How the (TRNS) price action is used to our Advantage
April 05, 2024, 07:14 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TRNS
- Buy TRNS slightly over 100.51 target 109.07 stop loss @ 100.22 Details
The technical summary data tells us to buy TRNS near 100.51 with an upside target of 109.07. This data also tells us to set a stop loss @ 100.22 to protect against excessive loss in case the stock begins to move against the trade. 100.51 is the first level of support below 106.18 , and by rule, any test of support is a buy signal. In this case, support 100.51 would be being tested, so a buy signal would exist.
- Short TRNS slightly under 109.07, target 100.51, stop loss @ 109.38 Details
The technical summary data is suggesting a short of TRNS as it gets near 109.07 with a downside target of 100.51. We should have a stop loss in place at 109.38though. 109.07 is the first level of resistance above 106.18, and by rule, any test of resistance is a short signal. In this case, if resistance 109.07 is being tested, so a short signal would exist.
Swing Trading Plans for TRNS
- Buy TRNS slightly over 107.65, target 109.07, Stop Loss @ 107.34 Details
If 107.65 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 107.65, with an upside target of 109.07. The data also tells us to set a stop loss @ 107.34 in case the stock turns against the trade. 107.65 is the first level of resistance above 106.18, and by rule, any break above resistance is a buy signal. In this case, 107.65, 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 TRNS slightly near 107.65, target 100.51, Stop Loss @ 107.96. Details
The technical summary data is suggesting a short of TRNS if it tests 107.65 with a downside target of 100.51. We should have a stop loss in place at 107.96 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, 107.65, 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 TRNS
- Buy TRNS slightly over 106.76, target 107.65, Stop Loss @ 106.51 Details
If 106.76 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 106.76, with an upside target of 107.65. The data also tells us to set a stop loss @ 106.51 in case the stock turns against the trade. 106.76 is the first level of resistance above 106.18, and by rule, any break above resistance is a buy signal. In this case, 106.76, 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 TRNS slightly near 106.76, target 100.51, Stop Loss @ 107.01. Details
The technical summary data is suggesting a short of TRNS if it tests 106.76 with a downside target of 100.51. We should have a stop loss in place at 107.01 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, 106.76, 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 Transcat Inc. (TRNS) available here: TRNS.
TRNS Ratings for April 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
100.51 |
| P2 |
106.76 |
107.65 |
109.07 |
| P3 |
108.43 |
110.94 |
118.59 |
AI Generated Signals for TRNS
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Transcat Inc. (NASDAQ: TRNS) data table below can help you with price action, and we have more details too. Trading plans for TRNS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TRNS:
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