How the (JACK) price action is used to our Advantage
April 02, 2024, 18:48 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JACK
- Buy JACK slightly over 58.54 target 68.67 stop loss @ 58.37 Details
The technical summary data tells us to buy JACK near 58.54 with an upside target of 68.67. This data also tells us to set a stop loss @ 58.37 to protect against excessive loss in case the stock begins to move against the trade. 58.54 is the first level of support below 65.17 , and by rule, any test of support is a buy signal. In this case, support 58.54 would be being tested, so a buy signal would exist.
- Short JACK slightly under 68.67, target 58.54, stop loss @ 68.87 Details
The technical summary data is suggesting a short of JACK as it gets near 68.67 with a downside target of 58.54. We should have a stop loss in place at 68.87though. 68.67 is the first level of resistance above 65.17, and by rule, any test of resistance is a short signal. In this case, if resistance 68.67 is being tested, so a short signal would exist.
Swing Trading Plans for JACK
- Buy JACK slightly over 67.61, target 68.67, Stop Loss @ 67.41 Details
If 67.61 begins to break higher, the technical summary data tells us to buy JACK just slightly over 67.61, with an upside target of 68.67. The data also tells us to set a stop loss @ 67.41 in case the stock turns against the trade. 67.61 is the first level of resistance above 65.17, and by rule, any break above resistance is a buy signal. In this case, 67.61, 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 JACK slightly near 67.61, target 64.59, Stop Loss @ 67.81. Details
The technical summary data is suggesting a short of JACK if it tests 67.61 with a downside target of 64.59. We should have a stop loss in place at 67.81 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, 67.61, 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 JACK
- Buy JACK slightly over 67.36, target 67.61, Stop Loss @ 67.2 Details
If 67.36 begins to break higher, the technical summary data tells us to buy JACK just slightly over 67.36, with an upside target of 67.61. The data also tells us to set a stop loss @ 67.2 in case the stock turns against the trade. 67.36 is the first level of resistance above 65.17, and by rule, any break above resistance is a buy signal. In this case, 67.36, 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 JACK slightly near 67.36, target 64.91, Stop Loss @ 67.52. Details
The technical summary data is suggesting a short of JACK if it tests 67.36 with a downside target of 64.91. We should have a stop loss in place at 67.52 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, 67.36, 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 Jack In The Box Inc. (JACK) available here: JACK.
JACK Ratings for April 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
58.54 |
| P2 |
64.91 |
64.59 |
68.67 |
| P3 |
67.36 |
67.61 |
79 |
AI Generated Signals for JACK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Jack In The Box Inc. (NASDAQ: JACK) data table below can help you with price action, and we have more details too. Trading plans for JACK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for JACK:
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