How the (SPHR) price action is used to our Advantage
January 22, 2024, 07:46 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPHR
- Buy SPHR slightly over 28.99 target 39.87 stop loss @ 28.91 Details
The technical summary data tells us to buy SPHR near 28.99 with an upside target of 39.87. This data also tells us to set a stop loss @ 28.91 to protect against excessive loss in case the stock begins to move against the trade. 28.99 is the first level of support below 31.68 , and by rule, any test of support is a buy signal. In this case, support 28.99 is being tested, a buy signal would exist.
- Short SPHR slightly under 39.87, target 28.99, stop loss @ 39.99 Details
The technical summary data is suggesting a short of SPHR as it gets near 39.87 with a downside target of 28.99. We should have a stop loss in place at 39.99though. 39.87 is the first level of resistance above 31.68, and by rule, any test of resistance is a short signal. In this case, if resistance 39.87 is being tested, a short signal would exist.
Swing Trading Plans for SPHR
- Buy SPHR slightly over 39.87, target n/a, Stop Loss @ 39.75 Details
If 39.87 begins to break higher, the technical summary data tells us to buy SPHR just slightly over 39.87, with an upside target of n/a. The data also tells us to set a stop loss @ 39.75 in case the stock turns against the trade. 39.87 is the first level of resistance above 31.68, and by rule, any break above resistance is a buy signal. In this case, 39.87, 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 SPHR slightly near 39.87, target 31.13, Stop Loss @ 39.99. Details
The technical summary data is suggesting a short of SPHR if it tests 39.87 with a downside target of 31.13. We should have a stop loss in place at 39.99 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, 39.87, 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 SPHR
- Buy SPHR slightly over 39.87, target n/a, Stop Loss @ 39.78 Details
If 39.87 begins to break higher, the technical summary data tells us to buy SPHR just slightly over 39.87, with an upside target of n/a. The data also tells us to set a stop loss @ 39.78 in case the stock turns against the trade. 39.87 is the first level of resistance above 31.68, and by rule, any break above resistance is a buy signal. In this case, 39.87, 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 SPHR slightly near 39.87, target 31.19, Stop Loss @ 39.96. Details
The technical summary data is suggesting a short of SPHR if it tests 39.87 with a downside target of 31.19. We should have a stop loss in place at 39.96 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, 39.87, 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 Sphere Entertainment Co. Class A (SPHR) available here: SPHR.
SPHR Ratings for January 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
18.28 |
| P2 |
30.05 |
29.11 |
28.99 |
| P3 |
31.19 |
31.13 |
39.87 |
AI Generated Signals for SPHR
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Sphere Entertainment Co. Class A (NASDAQ: SPHR) data table below can help you with price action, and we have more details too. Trading plans for SPHR 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 SPHR:
pool ads
