Trading (DESP) With Integrated Risk Controls
October 31, 2024, 20:46 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DESP
- Buy DESP near 14.07 target 16.33 stop loss @ 14.03 Details
The technical summary data tells us to buy DESP near 14.07 with an upside target of 16.33. This data also tells us to set a stop loss @ 14.03 to protect against excessive loss in case the stock begins to move against the trade. 14.07 is the first level of support below 14.44 , and by rule, any test of support is a buy signal. In this case, support 14.07 is being tested, a buy signal would exist.
- Short DESP slightly under 16.33, target 14.07, stop loss @ 16.38 Details
The technical summary data is suggesting a short of DESP as it gets near 16.33 with a downside target of 14.07. We should have a stop loss in place at 16.38though. 16.33 is the first level of resistance above 14.44, and by rule, any test of resistance is a short signal. In this case, if resistance 16.33 is being tested, a short signal would exist.
Swing Trading Plans for DESP
- Buy DESP slightly over 14.51, target 15.39, Stop Loss @ 14.47 Details
If 14.51 begins to break higher, the technical summary data tells us to buy DESP just slightly over 14.51, with an upside target of 15.39. The data also tells us to set a stop loss @ 14.47 in case the stock turns against the trade. 14.51 is the first level of resistance above 14.44, and by rule, any break above resistance is a buy signal. In this case, 14.51, 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 DESP slightly near 14.51, target 14.07, Stop Loss @ 14.55. Details
The technical summary data is suggesting a short of DESP if it tests 14.51 with a downside target of 14.07. We should have a stop loss in place at 14.55 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, 14.51, 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 DESP
- Buy DESP slightly over 14.55, target 15.39, Stop Loss @ 14.52 Details
If 14.55 begins to break higher, the technical summary data tells us to buy DESP just slightly over 14.55, with an upside target of 15.39. The data also tells us to set a stop loss @ 14.52 in case the stock turns against the trade. 14.55 is the first level of resistance above 14.44, and by rule, any break above resistance is a buy signal. In this case, 14.55, 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 DESP slightly near 14.55, target 14.07, Stop Loss @ 14.58. Details
The technical summary data is suggesting a short of DESP if it tests 14.55 with a downside target of 14.07. We should have a stop loss in place at 14.58 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, 14.55, 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 Despegar.com Corp. (DESP) available here: DESP.
DESP Ratings for October 31:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
11.97 |
P2 |
14.35 |
14.51 |
14.07 |
P3 |
14.55 |
15.39 |
16.33 |
AI Generated Signals for DESP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for DESP: