Trading (NDSN) With Integrated Risk Controls

January 05, 2024, 09:32 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NDSN

• Buy NDSN slightly over 238.68 target 255.65 stop loss @ 237.99 Details

The technical summary data tells us to buy NDSN near 238.68 with an upside target of 255.65. This data also tells us to set a stop loss @ 237.99 to protect against excessive loss in case the stock begins to move against the trade. 238.68 is the first level of support below 251.15 , and by rule, any test of support is a buy signal. In this case, support 238.68 is being tested, a buy signal would exist.

• Short NDSN slightly under 255.65, target 238.68, stop loss @ 256.39 Details

The technical summary data is suggesting a short of NDSN as it gets near 255.65 with a downside target of 238.68. We should have a stop loss in place at 256.39though. 255.65 is the first level of resistance above 251.15, and by rule, any test of resistance is a short signal. In this case, if resistance 255.65 is being tested, a short signal would exist.

Swing Trading Plans for NDSN

• Buy NDSN slightly over 254.87, target 255.65, Stop Loss @ 254.13 Details

If 254.87 begins to break higher, the technical summary data tells us to buy NDSN just slightly over 254.87, with an upside target of 255.65. The data also tells us to set a stop loss @ 254.13 in case the stock turns against the trade. 254.87 is the first level of resistance above 251.15, and by rule, any break above resistance is a buy signal. In this case, 254.87, 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 NDSN slightly near 254.87, target 238.68, Stop Loss @ 255.61. Details

The technical summary data is suggesting a short of NDSN if it tests 254.87 with a downside target of 238.68. We should have a stop loss in place at 255.61 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, 254.87, 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 NDSN

• Buy NDSN slightly over 252.62, target 254.87, Stop Loss @ 252.03 Details

If 252.62 begins to break higher, the technical summary data tells us to buy NDSN just slightly over 252.62, with an upside target of 254.87. The data also tells us to set a stop loss @ 252.03 in case the stock turns against the trade. 252.62 is the first level of resistance above 251.15, and by rule, any break above resistance is a buy signal. In this case, 252.62, 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 NDSN slightly near 252.62, target 248.75, Stop Loss @ 253.21. Details

The technical summary data is suggesting a short of NDSN if it tests 252.62 with a downside target of 248.75. We should have a stop loss in place at 253.21 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, 252.62, 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 Nordson Corporation (NDSN) available here: NDSN.

NDSN Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	221.41
P2	248.75	254.87	238.68
P3	252.62	264.73	255.65

AI Generated Signals for NDSN

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