Trading Analog Devices $ADI With Integrated Risk Controls
October 13, 2023, 13:30 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ADI
- 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 ADI slightly under 176.63, target n/a, stop loss @ 177.14 Details
The technical summary data is suggesting a short of ADI as it gets near 176.63, 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 177.14. 176.63 is the first level of resistance above 170.51, and by rule, any test of resistance is a short signal. In this case, if resistance 176.63 is being tested, so a short signal would exist.
Swing Trading Plans for ADI
- Buy ADI slightly over 171.91, target 176.63, Stop Loss @ 171.41 Details
If 171.91 begins to break higher, the technical summary data tells us to buy ADI just slightly over 171.91, with an upside target of 176.63. The data also tells us to set a stop loss @ 171.41 in case the stock turns against the trade. 171.91 is the first level of resistance above 170.51, and by rule, any break above resistance is a buy signal. In this case, 171.91, 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 ADI slightly near 171.91, target n/a, Stop Loss @ 172.41. Details
The technical summary data is suggesting a short of ADI if it tests 171.91 with a downside target of n/a. We should have a stop loss in place at 172.41 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, 171.91, 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 ADI
- Buy ADI slightly over 171.91, target 173.89, Stop Loss @ 171.51 Details
If 171.91 begins to break higher, the technical summary data tells us to buy ADI just slightly over 171.91, with an upside target of 173.89. The data also tells us to set a stop loss @ 171.51 in case the stock turns against the trade. 171.91 is the first level of resistance above 170.51, and by rule, any break above resistance is a buy signal. In this case, 171.91, 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 ADI slightly near 171.91, target n/a, Stop Loss @ 172.31. Details
The technical summary data is suggesting a short of ADI if it tests 171.91 with a downside target of n/a. We should have a stop loss in place at 172.31 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, 171.91, 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 Analog Devices (ADI) available here: ADI.
ADI Ratings for October 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
176.63 |
| P2 |
173.89 |
171.91 |
191.57 |
| P3 |
177.20 |
176.52 |
207.06 |
AI Generated Signals for ADI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ADI:
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