Trading (SNPS) With Integrated Risk Controls

April 28, 2024, 22:34 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNPS

• Buy SNPS slightly over 538.31 target 579.03 stop loss @ 536.76 Details

The technical summary data tells us to buy SNPS near 538.31 with an upside target of 579.03. This data also tells us to set a stop loss @ 536.76 to protect against excessive loss in case the stock begins to move against the trade. 538.31 is the first level of support below 543.66 , and by rule, any test of support is a buy signal. In this case, support 538.31 would be being tested, so a buy signal would exist.

• Short SNPS slightly under 579.03, target 538.31, stop loss @ 580.7 Details

The technical summary data is suggesting a short of SNPS as it gets near 579.03 with a downside target of 538.31. We should have a stop loss in place at 580.7though. 579.03 is the first level of resistance above 543.66, and by rule, any test of resistance is a short signal. In this case, if resistance 579.03 is being tested, so a short signal would exist.

Swing Trading Plans for SNPS

• Buy SNPS slightly over 579.03, target 623.77, Stop Loss @ 577.36 Details

If 579.03 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 579.03, with an upside target of 623.77. The data also tells us to set a stop loss @ 577.36 in case the stock turns against the trade. 579.03 is the first level of resistance above 543.66, and by rule, any break above resistance is a buy signal. In this case, 579.03, 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 SNPS slightly near 579.03, target 538.31, Stop Loss @ 580.7. Details

The technical summary data is suggesting a short of SNPS if it tests 579.03 with a downside target of 538.31. We should have a stop loss in place at 580.7 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, 579.03, 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 SNPS

• Buy SNPS slightly over 579.03, target 623.77, Stop Loss @ 577.68 Details

If 579.03 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 579.03, with an upside target of 623.77. The data also tells us to set a stop loss @ 577.68 in case the stock turns against the trade. 579.03 is the first level of resistance above 543.66, and by rule, any break above resistance is a buy signal. In this case, 579.03, 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 SNPS slightly near 579.03, target 540.3, Stop Loss @ 580.38. Details

The technical summary data is suggesting a short of SNPS if it tests 579.03 with a downside target of 540.3. We should have a stop loss in place at 580.38 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, 579.03, 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 Synopsys Inc. (SNPS) available here: SNPS.

SNPS Ratings for April 28:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	538.31
P2	528.88	502.9	579.03
P3	540.3	526.54	623.77

AI Generated Signals for SNPS

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