How the (INSW) price action is used to our Advantage
June 12, 2024, 14:48 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INSW
- Buy INSW slightly over 56 target 59.77 stop loss @ 55.84 Details
The technical summary data tells us to buy INSW near 56 with an upside target of 59.77. This data also tells us to set a stop loss @ 55.84 to protect against excessive loss in case the stock begins to move against the trade. 56 is the first level of support below 59 , and by rule, any test of support is a buy signal. In this case, support 56 would be being tested, so a buy signal would exist.
- Short INSW slightly under 59.77, target 56, stop loss @ 59.94 Details
The technical summary data is suggesting a short of INSW as it gets near 59.77 with a downside target of 56. We should have a stop loss in place at 59.94though. 59.77 is the first level of resistance above 59, and by rule, any test of resistance is a short signal. In this case, if resistance 59.77 is being tested, so a short signal would exist.
Swing Trading Plans for INSW
- Buy INSW slightly over 59.77, target 60.46, Stop Loss @ 59.6 Details
If 59.77 begins to break higher, the technical summary data tells us to buy INSW just slightly over 59.77, with an upside target of 60.46. The data also tells us to set a stop loss @ 59.6 in case the stock turns against the trade. 59.77 is the first level of resistance above 59, and by rule, any break above resistance is a buy signal. In this case, 59.77, 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 INSW slightly near 59.77, target 56, Stop Loss @ 59.94. Details
The technical summary data is suggesting a short of INSW if it tests 59.77 with a downside target of 56. We should have a stop loss in place at 59.94 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, 59.77, 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 INSW
- Buy INSW slightly over 59.77, target 60.46, Stop Loss @ 59.63 Details
If 59.77 begins to break higher, the technical summary data tells us to buy INSW just slightly over 59.77, with an upside target of 60.46. The data also tells us to set a stop loss @ 59.63 in case the stock turns against the trade. 59.77 is the first level of resistance above 59, and by rule, any break above resistance is a buy signal. In this case, 59.77, 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 INSW slightly near 59.77, target 56, Stop Loss @ 59.91. Details
The technical summary data is suggesting a short of INSW if it tests 59.77 with a downside target of 56. We should have a stop loss in place at 59.91 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, 59.77, 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 International Seaways Inc. (INSW) available here: INSW.
INSW Ratings for June 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
56 |
| P2 |
60.27 |
60.46 |
59.77 |
| P3 |
61.13 |
61.9 |
63.72 |
AI Generated Signals for INSW
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 International Seaways Inc. (NASDAQ: INSW) data table below can help you with price action, and we have more details too. Trading plans for INSW 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 INSW:
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