Trading (INCY) With Integrated Risk Controls
November 23, 2024, 20:22 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INCY
- Buy INCY near 67.57 target 75.31 stop loss @ 67.37 Details
The technical summary data tells us to buy INCY near 67.57 with an upside target of 75.31. This data also tells us to set a stop loss @ 67.37 to protect against excessive loss in case the stock begins to move against the trade. 67.57 is the first level of support below 71.72 , and by rule, any test of support is a buy signal. In this case, support 67.57 is being tested, a buy signal would exist.
- Short INCY slightly under 75.31, target 67.57, stop loss @ 75.53 Details
The technical summary data is suggesting a short of INCY as it gets near 75.31 with a downside target of 67.57. We should have a stop loss in place at 75.53though. 75.31 is the first level of resistance above 71.72, and by rule, any test of resistance is a short signal. In this case, if resistance 75.31 is being tested, a short signal would exist.
Swing Trading Plans for INCY
- Buy INCY slightly over 72.75, target 75.31, Stop Loss @ 72.54 Details
If 72.75 begins to break higher, the technical summary data tells us to buy INCY just slightly over 72.75, with an upside target of 75.31. The data also tells us to set a stop loss @ 72.54 in case the stock turns against the trade. 72.75 is the first level of resistance above 71.72, and by rule, any break above resistance is a buy signal. In this case, 72.75, 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 INCY slightly near 72.75, target 67.57, Stop Loss @ 72.96. Details
The technical summary data is suggesting a short of INCY if it tests 72.75 with a downside target of 67.57. We should have a stop loss in place at 72.96 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, 72.75, 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 INCY
- Buy INCY slightly over 72.75, target 75.31, Stop Loss @ 72.58 Details
If 72.75 begins to break higher, the technical summary data tells us to buy INCY just slightly over 72.75, with an upside target of 75.31. The data also tells us to set a stop loss @ 72.58 in case the stock turns against the trade. 72.75 is the first level of resistance above 71.72, and by rule, any break above resistance is a buy signal. In this case, 72.75, 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 INCY slightly near 72.75, target 71.02, Stop Loss @ 72.92. Details
The technical summary data is suggesting a short of INCY if it tests 72.75 with a downside target of 71.02. We should have a stop loss in place at 72.92 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, 72.75, 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 Incyte Corporation (INCY) available here: INCY.
INCY Ratings for November 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
61.07 |
| P2 |
65.84 |
67.07 |
67.57 |
| P3 |
71.02 |
72.75 |
75.31 |
AI Generated Signals for INCY
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for INCY:
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