pool adsManaging Risk in National Instruments $NATI by Using Price Action
This price action in National Instruments (NASDAQ: NATI) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for NATI below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 38.10 |
| P2 | 40.82 | 41.29 | 41.96 |
| P3 | 42.62 | 43.34 | 45.85 |
Support and Resistance Plot Chart for NATI
Long Term Trading Plans for NATI
March 9, 2021, 6:30 pm ET
The Technical Summary and Trading Plans for NATI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NATI Report.
NATI - (Long) Support Plan
The technical summary data tells us to buy NATI near 41.96 with an upside target of 45.85. This data also tells us to set a stop loss @ 41.84 to protect against excessive loss in case the stock begins to move against the trade. 41.96 is the first level of support below 42.18 , and by rule, any test of support is a buy signal. In this case, support 41.96 is being tested, a buy signal would exist.
NATI - (Short) Resistance Plan
The technical summary data is suggesting a short of NATI as it gets near 45.85 with a downside target of 41.96. We should have a stop loss in place at 45.98though. 45.85 is the first level of resistance above 42.18, and by rule, any test of resistance is a short signal. In this case, if resistance 45.85 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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