(IT) Technical Pivots with Risk Controls

February 06, 2024, 14:38 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IT

• Buy IT slightly over 436.43 target 469.86 stop loss @ 435.17 Details

The technical summary data tells us to buy IT near 436.43 with an upside target of 469.86. This data also tells us to set a stop loss @ 435.17 to protect against excessive loss in case the stock begins to move against the trade. 436.43 is the first level of support below 461.76 , and by rule, any test of support is a buy signal. In this case, support 436.43 is being tested, a buy signal would exist.

• Short IT slightly under 469.86, target 436.43, stop loss @ 471.22 Details

The technical summary data is suggesting a short of IT as it gets near 469.86 with a downside target of 436.43. We should have a stop loss in place at 471.22though. 469.86 is the first level of resistance above 461.76, and by rule, any test of resistance is a short signal. In this case, if resistance 469.86 is being tested, a short signal would exist.

Swing Trading Plans for IT

• Buy IT slightly over 469.11, target 469.86, Stop Loss @ 467.76 Details

If 469.11 begins to break higher, the technical summary data tells us to buy IT just slightly over 469.11, with an upside target of 469.86. The data also tells us to set a stop loss @ 467.76 in case the stock turns against the trade. 469.11 is the first level of resistance above 461.76, and by rule, any break above resistance is a buy signal. In this case, 469.11, 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 IT slightly near 469.11, target 460.56, Stop Loss @ 470.46. Details

The technical summary data is suggesting a short of IT if it tests 469.11 with a downside target of 460.56. We should have a stop loss in place at 470.46 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, 469.11, 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 IT

• Buy IT slightly over 464.49, target 469.11, Stop Loss @ 463.41 Details

If 464.49 begins to break higher, the technical summary data tells us to buy IT just slightly over 464.49, with an upside target of 469.11. The data also tells us to set a stop loss @ 463.41 in case the stock turns against the trade. 464.49 is the first level of resistance above 461.76, and by rule, any break above resistance is a buy signal. In this case, 464.49, 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 IT slightly near 464.49, target 460.56, Stop Loss @ 465.57. Details

The technical summary data is suggesting a short of IT if it tests 464.49 with a downside target of 460.56. We should have a stop loss in place at 465.57 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, 464.49, 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 Gartner Inc. (IT) available here: IT.

IT Ratings for February 06:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	401.3
P2	464.49	460.56	436.43
P3	471.12	469.11	469.86

AI Generated Signals for IT

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The technical pivots for Gartner Inc. (NYSE: IT) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IT too.  All of these are offered below the Summary Table.