Learn to Evaluate (LZ) using the Charts

December 15, 2024, 17:32 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LZ

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Swing Trading Plans for LZ

• Buy LZ slightly over 8.16, target 8.41, Stop Loss @ 8.14 Details

If 8.16 begins to break higher, the technical summary data tells us to buy LZ just slightly over 8.16, with an upside target of 8.41. The data also tells us to set a stop loss @ 8.14 in case the stock turns against the trade. 8.16 is the first level of resistance above 8.07, and by rule, any break above resistance is a buy signal. In this case, 8.16, 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 LZ slightly near 8.16, target 6.17, Stop Loss @ 8.18. Details

The technical summary data is suggesting a short of LZ if it tests 8.16 with a downside target of 6.17. We should have a stop loss in place at 8.18 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, 8.16, 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 LZ

• Buy LZ slightly over 8.41, target n/a, Stop Loss @ 8.39 Details

If 8.41 begins to break higher, the technical summary data tells us to buy LZ just slightly over 8.41, with an upside target of n/a. The data also tells us to set a stop loss @ 8.39 in case the stock turns against the trade. 8.41 is the first level of resistance above 8.07, and by rule, any break above resistance is a buy signal. In this case, 8.41, 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 LZ slightly near 8.41, target 6.17, Stop Loss @ 8.43. Details

The technical summary data is suggesting a short of LZ if it tests 8.41 with a downside target of 6.17. We should have a stop loss in place at 8.43 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, 8.41, 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  Legalzoom.com Inc. (LZ) available here: LZ.

LZ Ratings for December 15:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	4.32
P2	8.1	8.16	6.17
P3	8.31	8.41	8.07

AI Generated Signals for LZ

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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  Legalzoom.com Inc. (NYSE: LZ) report below can help you understand how to do this. The trading plans for LZ, 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.