When (NVEC) Moves Investors should Listen
May 23, 2024, 00:40 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NVEC
- Buy NVEC slightly over 76.46 target 85.01 stop loss @ 76.24 Details
The technical summary data tells us to buy NVEC near 76.46 with an upside target of 85.01. This data also tells us to set a stop loss @ 76.24 to protect against excessive loss in case the stock begins to move against the trade. 76.46 is the first level of support below 77.58 , and by rule, any test of support is a buy signal. In this case, support 76.46 is being tested, a buy signal would exist.
- Short NVEC slightly under 85.01, target 76.46, stop loss @ 85.26 Details
The technical summary data is suggesting a short of NVEC as it gets near 85.01 with a downside target of 76.46. We should have a stop loss in place at 85.26though. 85.01 is the first level of resistance above 77.58, and by rule, any test of resistance is a short signal. In this case, if resistance 85.01 is being tested, a short signal would exist.
Swing Trading Plans for NVEC
- Buy NVEC slightly over 77.97, target 85.01, Stop Loss @ 77.74 Details
If 77.97 begins to break higher, the technical summary data tells us to buy NVEC just slightly over 77.97, with an upside target of 85.01. The data also tells us to set a stop loss @ 77.74 in case the stock turns against the trade. 77.97 is the first level of resistance above 77.58, and by rule, any break above resistance is a buy signal. In this case, 77.97, 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 NVEC slightly near 77.97, target 76.46, Stop Loss @ 78.2. Details
The technical summary data is suggesting a short of NVEC if it tests 77.97 with a downside target of 76.46. We should have a stop loss in place at 78.2 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, 77.97, 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 NVEC
- Buy NVEC slightly over 77.97, target 85.01, Stop Loss @ 77.79 Details
If 77.97 begins to break higher, the technical summary data tells us to buy NVEC just slightly over 77.97, with an upside target of 85.01. The data also tells us to set a stop loss @ 77.79 in case the stock turns against the trade. 77.97 is the first level of resistance above 77.58, and by rule, any break above resistance is a buy signal. In this case, 77.97, 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 NVEC slightly near 77.97, target 77.31, Stop Loss @ 78.15. Details
The technical summary data is suggesting a short of NVEC if it tests 77.97 with a downside target of 77.31. We should have a stop loss in place at 78.15 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, 77.97, 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 Nve Corporation (NVEC) available here: NVEC.
NVEC Ratings for May 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
68.21 |
| P2 |
76.39 |
76.44 |
76.46 |
| P3 |
77.31 |
77.97 |
85.01 |
AI Generated Signals for NVEC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Nve Corporation (NASDAQ: NVEC) report below is a real world example. Included are trading plans for NVEC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NVEC:
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