When the Price of Main Street Capital $MAIN Talks, People Listen
November 15, 2023, 07:00 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MAIN
- Buy MAIN slightly over 40.83 target 42.63 stop loss @ 40.71 Details
The technical summary data tells us to buy MAIN near 40.83 with an upside target of 42.63. This data also tells us to set a stop loss @ 40.71 to protect against excessive loss in case the stock begins to move against the trade. 40.83 is the first level of support below 41 , and by rule, any test of support is a buy signal. In this case, support 40.83 is being tested, a buy signal would exist.
- Short MAIN slightly under 42.63, target 40.83, stop loss @ 42.75 Details
The technical summary data is suggesting a short of MAIN as it gets near 42.63 with a downside target of 40.83. We should have a stop loss in place at 42.75though. 42.63 is the first level of resistance above 41, and by rule, any test of resistance is a short signal. In this case, if resistance 42.63 is being tested, a short signal would exist.
Swing Trading Plans for MAIN
- Buy MAIN slightly over 41.67, target 42.63, Stop Loss @ 41.55 Details
If 41.67 begins to break higher, the technical summary data tells us to buy MAIN just slightly over 41.67, with an upside target of 42.63. The data also tells us to set a stop loss @ 41.55 in case the stock turns against the trade. 41.67 is the first level of resistance above 41, and by rule, any break above resistance is a buy signal. In this case, 41.67, 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 MAIN slightly near 41.67, target 40.83, Stop Loss @ 41.79. Details
The technical summary data is suggesting a short of MAIN if it tests 41.67 with a downside target of 40.83. We should have a stop loss in place at 41.79 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, 41.67, 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 MAIN
- Buy MAIN slightly over 41.67, target 42.63, Stop Loss @ 41.57 Details
If 41.67 begins to break higher, the technical summary data tells us to buy MAIN just slightly over 41.67, with an upside target of 42.63. The data also tells us to set a stop loss @ 41.57 in case the stock turns against the trade. 41.67 is the first level of resistance above 41, and by rule, any break above resistance is a buy signal. In this case, 41.67, 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 MAIN slightly near 41.67, target 40.86, Stop Loss @ 41.77. Details
The technical summary data is suggesting a short of MAIN if it tests 41.67 with a downside target of 40.86. We should have a stop loss in place at 41.77 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, 41.67, 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 Main Street Capital (MAIN) available here: MAIN.
MAIN Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
39.06 |
| P2 |
40.50 |
40.29 |
40.83 |
| P3 |
40.86 |
41.67 |
42.63 |
AI Generated Signals for MAIN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Main Street Capital (NASDAQ: MAIN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MAIN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MAIN:
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