Learn to Evaluate Teledyne Technologies ($TDY) using the Charts

May 09, 2023, 10:00 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TDY

• Buy TDY slightly over 389.63 target 428.29 stop loss @ 388.5 Details

The technical summary data tells us to buy TDY near 389.63 with an upside target of 428.29. This data also tells us to set a stop loss @ 388.5 to protect against excessive loss in case the stock begins to move against the trade. 389.63 is the first level of support below 412 , and by rule, any test of support is a buy signal. In this case, support 389.63 is being tested, a buy signal would exist.

• Short TDY slightly under 428.29, target 389.63, stop loss @ 429.53 Details

The technical summary data is suggesting a short of TDY as it gets near 428.29 with a downside target of 389.63. We should have a stop loss in place at 429.53though. 428.29 is the first level of resistance above 412, and by rule, any test of resistance is a short signal. In this case, if resistance 428.29 is being tested, a short signal would exist.

Swing Trading Plans for TDY

• Buy TDY slightly over 414.63, target 428.29, Stop Loss @ 413.43 Details

If 414.63 begins to break higher, the technical summary data tells us to buy TDY just slightly over 414.63, with an upside target of 428.29. The data also tells us to set a stop loss @ 413.43 in case the stock turns against the trade. 414.63 is the first level of resistance above 412, and by rule, any break above resistance is a buy signal. In this case, 414.63, 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 TDY slightly near 414.63, target 401.46, Stop Loss @ 415.83. Details

The technical summary data is suggesting a short of TDY if it tests 414.63 with a downside target of 401.46. We should have a stop loss in place at 415.83 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, 414.63, 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 TDY

• Buy TDY slightly over 412.71, target 414.63, Stop Loss @ 411.75 Details

If 412.71 begins to break higher, the technical summary data tells us to buy TDY just slightly over 412.71, with an upside target of 414.63. The data also tells us to set a stop loss @ 411.75 in case the stock turns against the trade. 412.71 is the first level of resistance above 412, and by rule, any break above resistance is a buy signal. In this case, 412.71, 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 TDY slightly near 412.71, target 406.46, Stop Loss @ 413.67. Details

The technical summary data is suggesting a short of TDY if it tests 412.71 with a downside target of 406.46. We should have a stop loss in place at 413.67 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, 412.71, 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  Teledyne Technologies (TDY) available here: TDY.

TDY Ratings for May 09:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	350.09
P2	406.46	401.46	389.63
P3	412.71	414.63	428.29

AI Generated Signals for TDY

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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  Teledyne Technologies (NYSE: TDY) report below can help you understand how to do this. The trading plans for TDY, 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.