Trading (WRBY) With Integrated Risk Controls
July 15, 2024, 13:36 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WRBY
- Buy WRBY slightly over 14.9 target 17.08 stop loss @ 14.86 Details
The technical summary data tells us to buy WRBY near 14.9 with an upside target of 17.08. This data also tells us to set a stop loss @ 14.86 to protect against excessive loss in case the stock begins to move against the trade. 14.9 is the first level of support below 16.33 , and by rule, any test of support is a buy signal. In this case, support 14.9 is being tested, a buy signal would exist.
- Short WRBY slightly under 17.08, target 14.9, stop loss @ 17.13 Details
The technical summary data is suggesting a short of WRBY as it gets near 17.08 with a downside target of 14.9. We should have a stop loss in place at 17.13though. 17.08 is the first level of resistance above 16.33, and by rule, any test of resistance is a short signal. In this case, if resistance 17.08 is being tested, a short signal would exist.
Swing Trading Plans for WRBY
- Buy WRBY slightly over 17.08, target n/a, Stop Loss @ 17.03 Details
If 17.08 begins to break higher, the technical summary data tells us to buy WRBY just slightly over 17.08, with an upside target of n/a. The data also tells us to set a stop loss @ 17.03 in case the stock turns against the trade. 17.08 is the first level of resistance above 16.33, and by rule, any break above resistance is a buy signal. In this case, 17.08, 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 WRBY slightly near 17.08, target 16.18, Stop Loss @ 17.13. Details
The technical summary data is suggesting a short of WRBY if it tests 17.08 with a downside target of 16.18. We should have a stop loss in place at 17.13 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, 17.08, 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 WRBY
- Buy WRBY slightly over 17.08, target n/a, Stop Loss @ 17.04 Details
If 17.08 begins to break higher, the technical summary data tells us to buy WRBY just slightly over 17.08, with an upside target of n/a. The data also tells us to set a stop loss @ 17.04 in case the stock turns against the trade. 17.08 is the first level of resistance above 16.33, and by rule, any break above resistance is a buy signal. In this case, 17.08, 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 WRBY slightly near 17.08, target 16.28, Stop Loss @ 17.12. Details
The technical summary data is suggesting a short of WRBY if it tests 17.08 with a downside target of 16.28. We should have a stop loss in place at 17.12 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, 17.08, 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 Warby Parker Inc. Class A (WRBY) available here: WRBY.
WRBY Ratings for July 15:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
12.77 |
P2 |
15.94 |
15.46 |
14.9 |
P3 |
16.28 |
16.18 |
17.08 |
AI Generated Signals for WRBY
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for WRBY: