(NYAX) Long Term Investment Analysis

December 18, 2024, 23:38 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NYAX

• Buy NYAX near 26.77 target 30.42 stop loss @ 26.69 Details

The technical summary data tells us to buy NYAX near 26.77 with an upside target of 30.42. This data also tells us to set a stop loss @ 26.69 to protect against excessive loss in case the stock begins to move against the trade. 26.77 is the first level of support below 27.79 , and by rule, any test of support is a buy signal. In this case, support 26.77 is being tested, a buy signal would exist.

• Short NYAX slightly under 30.42, target 26.77, stop loss @ 30.51 Details

The technical summary data is suggesting a short of NYAX as it gets near 30.42 with a downside target of 26.77. We should have a stop loss in place at 30.51though. 30.42 is the first level of resistance above 27.79, and by rule, any test of resistance is a short signal. In this case, if resistance 30.42 is being tested, a short signal would exist.

Swing Trading Plans for NYAX

• Buy NYAX slightly over 28.51, target 30.42, Stop Loss @ 28.43 Details

If 28.51 begins to break higher, the technical summary data tells us to buy NYAX just slightly over 28.51, with an upside target of 30.42. The data also tells us to set a stop loss @ 28.43 in case the stock turns against the trade. 28.51 is the first level of resistance above 27.79, and by rule, any break above resistance is a buy signal. In this case, 28.51, 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 NYAX slightly near 28.51, target 27.25, Stop Loss @ 28.59. Details

The technical summary data is suggesting a short of NYAX if it tests 28.51 with a downside target of 27.25. We should have a stop loss in place at 28.59 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, 28.51, 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.

Day Trading Plans for NYAX

• Buy NYAX slightly over 28.51, target 30.42, Stop Loss @ 28.44 Details

If 28.51 begins to break higher, the technical summary data tells us to buy NYAX just slightly over 28.51, with an upside target of 30.42. The data also tells us to set a stop loss @ 28.44 in case the stock turns against the trade. 28.51 is the first level of resistance above 27.79, and by rule, any break above resistance is a buy signal. In this case, 28.51, 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 NYAX slightly near 28.51, target 27.6, Stop Loss @ 28.58. Details

The technical summary data is suggesting a short of NYAX if it tests 28.51 with a downside target of 27.6. We should have a stop loss in place at 28.58 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, 28.51, 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 Nayax Ltd. (NYAX) available here: NYAX.

NYAX Ratings for December 18:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	23.33
P2	27.6	27.25	26.77
P3	28.42	28.51	30.42

AI Generated Signals for NYAX

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Technically, Nayax Ltd. (NASDAQ: NYAX) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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