How the (MORF) price action is used to our Advantage
May 12, 2024, 17:22 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MORF
- Buy MORF slightly over 22.84 target 34.66 stop loss @ 22.77 Details
The technical summary data tells us to buy MORF near 22.84 with an upside target of 34.66. This data also tells us to set a stop loss @ 22.77 to protect against excessive loss in case the stock begins to move against the trade. 22.84 is the first level of support below 28.62 , and by rule, any test of support is a buy signal. In this case, support 22.84 is being tested, a buy signal would exist.
- Short MORF slightly under 34.66, target 22.84, stop loss @ 34.76 Details
The technical summary data is suggesting a short of MORF as it gets near 34.66 with a downside target of 22.84. We should have a stop loss in place at 34.76though. 34.66 is the first level of resistance above 28.62, and by rule, any test of resistance is a short signal. In this case, if resistance 34.66 is being tested, a short signal would exist.
Swing Trading Plans for MORF
- Buy MORF slightly over 29.03, target 30.79, Stop Loss @ 28.95 Details
If 29.03 begins to break higher, the technical summary data tells us to buy MORF just slightly over 29.03, with an upside target of 30.79. The data also tells us to set a stop loss @ 28.95 in case the stock turns against the trade. 29.03 is the first level of resistance above 28.62, and by rule, any break above resistance is a buy signal. In this case, 29.03, 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 MORF slightly near 29.03, target 22.84, Stop Loss @ 29.11. Details
The technical summary data is suggesting a short of MORF if it tests 29.03 with a downside target of 22.84. We should have a stop loss in place at 29.11 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, 29.03, 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 MORF
- Buy MORF slightly over 29.03, target 30.79, Stop Loss @ 28.96 Details
If 29.03 begins to break higher, the technical summary data tells us to buy MORF just slightly over 29.03, with an upside target of 30.79. The data also tells us to set a stop loss @ 28.96 in case the stock turns against the trade. 29.03 is the first level of resistance above 28.62, and by rule, any break above resistance is a buy signal. In this case, 29.03, 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 MORF slightly near 29.03, target 28.22, Stop Loss @ 29.1. Details
The technical summary data is suggesting a short of MORF if it tests 29.03 with a downside target of 28.22. We should have a stop loss in place at 29.1 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, 29.03, 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 Morphic Holding Inc. (MORF) available here: MORF.
MORF Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
11.1 |
| P2 |
28.22 |
29.03 |
22.84 |
| P3 |
29 |
30.79 |
34.66 |
AI Generated Signals for MORF
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 Morphic Holding Inc. (NASDAQ: MORF) data table below can help you with price action, and we have more details too. Trading plans for MORF 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 MORF:
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