When (CB) Moves Investors should Listen

February 27, 2024, 21:32 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CB

• Buy CB slightly over 248.54 target n/a stop loss @ 247.82. Details

The technical summary data tells us to buy CB near 248.54, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 247.82 to protect against excessive loss in case the stock begins to move against the trade. 248.54 is the first level of support below 254.87, and by rule, any test of support is a buy signal. In this case, if support 248.54 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for CB

• Buy CB slightly over 258, target n/a, Stop Loss @ 257.25 Details

If 258 begins to break higher, the technical summary data tells us to buy CB just slightly over 258, with an upside target of n/a. The data also tells us to set a stop loss @ 257.25 in case the stock turns against the trade. 258 is the first level of resistance above 254.87, and by rule, any break above resistance is a buy signal. In this case, 258, 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 CB slightly near 258, target 254.56, Stop Loss @ 258.75. Details

The technical summary data is suggesting a short of CB if it tests 258 with a downside target of 254.56. We should have a stop loss in place at 258.75 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, 258, 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 CB

• Buy CB slightly over 257.29, target 258, Stop Loss @ 256.69 Details

If 257.29 begins to break higher, the technical summary data tells us to buy CB just slightly over 257.29, with an upside target of 258. The data also tells us to set a stop loss @ 256.69 in case the stock turns against the trade. 257.29 is the first level of resistance above 254.87, and by rule, any break above resistance is a buy signal. In this case, 257.29, 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 CB slightly near 257.29, target 254.56, Stop Loss @ 257.89. Details

The technical summary data is suggesting a short of CB if it tests 257.29 with a downside target of 254.56. We should have a stop loss in place at 257.89 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, 257.29, 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  Chubb Limited (CB) available here: CB.

CB Ratings for February 27:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	225.94
P2	254.16	254.56	237.25
P3	257.29	258	248.54

AI Generated Signals for CB

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