(SLAB) Proactive Strategies

November 10, 2024, 05:26 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SLAB

• Buy SLAB near 97.32 target 112.82 stop loss @ 97.04 Details

The technical summary data tells us to buy SLAB near 97.32 with an upside target of 112.82. This data also tells us to set a stop loss @ 97.04 to protect against excessive loss in case the stock begins to move against the trade. 97.32 is the first level of support below 112.1 , and by rule, any test of support is a buy signal. In this case, support 97.32 would be being tested, so a buy signal would exist.

• Short SLAB slightly under 112.82, target 97.32, stop loss @ 113.15 Details

The technical summary data is suggesting a short of SLAB as it gets near 112.82 with a downside target of 97.32. We should have a stop loss in place at 113.15though. 112.82 is the first level of resistance above 112.1, and by rule, any test of resistance is a short signal. In this case, if resistance 112.82 is being tested, so a short signal would exist.

Swing Trading Plans for SLAB

• Buy SLAB slightly over 112.82, target 114.06, Stop Loss @ 112.49 Details

If 112.82 begins to break higher, the technical summary data tells us to buy SLAB just slightly over 112.82, with an upside target of 114.06. The data also tells us to set a stop loss @ 112.49 in case the stock turns against the trade. 112.82 is the first level of resistance above 112.1, and by rule, any break above resistance is a buy signal. In this case, 112.82, 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 SLAB slightly near 112.82, target 104.33, Stop Loss @ 113.15. Details

The technical summary data is suggesting a short of SLAB if it tests 112.82 with a downside target of 104.33. We should have a stop loss in place at 113.15 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, 112.82, 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 SLAB

• Buy SLAB slightly over 112.3, target 112.82, Stop Loss @ 112.04 Details

If 112.3 begins to break higher, the technical summary data tells us to buy SLAB just slightly over 112.3, with an upside target of 112.82. The data also tells us to set a stop loss @ 112.04 in case the stock turns against the trade. 112.3 is the first level of resistance above 112.1, and by rule, any break above resistance is a buy signal. In this case, 112.3, 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 SLAB slightly near 112.3, target 104.33, Stop Loss @ 112.56. Details

The technical summary data is suggesting a short of SLAB if it tests 112.3 with a downside target of 104.33. We should have a stop loss in place at 112.56 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, 112.3, 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 Silicon Laboratories Inc. (SLAB) available here: SLAB.

SLAB Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	97.32
P2	112.3	104.33	112.82
P3	117.59	114.06	128.86

AI Generated Signals for SLAB

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Don't over think it!  Trading Silicon Laboratories Inc. (NASDAQ: SLAB) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SLAB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SLAB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SLAB too.  All of these are offered below the Summary Table.