How the (IBTX) price action is used to our Advantage
May 02, 2024, 01:20 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IBTX
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short IBTX slightly under 40.03, target n/a, stop loss @ 40.15 Details
The technical summary data is suggesting a short of IBTX as it gets near 40.03, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 40.15. 40.03 is the first level of resistance above 37.64, and by rule, any test of resistance is a short signal. In this case, if resistance 40.03 is being tested, so a short signal would exist.
Swing Trading Plans for IBTX
- Buy IBTX slightly over 39.59, target 40.03, Stop Loss @ 39.48 Details
If 39.59 begins to break higher, the technical summary data tells us to buy IBTX just slightly over 39.59, with an upside target of 40.03. The data also tells us to set a stop loss @ 39.48 in case the stock turns against the trade. 39.59 is the first level of resistance above 37.64, and by rule, any break above resistance is a buy signal. In this case, 39.59, 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 IBTX slightly near 39.59, target 37.04, Stop Loss @ 39.7. Details
The technical summary data is suggesting a short of IBTX if it tests 39.59 with a downside target of 37.04. We should have a stop loss in place at 39.7 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, 39.59, 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 IBTX
- Buy IBTX slightly over 37.77, target 39.59, Stop Loss @ 37.68 Details
If 37.77 begins to break higher, the technical summary data tells us to buy IBTX just slightly over 37.77, with an upside target of 39.59. The data also tells us to set a stop loss @ 37.68 in case the stock turns against the trade. 37.77 is the first level of resistance above 37.64, and by rule, any break above resistance is a buy signal. In this case, 37.77, 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 IBTX slightly near 37.77, target 37.04, Stop Loss @ 37.86. Details
The technical summary data is suggesting a short of IBTX if it tests 37.77 with a downside target of 37.04. We should have a stop loss in place at 37.86 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, 37.77, 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 Independent Bank Group Inc (IBTX) available here: IBTX.
IBTX Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
40.03 |
| P2 |
36.75 |
37.04 |
45.76 |
| P3 |
37.77 |
39.59 |
51.45 |
AI Generated Signals for IBTX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Independent Bank Group Inc (NASDAQ: IBTX) data table below can help you with price action, and we have more details too. Trading plans for IBTX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IBTX:
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