Trading (NARI) With Integrated Risk Controls
May 12, 2024, 20:22 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NARI
- Buy NARI slightly over 39.65 target 47.96 stop loss @ 39.54 Details
The technical summary data tells us to buy NARI near 39.65 with an upside target of 47.96. This data also tells us to set a stop loss @ 39.54 to protect against excessive loss in case the stock begins to move against the trade. 39.65 is the first level of support below 43.75 , and by rule, any test of support is a buy signal. In this case, support 39.65 would be being tested, so a buy signal would exist.
- Short NARI slightly under 47.96, target 39.65, stop loss @ 48.1 Details
The technical summary data is suggesting a short of NARI as it gets near 47.96 with a downside target of 39.65. We should have a stop loss in place at 48.1though. 47.96 is the first level of resistance above 43.75, and by rule, any test of resistance is a short signal. In this case, if resistance 47.96 is being tested, so a short signal would exist.
Swing Trading Plans for NARI
- Buy NARI slightly over 45.22, target 47.96, Stop Loss @ 45.09 Details
If 45.22 begins to break higher, the technical summary data tells us to buy NARI just slightly over 45.22, with an upside target of 47.96. The data also tells us to set a stop loss @ 45.09 in case the stock turns against the trade. 45.22 is the first level of resistance above 43.75, and by rule, any break above resistance is a buy signal. In this case, 45.22, 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 NARI slightly near 45.22, target 42.35, Stop Loss @ 45.35. Details
The technical summary data is suggesting a short of NARI if it tests 45.22 with a downside target of 42.35. We should have a stop loss in place at 45.35 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, 45.22, 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 NARI
- Buy NARI slightly over 45.22, target 47.96, Stop Loss @ 45.11 Details
If 45.22 begins to break higher, the technical summary data tells us to buy NARI just slightly over 45.22, with an upside target of 47.96. The data also tells us to set a stop loss @ 45.11 in case the stock turns against the trade. 45.22 is the first level of resistance above 43.75, and by rule, any break above resistance is a buy signal. In this case, 45.22, 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 NARI slightly near 45.22, target 43.37, Stop Loss @ 45.33. Details
The technical summary data is suggesting a short of NARI if it tests 45.22 with a downside target of 43.37. We should have a stop loss in place at 45.33 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, 45.22, 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 Inari Medical Inc. (NARI) available here: NARI.
NARI Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
39.65 |
| P2 |
42.46 |
42.35 |
47.96 |
| P3 |
43.37 |
45.22 |
56.62 |
AI Generated Signals for NARI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for NARI:
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