Learn to Evaluate (VMI) using the Charts
February 13, 2024, 15:36 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VMI
- Buy VMI slightly over 226.45 target n/a stop loss @ 225.8. Details
The technical summary data tells us to buy VMI near 226.45, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 225.8 to protect against excessive loss in case the stock begins to move against the trade. 226.45 is the first level of support below 230.265, and by rule, any test of support is a buy signal. In this case, if support 226.45 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for VMI
- Buy VMI slightly over 231.67, target 239.79, Stop Loss @ 231 Details
If 231.67 begins to break higher, the technical summary data tells us to buy VMI just slightly over 231.67, with an upside target of 239.79. The data also tells us to set a stop loss @ 231 in case the stock turns against the trade. 231.67 is the first level of resistance above 230.265, and by rule, any break above resistance is a buy signal. In this case, 231.67, 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 VMI slightly near 231.67, target 226.45, Stop Loss @ 232.34. Details
The technical summary data is suggesting a short of VMI if it tests 231.67 with a downside target of 226.45. We should have a stop loss in place at 232.34 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, 231.67, 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 VMI
- Buy VMI slightly over 231.67, target 239.31, Stop Loss @ 231.13 Details
If 231.67 begins to break higher, the technical summary data tells us to buy VMI just slightly over 231.67, with an upside target of 239.31. The data also tells us to set a stop loss @ 231.13 in case the stock turns against the trade. 231.67 is the first level of resistance above 230.265, and by rule, any break above resistance is a buy signal. In this case, 231.67, 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 VMI slightly near 231.67, target 226.45, Stop Loss @ 232.21. Details
The technical summary data is suggesting a short of VMI if it tests 231.67 with a downside target of 226.45. We should have a stop loss in place at 232.21 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, 231.67, 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 Valmont Industries Inc. (VMI) available here: VMI.
VMI Ratings for February 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
188.06 |
| P2 |
239.31 |
231.67 |
207.92 |
| P3 |
242.85 |
239.79 |
226.45 |
AI Generated Signals for VMI
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Valmont Industries Inc. (NYSE: VMI) report below can help you understand how to do this. The trading plans for VMI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for VMI:
pool ads
