October 01, 2024, 19:18 pm ET, BY Rick W. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MUSA
- Buy MUSA near 480.65 target 512.15 stop loss @ 479.26 Details
The technical summary data tells us to buy MUSA near 480.65 with an upside target of 512.15. This data also tells us to set a stop loss @ 479.26 to protect against excessive loss in case the stock begins to move against the trade. 480.65 is the first level of support below 496.43 , and by rule, any test of support is a buy signal. In this case, support 480.65 would be being tested, so a buy signal would exist.
- Short MUSA slightly under 512.15, target 480.65, stop loss @ 513.63 Details
The technical summary data is suggesting a short of MUSA as it gets near 512.15 with a downside target of 480.65. We should have a stop loss in place at 513.63though. 512.15 is the first level of resistance above 496.43, and by rule, any test of resistance is a short signal. In this case, if resistance 512.15 is being tested, so a short signal would exist.
Swing Trading Plans for MUSA
- Buy MUSA slightly over 512.15, target 543.9, Stop Loss @ 510.67 Details
If 512.15 begins to break higher, the technical summary data tells us to buy MUSA just slightly over 512.15, with an upside target of 543.9. The data also tells us to set a stop loss @ 510.67 in case the stock turns against the trade. 512.15 is the first level of resistance above 496.43, and by rule, any break above resistance is a buy signal. In this case, 512.15, 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 MUSA slightly near 512.15, target 494.9, Stop Loss @ 513.63. Details
The technical summary data is suggesting a short of MUSA if it tests 512.15 with a downside target of 494.9. We should have a stop loss in place at 513.63 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, 512.15, 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 MUSA
- Buy MUSA slightly over 503.14, target 512.15, Stop Loss @ 501.97 Details
If 503.14 begins to break higher, the technical summary data tells us to buy MUSA just slightly over 503.14, with an upside target of 512.15. The data also tells us to set a stop loss @ 501.97 in case the stock turns against the trade. 503.14 is the first level of resistance above 496.43, and by rule, any break above resistance is a buy signal. In this case, 503.14, 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 MUSA slightly near 503.14, target 494.9, Stop Loss @ 504.31. Details
The technical summary data is suggesting a short of MUSA if it tests 503.14 with a downside target of 494.9. We should have a stop loss in place at 504.31 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, 503.14, 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 Murphy Usa Inc. (MUSA) available here: MUSA.
MUSA Ratings for October 01:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Weak |
Strong |
P1 |
0 |
0 |
480.65 |
P2 |
493.63 |
469.77 |
512.15 |
P3 |
503.14 |
494.9 |
543.9 |
AI Generated Signals for MUSA
Blue = Current Price
Red = Resistance
Green = Support
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