Learn to Evaluate (CB) using the Charts
April 28, 2024, 07:16 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CB
- Buy CB slightly over 242.67 target 253.1 stop loss @ 241.97 Details
The technical summary data tells us to buy CB near 242.67 with an upside target of 253.1. This data also tells us to set a stop loss @ 241.97 to protect against excessive loss in case the stock begins to move against the trade. 242.67 is the first level of support below 245.45 , and by rule, any test of support is a buy signal. In this case, support 242.67 would be being tested, so a buy signal would exist.
- Short CB slightly under 253.1, target 242.67, stop loss @ 253.83 Details
The technical summary data is suggesting a short of CB as it gets near 253.1 with a downside target of 242.67. We should have a stop loss in place at 253.83though. 253.1 is the first level of resistance above 245.45, and by rule, any test of resistance is a short signal. In this case, if resistance 253.1 is being tested, so a short signal would exist.
Swing Trading Plans for CB
- Buy CB slightly over 250.14, target 253.1, Stop Loss @ 249.42 Details
If 250.14 begins to break higher, the technical summary data tells us to buy CB just slightly over 250.14, with an upside target of 253.1. The data also tells us to set a stop loss @ 249.42 in case the stock turns against the trade. 250.14 is the first level of resistance above 245.45, and by rule, any break above resistance is a buy signal. In this case, 250.14, 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 CB slightly near 250.14, target 242.72, Stop Loss @ 250.86. Details
The technical summary data is suggesting a short of CB if it tests 250.14 with a downside target of 242.72. We should have a stop loss in place at 250.86 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, 250.14, 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 CB
- Buy CB slightly over 246.51, target 250.14, Stop Loss @ 245.93 Details
If 246.51 begins to break higher, the technical summary data tells us to buy CB just slightly over 246.51, with an upside target of 250.14. The data also tells us to set a stop loss @ 245.93 in case the stock turns against the trade. 246.51 is the first level of resistance above 245.45, and by rule, any break above resistance is a buy signal. In this case, 246.51, 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 CB slightly near 246.51, target 242.72, Stop Loss @ 247.09. Details
The technical summary data is suggesting a short of CB if it tests 246.51 with a downside target of 242.72. We should have a stop loss in place at 247.09 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, 246.51, 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 Chubb Limited (CB) available here: CB.
CB Ratings for April 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
242.67 |
| P2 |
239.59 |
242.72 |
253.1 |
| P3 |
246.51 |
250.14 |
263.47 |
AI Generated Signals for CB
Blue = Current Price
Red= Resistance
Green = Support
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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 Chubb Limited (NYSE: CB) report below can help you understand how to do this. The trading plans for CB, 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 CB:
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