Long Term Trading Analysis for (JANX)

November 13, 2024, 08:18 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for JANX

• Buy JANX near 45.94 target 57.98 stop loss @ 45.81 Details

The technical summary data tells us to buy JANX near 45.94 with an upside target of 57.98. This data also tells us to set a stop loss @ 45.81 to protect against excessive loss in case the stock begins to move against the trade. 45.94 is the first level of support below 52.84 , and by rule, any test of support is a buy signal. In this case, support 45.94 would be being tested, so a buy signal would exist.

• Short JANX slightly under 57.98, target 45.94, stop loss @ 58.15 Details

The technical summary data is suggesting a short of JANX as it gets near 57.98 with a downside target of 45.94. We should have a stop loss in place at 58.15though. 57.98 is the first level of resistance above 52.84, and by rule, any test of resistance is a short signal. In this case, if resistance 57.98 is being tested, so a short signal would exist.

Swing Trading Plans for JANX

• Buy JANX slightly over 55.79, target 57.98, Stop Loss @ 55.63 Details

If 55.79 begins to break higher, the technical summary data tells us to buy JANX just slightly over 55.79, with an upside target of 57.98. The data also tells us to set a stop loss @ 55.63 in case the stock turns against the trade. 55.79 is the first level of resistance above 52.84, and by rule, any break above resistance is a buy signal. In this case, 55.79, 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 JANX slightly near 55.79, target 52.32, Stop Loss @ 55.95. Details

The technical summary data is suggesting a short of JANX if it tests 55.79 with a downside target of 52.32. We should have a stop loss in place at 55.95 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, 55.79, 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 JANX

• Buy JANX slightly over 53.35, target 55.79, Stop Loss @ 53.23 Details

If 53.35 begins to break higher, the technical summary data tells us to buy JANX just slightly over 53.35, with an upside target of 55.79. The data also tells us to set a stop loss @ 53.23 in case the stock turns against the trade. 53.35 is the first level of resistance above 52.84, and by rule, any break above resistance is a buy signal. In this case, 53.35, 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 JANX slightly near 53.35, target 52.32, Stop Loss @ 53.47. Details

The technical summary data is suggesting a short of JANX if it tests 53.35 with a downside target of 52.32. We should have a stop loss in place at 53.47 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, 53.35, 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 Janux Therapeutics Inc. (JANX) available here: JANX.

JANX Ratings for November 13:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	45.94
P2	51.41	52.32	57.98
P3	53.35	55.79	73.37

AI Generated Signals for JANX

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Janux Therapeutics Inc. (NASDAQ: JANX) while incorporating prudent risk controls.

Warning:

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