(NTAP) Technical Pivots with Risk Controls

December 11, 2024, 12:26 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NTAP

• Buy NTAP near 120.85 target 133.1 stop loss @ 120.5 Details

The technical summary data tells us to buy NTAP near 120.85 with an upside target of 133.1. This data also tells us to set a stop loss @ 120.5 to protect against excessive loss in case the stock begins to move against the trade. 120.85 is the first level of support below 124.515 , and by rule, any test of support is a buy signal. In this case, support 120.85 would be being tested, so a buy signal would exist.

• Short NTAP slightly under 133.1, target 120.85, stop loss @ 133.48 Details

The technical summary data is suggesting a short of NTAP as it gets near 133.1 with a downside target of 120.85. We should have a stop loss in place at 133.48though. 133.1 is the first level of resistance above 124.515, and by rule, any test of resistance is a short signal. In this case, if resistance 133.1 is being tested, so a short signal would exist.

Swing Trading Plans for NTAP

• Buy NTAP slightly over 130.74, target 133.1, Stop Loss @ 130.36 Details

If 130.74 begins to break higher, the technical summary data tells us to buy NTAP just slightly over 130.74, with an upside target of 133.1. The data also tells us to set a stop loss @ 130.36 in case the stock turns against the trade. 130.74 is the first level of resistance above 124.515, and by rule, any break above resistance is a buy signal. In this case, 130.74, 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 NTAP slightly near 130.74, target 124.17, Stop Loss @ 131.12. Details

The technical summary data is suggesting a short of NTAP if it tests 130.74 with a downside target of 124.17. We should have a stop loss in place at 131.12 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, 130.74, 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 NTAP

• Buy NTAP slightly over 126.95, target 130.74, Stop Loss @ 126.65 Details

If 126.95 begins to break higher, the technical summary data tells us to buy NTAP just slightly over 126.95, with an upside target of 130.74. The data also tells us to set a stop loss @ 126.65 in case the stock turns against the trade. 126.95 is the first level of resistance above 124.515, and by rule, any break above resistance is a buy signal. In this case, 126.95, 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 NTAP slightly near 126.95, target 124.17, Stop Loss @ 127.25. Details

The technical summary data is suggesting a short of NTAP if it tests 126.95 with a downside target of 124.17. We should have a stop loss in place at 127.25 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, 126.95, 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 Netapp Inc. (NTAP) available here: NTAP.

NTAP Ratings for December 11:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	120.85
P2	122.05	124.17	133.1
P3	126.95	130.74	145.32

AI Generated Signals for NTAP

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The technical pivots for Netapp Inc. (NASDAQ: NTAP) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NTAP 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 NTAP 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 NTAP too.  All of these are offered below the Summary Table.