Learn to Evaluate (NEU) using the Charts
November 14, 2024, 00:16 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NEU
- Buy NEU near 540.83 target 584.99 stop loss @ 539.27 Details
The technical summary data tells us to buy NEU near 540.83 with an upside target of 584.99. This data also tells us to set a stop loss @ 539.27 to protect against excessive loss in case the stock begins to move against the trade. 540.83 is the first level of support below 549.2 , and by rule, any test of support is a buy signal. In this case, support 540.83 is being tested, a buy signal would exist.
- Short NEU slightly under 584.99, target 540.83, stop loss @ 586.68 Details
The technical summary data is suggesting a short of NEU as it gets near 584.99 with a downside target of 540.83. We should have a stop loss in place at 586.68though. 584.99 is the first level of resistance above 549.2, and by rule, any test of resistance is a short signal. In this case, if resistance 584.99 is being tested, a short signal would exist.
Swing Trading Plans for NEU
- Buy NEU slightly over 550.48, target 569.41, Stop Loss @ 548.89 Details
If 550.48 begins to break higher, the technical summary data tells us to buy NEU just slightly over 550.48, with an upside target of 569.41. The data also tells us to set a stop loss @ 548.89 in case the stock turns against the trade. 550.48 is the first level of resistance above 549.2, and by rule, any break above resistance is a buy signal. In this case, 550.48, 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 NEU slightly near 550.48, target 540.83, Stop Loss @ 552.07. Details
The technical summary data is suggesting a short of NEU if it tests 550.48 with a downside target of 540.83. We should have a stop loss in place at 552.07 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, 550.48, 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 NEU
- Buy NEU slightly over 549.5, target 550.48, Stop Loss @ 548.22 Details
If 549.5 begins to break higher, the technical summary data tells us to buy NEU just slightly over 549.5, with an upside target of 550.48. The data also tells us to set a stop loss @ 548.22 in case the stock turns against the trade. 549.5 is the first level of resistance above 549.2, and by rule, any break above resistance is a buy signal. In this case, 549.5, 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 NEU slightly near 549.5, target 540.83, Stop Loss @ 550.78. Details
The technical summary data is suggesting a short of NEU if it tests 549.5 with a downside target of 540.83. We should have a stop loss in place at 550.78 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, 549.5, 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 Newmarket Corp (NEU) available here: NEU.
NEU Ratings for November 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
498.4 |
| P2 |
549.5 |
550.48 |
540.83 |
| P3 |
554.36 |
569.41 |
584.99 |
AI Generated Signals for NEU
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Newmarket Corp (NYSE: NEU) report below can help you understand how to do this. The trading plans for NEU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NEU:
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