When (MDB) Moves Investors should Listen

January 31, 2024, 10:04 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDB

• Buy MDB slightly over 375.16 target 434.97 stop loss @ 374.08 Details

The technical summary data tells us to buy MDB near 375.16 with an upside target of 434.97. This data also tells us to set a stop loss @ 374.08 to protect against excessive loss in case the stock begins to move against the trade. 375.16 is the first level of support below 406.34 , and by rule, any test of support is a buy signal. In this case, support 375.16 would be being tested, so a buy signal would exist.

• Short MDB slightly under 434.97, target 375.16, stop loss @ 436.23 Details

The technical summary data is suggesting a short of MDB as it gets near 434.97 with a downside target of 375.16. We should have a stop loss in place at 436.23though. 434.97 is the first level of resistance above 406.34, and by rule, any test of resistance is a short signal. In this case, if resistance 434.97 is being tested, so a short signal would exist.

Swing Trading Plans for MDB

• Buy MDB slightly over 423.87, target 434.97, Stop Loss @ 422.65 Details

If 423.87 begins to break higher, the technical summary data tells us to buy MDB just slightly over 423.87, with an upside target of 434.97. The data also tells us to set a stop loss @ 422.65 in case the stock turns against the trade. 423.87 is the first level of resistance above 406.34, and by rule, any break above resistance is a buy signal. In this case, 423.87, 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 MDB slightly near 423.87, target 404.58, Stop Loss @ 425.09. Details

The technical summary data is suggesting a short of MDB if it tests 423.87 with a downside target of 404.58. We should have a stop loss in place at 425.09 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, 423.87, 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 MDB

• Buy MDB slightly over 416.18, target 423.87, Stop Loss @ 415.21 Details

If 416.18 begins to break higher, the technical summary data tells us to buy MDB just slightly over 416.18, with an upside target of 423.87. The data also tells us to set a stop loss @ 415.21 in case the stock turns against the trade. 416.18 is the first level of resistance above 406.34, and by rule, any break above resistance is a buy signal. In this case, 416.18, 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 MDB slightly near 416.18, target 404.58, Stop Loss @ 417.15. Details

The technical summary data is suggesting a short of MDB if it tests 416.18 with a downside target of 404.58. We should have a stop loss in place at 417.15 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, 416.18, 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  Mongodb Inc. (MDB) available here: MDB.

MDB Ratings for January 31:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	375.16
P2	399.41	404.58	434.97
P3	416.18	423.87	499.04

AI Generated Signals for MDB

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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  Mongodb Inc. (NYSE: MDB) report below is a real world example. Included are trading plans for MDB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.