Trend Tracker for Xilinx XLNX

February 01, 2022, 07:45 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Xilinx (NASDAQ: XLNX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XLNX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XLNX 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 XLNX too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for XLNX

• Buy XLNX slightly over 177.24 target 201.53 stop loss @ 176.73 Details

The technical summary data tells us to buy XLNX near 177.24 with an upside target of 201.53. This data also tells us to set a stop loss @ 176.73 to protect against excessive loss in case the stock begins to move against the trade. 177.24 is the first level of support below 198.07 , and by rule, any test of support is a buy signal. In this case, support 177.24 would be being tested, so a buy signal would exist.

• Short XLNX under 201.53, target 177.24, stop loss @ 202.11 Details

The technical summary data is suggesting a short of XLNX as it gets near 201.53 with a downside target of 177.24. We should have a stop loss in place at 202.11though. 201.53 is the first level of resistance above 198.07, and by rule, any test of resistance is a short signal. In this case, if resistance 201.53 is being tested, so a short signal would exist.

Swing Trading Plans for XLNX

• Buy XLNX slightly over 201.53, target 228.93, Stop Loss @ 200.95 Details

If 201.53 begins to break higher, the technical summary data tells us to buy XLNX just slightly over 201.53, with an upside target of 228.93. The data also tells us to set a stop loss @ 200.95 in case the stock turns against the trade. 201.53 is the first level of resistance above 198.07, and by rule, any break above resistance is a buy signal. In this case, 201.53, 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 XLNX near 201.53, target 183.01, Stop Loss @ 202.11. Details

The technical summary data is suggesting a short of XLNX if it tests 201.53 with a downside target of 183.01. We should have a stop loss in place at 202.11 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, 201.53, 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 XLNX

• Buy XLNX slightly over 201.53, target 228.93, Stop Loss @ 201.06 Details

If 201.53 begins to break higher, the technical summary data tells us to buy XLNX just slightly over 201.53, with an upside target of 228.93. The data also tells us to set a stop loss @ 201.06 in case the stock turns against the trade. 201.53 is the first level of resistance above 198.07, and by rule, any break above resistance is a buy signal. In this case, 201.53, 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 XLNX near 201.53, target 183.01, Stop Loss @ 202. Details

The technical summary data is suggesting a short of XLNX if it tests 201.53 with a downside target of 183.01. We should have a stop loss in place at 202 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, 201.53, 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.

XLNX Ratings for February 01:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	177.24
P2	168.36	166.61	201.53
P3	181.21	183.01	228.93

Support and Resistance Plot Chart for XLNX

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