Trading (IDA) With Integrated Risk Controls
February 06, 2024, 14:18 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IDA
- Buy IDA slightly over 88.68 target 93.79 stop loss @ 88.42 Details
The technical summary data tells us to buy IDA near 88.68 with an upside target of 93.79. This data also tells us to set a stop loss @ 88.42 to protect against excessive loss in case the stock begins to move against the trade. 88.68 is the first level of support below 89.82 , and by rule, any test of support is a buy signal. In this case, support 88.68 would be being tested, so a buy signal would exist.
- Short IDA slightly under 93.79, target 88.68, stop loss @ 94.06 Details
The technical summary data is suggesting a short of IDA as it gets near 93.79 with a downside target of 88.68. We should have a stop loss in place at 94.06though. 93.79 is the first level of resistance above 89.82, and by rule, any test of resistance is a short signal. In this case, if resistance 93.79 is being tested, so a short signal would exist.
Swing Trading Plans for IDA
- Buy IDA slightly over 91.21, target 93.37, Stop Loss @ 90.95 Details
If 91.21 begins to break higher, the technical summary data tells us to buy IDA just slightly over 91.21, with an upside target of 93.37. The data also tells us to set a stop loss @ 90.95 in case the stock turns against the trade. 91.21 is the first level of resistance above 89.82, and by rule, any break above resistance is a buy signal. In this case, 91.21, 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 IDA slightly near 91.21, target 88.68, Stop Loss @ 91.47. Details
The technical summary data is suggesting a short of IDA if it tests 91.21 with a downside target of 88.68. We should have a stop loss in place at 91.47 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, 91.21, 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 IDA
- Buy IDA slightly over 89.92, target 91.26, Stop Loss @ 89.71 Details
If 89.92 begins to break higher, the technical summary data tells us to buy IDA just slightly over 89.92, with an upside target of 91.26. The data also tells us to set a stop loss @ 89.71 in case the stock turns against the trade. 89.92 is the first level of resistance above 89.82, and by rule, any break above resistance is a buy signal. In this case, 89.92, 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 IDA slightly near 89.92, target 88.68, Stop Loss @ 90.13. Details
The technical summary data is suggesting a short of IDA if it tests 89.92 with a downside target of 88.68. We should have a stop loss in place at 90.13 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, 89.92, 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 Idacorp Inc. (IDA) available here: IDA.
IDA Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
88.68 |
| P2 |
89.92 |
91.21 |
93.79 |
| P3 |
91.26 |
93.37 |
98.57 |
AI Generated Signals for IDA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for IDA:
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