When the Price of (IT) Talks, People Listen
January 26, 2024, 21:44 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IT
- Buy IT slightly over 457.95 target n/a stop loss @ 456.63. Details
The technical summary data tells us to buy IT near 457.95, 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 456.63 to protect against excessive loss in case the stock begins to move against the trade. 457.95 is the first level of support below 460.83, and by rule, any test of support is a buy signal. In this case, if support 457.95 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 IT
- Buy IT slightly over 466.38, target 476.93, Stop Loss @ 465.03 Details
If 466.38 begins to break higher, the technical summary data tells us to buy IT just slightly over 466.38, with an upside target of 476.93. The data also tells us to set a stop loss @ 465.03 in case the stock turns against the trade. 466.38 is the first level of resistance above 460.83, and by rule, any break above resistance is a buy signal. In this case, 466.38, 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 466.38, target 457.95, Stop Loss @ 467.73. Details
The technical summary data is suggesting a short of IT if it tests 466.38 with a downside target of 457.95. We should have a stop loss in place at 467.73 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, 466.38, 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 460.88, target 466.38, Stop Loss @ 459.8 Details
If 460.88 begins to break higher, the technical summary data tells us to buy IT just slightly over 460.88, with an upside target of 466.38. The data also tells us to set a stop loss @ 459.8 in case the stock turns against the trade. 460.88 is the first level of resistance above 460.83, and by rule, any break above resistance is a buy signal. In this case, 460.88, 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 460.88, target 457.95, Stop Loss @ 461.96. Details
The technical summary data is suggesting a short of IT if it tests 460.88 with a downside target of 457.95. We should have a stop loss in place at 461.96 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, 460.88, 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 January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
387.37 |
| P2 |
460.88 |
466.38 |
422.9 |
| P3 |
466.77 |
476.93 |
457.95 |
AI Generated Signals for IT
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Gartner Inc. (NYSE: IT) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for IT can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IT:
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