When (CVNA) Moves Investors should Listen
April 18, 2024, 14:14 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CVNA
- Buy CVNA slightly over 55.6 target 70.79 stop loss @ 55.44 Details
The technical summary data tells us to buy CVNA near 55.6 with an upside target of 70.79. This data also tells us to set a stop loss @ 55.44 to protect against excessive loss in case the stock begins to move against the trade. 55.6 is the first level of support below 70.31 , and by rule, any test of support is a buy signal. In this case, support 55.6 would be being tested, so a buy signal would exist.
- Short CVNA slightly under 70.79, target 55.6, stop loss @ 70.99 Details
The technical summary data is suggesting a short of CVNA as it gets near 70.79 with a downside target of 55.6. We should have a stop loss in place at 70.99though. 70.79 is the first level of resistance above 70.31, and by rule, any test of resistance is a short signal. In this case, if resistance 70.79 is being tested, so a short signal would exist.
Swing Trading Plans for CVNA
- Buy CVNA slightly over 70.79, target 73.36, Stop Loss @ 70.59 Details
If 70.79 begins to break higher, the technical summary data tells us to buy CVNA just slightly over 70.79, with an upside target of 73.36. The data also tells us to set a stop loss @ 70.59 in case the stock turns against the trade. 70.79 is the first level of resistance above 70.31, and by rule, any break above resistance is a buy signal. In this case, 70.79, 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 CVNA slightly near 70.79, target 67.04, Stop Loss @ 70.99. Details
The technical summary data is suggesting a short of CVNA if it tests 70.79 with a downside target of 67.04. We should have a stop loss in place at 70.99 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, 70.79, 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 CVNA
- Buy CVNA slightly over 70.79, target 73.36, Stop Loss @ 70.62 Details
If 70.79 begins to break higher, the technical summary data tells us to buy CVNA just slightly over 70.79, with an upside target of 73.36. The data also tells us to set a stop loss @ 70.62 in case the stock turns against the trade. 70.79 is the first level of resistance above 70.31, and by rule, any break above resistance is a buy signal. In this case, 70.79, 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 CVNA slightly near 70.79, target 68.86, Stop Loss @ 70.96. Details
The technical summary data is suggesting a short of CVNA if it tests 70.79 with a downside target of 68.86. We should have a stop loss in place at 70.96 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, 70.79, 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 Carvana Co. Class A (CVNA) available here: CVNA.
CVNA Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
55.6 |
| P2 |
64.91 |
67.04 |
70.79 |
| P3 |
68.86 |
73.36 |
88.06 |
AI Generated Signals for CVNA
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 Carvana Co. Class A (NASDAQ: CVNA) report below is a real world example. Included are trading plans for CVNA, 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 CVNA:
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