When Silicon Laboratories ($SLAB) Moves Investors should Listen
March 31, 2023, 07:15 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SLAB
- Buy SLAB slightly over 158.22 target n/a stop loss @ 157.76. Details
The technical summary data tells us to buy SLAB near 158.22, 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 157.76 to protect against excessive loss in case the stock begins to move against the trade. 158.22 is the first level of support below 172.95, and by rule, any test of support is a buy signal. In this case, if support 158.22 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 SLAB
- Buy SLAB slightly over 176.04, target n/a, Stop Loss @ 175.53 Details
If 176.04 begins to break higher, the technical summary data tells us to buy SLAB just slightly over 176.04, with an upside target of n/a. The data also tells us to set a stop loss @ 175.53 in case the stock turns against the trade. 176.04 is the first level of resistance above 172.95, and by rule, any break above resistance is a buy signal. In this case, 176.04, 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 SLAB slightly near 176.04, target 168.39, Stop Loss @ 176.55. Details
The technical summary data is suggesting a short of SLAB if it tests 176.04 with a downside target of 168.39. We should have a stop loss in place at 176.55 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, 176.04, 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 SLAB
- Buy SLAB slightly over 176.04, target n/a, Stop Loss @ 175.63 Details
If 176.04 begins to break higher, the technical summary data tells us to buy SLAB just slightly over 176.04, with an upside target of n/a. The data also tells us to set a stop loss @ 175.63 in case the stock turns against the trade. 176.04 is the first level of resistance above 172.95, and by rule, any break above resistance is a buy signal. In this case, 176.04, 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 SLAB slightly near 176.04, target 172.58, Stop Loss @ 176.45. Details
The technical summary data is suggesting a short of SLAB if it tests 176.04 with a downside target of 172.58. We should have a stop loss in place at 176.45 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, 176.04, 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 Silicon Laboratories (SLAB) available here: SLAB.
SLAB Ratings for March 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
120.28 |
| P2 |
166.14 |
168.39 |
138.43 |
| P3 |
172.58 |
176.04 |
158.22 |
AI Generated Signals for SLAB
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Silicon Laboratories (NASDAQ: SLAB) report below is a real world example. Included are trading plans for SLAB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SLAB:
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