly near 79.62, target 77.77, Stop Loss @ 79.81. Details
The technical summary data is suggesting a short of DXCM if it tests 79.62 with a downside target of 77.77. We should have a stop loss in place at 79.81 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, 79.62, 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 Dexcom Inc. (DXCM) available here: DXCM.
DXCM Ratings for December 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
48.47 |
| P2 |
77.77 |
75.68 |
65.22 |
| P3 |
81.03 |
79.62 |
81.96 |
AI Generated Signals for DXCM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Dexcom Inc. (NASDAQ: DXCM) data table below can help you with price action, and we have more details too. Trading plans for DXCM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DXCM:
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