Trading (CNOB) With Integrated Risk Controls
October 09, 2024, 23:48 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CNOB
- Buy CNOB near 22.68 target 25.81 stop loss @ 22.61 Details
The technical summary data tells us to buy CNOB near 22.68 with an upside target of 25.81. This data also tells us to set a stop loss @ 22.61 to protect against excessive loss in case the stock begins to move against the trade. 22.68 is the first level of support below 24.95 , and by rule, any test of support is a buy signal. In this case, support 22.68 is being tested, a buy signal would exist.
- Short CNOB slightly under 25.81, target 22.68, stop loss @ 25.88 Details
The technical summary data is suggesting a short of CNOB as it gets near 25.81 with a downside target of 22.68. We should have a stop loss in place at 25.88though. 25.81 is the first level of resistance above 24.95, and by rule, any test of resistance is a short signal. In this case, if resistance 25.81 is being tested, a short signal would exist.
Swing Trading Plans for CNOB
- Buy CNOB slightly over 25.1, target 25.81, Stop Loss @ 25.03 Details
If 25.1 begins to break higher, the technical summary data tells us to buy CNOB just slightly over 25.1, with an upside target of 25.81. The data also tells us to set a stop loss @ 25.03 in case the stock turns against the trade. 25.1 is the first level of resistance above 24.95, and by rule, any break above resistance is a buy signal. In this case, 25.1, 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 CNOB slightly near 25.1, target 24.5, Stop Loss @ 25.17. Details
The technical summary data is suggesting a short of CNOB if it tests 25.1 with a downside target of 24.5. We should have a stop loss in place at 25.17 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, 25.1, 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 CNOB
- Buy CNOB slightly over 25.18, target 25.81, Stop Loss @ 25.12 Details
If 25.18 begins to break higher, the technical summary data tells us to buy CNOB just slightly over 25.18, with an upside target of 25.81. The data also tells us to set a stop loss @ 25.12 in case the stock turns against the trade. 25.18 is the first level of resistance above 24.95, and by rule, any break above resistance is a buy signal. In this case, 25.18, 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 CNOB slightly near 25.18, target 24.77, Stop Loss @ 25.24. Details
The technical summary data is suggesting a short of CNOB if it tests 25.18 with a downside target of 24.77. We should have a stop loss in place at 25.24 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, 25.18, 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 Connectone Bancorp Inc. (CNOB) available here: CNOB.
CNOB Ratings for October 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
19.59 |
| P2 |
24.77 |
24.5 |
22.68 |
| P3 |
25.18 |
25.1 |
25.81 |
AI Generated Signals for CNOB
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CNOB:
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