(PODD) Trading Advice

December 22, 2023, 18:20 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PODD

• Buy PODD slightly over 212.28 target n/a stop loss @ 211.67. Details

The technical summary data tells us to buy PODD near 212.28, 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 211.67 to protect against excessive loss in case the stock begins to move against the trade. 212.28 is the first level of support below 216.18, and by rule, any test of support is a buy signal. In this case, if support 212.28 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 PODD

• Buy PODD slightly over 221, target n/a, Stop Loss @ 220.36 Details

If 221 begins to break higher, the technical summary data tells us to buy PODD just slightly over 221, with an upside target of n/a. The data also tells us to set a stop loss @ 220.36 in case the stock turns against the trade. 221 is the first level of resistance above 216.18, and by rule, any break above resistance is a buy signal. In this case, 221, 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 PODD slightly near 221, target 213.32, Stop Loss @ 221.64. Details

The technical summary data is suggesting a short of PODD if it tests 221 with a downside target of 213.32. We should have a stop loss in place at 221.64 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, 221, 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 PODD

• Buy PODD slightly over 218.84, target 221, Stop Loss @ 218.33 Details

If 218.84 begins to break higher, the technical summary data tells us to buy PODD just slightly over 218.84, with an upside target of 221. The data also tells us to set a stop loss @ 218.33 in case the stock turns against the trade. 218.84 is the first level of resistance above 216.18, and by rule, any break above resistance is a buy signal. In this case, 218.84, 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 PODD slightly near 218.84, target 214.81, Stop Loss @ 219.35. Details

The technical summary data is suggesting a short of PODD if it tests 218.84 with a downside target of 214.81. We should have a stop loss in place at 219.35 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, 218.84, 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 Insulet Corporation (PODD) available here: PODD.

PODD Ratings for December 22:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	122.1
P2	214.81	213.32	168.09
P3	218.84	221	212.28

AI Generated Signals for PODD

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Insulet Corporation (NASDAQ: PODD) while incorporating prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PODD 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 PODD too.  All of these are offered below the Summary Table.