When the Price of (SAIA) Talks, People Listen

February 23, 2024, 07:36 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAIA

• Buy SAIA slightly over 539.73 target n/a stop loss @ 538.17. Details

The technical summary data tells us to buy SAIA near 539.73, 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 538.17 to protect against excessive loss in case the stock begins to move against the trade. 539.73 is the first level of support below 559.14, and by rule, any test of support is a buy signal. In this case, if support 539.73 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 SAIA

• Buy SAIA slightly over 563.41, target n/a, Stop Loss @ 561.78 Details

If 563.41 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 563.41, with an upside target of n/a. The data also tells us to set a stop loss @ 561.78 in case the stock turns against the trade. 563.41 is the first level of resistance above 559.14, and by rule, any break above resistance is a buy signal. In this case, 563.41, 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 SAIA slightly near 563.41, target 539.73, Stop Loss @ 565.04. Details

The technical summary data is suggesting a short of SAIA if it tests 563.41 with a downside target of 539.73. We should have a stop loss in place at 565.04 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, 563.41, 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 SAIA

• Buy SAIA slightly over 559.47, target 563.41, Stop Loss @ 558.16 Details

If 559.47 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 559.47, with an upside target of 563.41. The data also tells us to set a stop loss @ 558.16 in case the stock turns against the trade. 559.47 is the first level of resistance above 559.14, and by rule, any break above resistance is a buy signal. In this case, 559.47, 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 SAIA slightly near 559.47, target 539.73, Stop Loss @ 560.78. Details

The technical summary data is suggesting a short of SAIA if it tests 559.47 with a downside target of 539.73. We should have a stop loss in place at 560.78 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, 559.47, 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 Saia Inc. (SAIA) available here: SAIA.

SAIA Ratings for February 23:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	435.06
P2	532.2	535.35	486.95
P3	559.47	563.41	539.73

AI Generated Signals for SAIA

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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 Saia Inc. (NASDAQ: SAIA) 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 SAIA 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.