(NATH) Trading Advice

December 16, 2024, 00:42 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NATH

• Buy NATH near 82 target 89.56 stop loss @ 81.76 Details

The technical summary data tells us to buy NATH near 82 with an upside target of 89.56. This data also tells us to set a stop loss @ 81.76 to protect against excessive loss in case the stock begins to move against the trade. 82 is the first level of support below 82.92 , and by rule, any test of support is a buy signal. In this case, support 82 is being tested, a buy signal would exist.

• Short NATH slightly under 89.56, target 82, stop loss @ 89.82 Details

The technical summary data is suggesting a short of NATH as it gets near 89.56 with a downside target of 82. We should have a stop loss in place at 89.82though. 89.56 is the first level of resistance above 82.92, and by rule, any test of resistance is a short signal. In this case, if resistance 89.56 is being tested, a short signal would exist.

Swing Trading Plans for NATH

• Buy NATH slightly over 84.24, target 86.56, Stop Loss @ 84 Details

If 84.24 begins to break higher, the technical summary data tells us to buy NATH just slightly over 84.24, with an upside target of 86.56. The data also tells us to set a stop loss @ 84 in case the stock turns against the trade. 84.24 is the first level of resistance above 82.92, and by rule, any break above resistance is a buy signal. In this case, 84.24, 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 NATH slightly near 84.24, target 82, Stop Loss @ 84.48. Details

The technical summary data is suggesting a short of NATH if it tests 84.24 with a downside target of 82. We should have a stop loss in place at 84.48 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, 84.24, 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 NATH

• Buy NATH slightly over 83.71, target 84.24, Stop Loss @ 83.51 Details

If 83.71 begins to break higher, the technical summary data tells us to buy NATH just slightly over 83.71, with an upside target of 84.24. The data also tells us to set a stop loss @ 83.51 in case the stock turns against the trade. 83.71 is the first level of resistance above 82.92, and by rule, any break above resistance is a buy signal. In this case, 83.71, 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 NATH slightly near 83.71, target 82, Stop Loss @ 83.91. Details

The technical summary data is suggesting a short of NATH if it tests 83.71 with a downside target of 82. We should have a stop loss in place at 83.91 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, 83.71, 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 Nathan's Famous Inc. (NATH) available here: NATH.

NATH Ratings for December 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	75.55
P2	83.71	84.24	82
P3	85.88	86.56	89.56

AI Generated Signals for NATH

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Nathan's Famous Inc. (NASDAQ: NATH) while incorporating prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NATH 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 NATH too.  All of these are offered below the Summary Table.