When the Price of (CHRD) Talks, People Listen

June 10, 2024, 14:38 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CHRD

• Buy CHRD slightly over 163.35 target 174.56 stop loss @ 162.88 Details

The technical summary data tells us to buy CHRD near 163.35 with an upside target of 174.56. This data also tells us to set a stop loss @ 162.88 to protect against excessive loss in case the stock begins to move against the trade. 163.35 is the first level of support below 174.06 , and by rule, any test of support is a buy signal. In this case, support 163.35 would be being tested, so a buy signal would exist.

• Short CHRD slightly under 174.56, target 163.35, stop loss @ 175.06 Details

The technical summary data is suggesting a short of CHRD as it gets near 174.56 with a downside target of 163.35. We should have a stop loss in place at 175.06though. 174.56 is the first level of resistance above 174.06, and by rule, any test of resistance is a short signal. In this case, if resistance 174.56 is being tested, so a short signal would exist.

Swing Trading Plans for CHRD

• Buy CHRD slightly over 174.56, target 174.83, Stop Loss @ 174.06 Details

If 174.56 begins to break higher, the technical summary data tells us to buy CHRD just slightly over 174.56, with an upside target of 174.83. The data also tells us to set a stop loss @ 174.06 in case the stock turns against the trade. 174.56 is the first level of resistance above 174.06, and by rule, any break above resistance is a buy signal. In this case, 174.56, 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 CHRD slightly near 174.56, target 166.83, Stop Loss @ 175.06. Details

The technical summary data is suggesting a short of CHRD if it tests 174.56 with a downside target of 166.83. We should have a stop loss in place at 175.06 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, 174.56, 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 CHRD

• Buy CHRD slightly over 174.56, target 174.83, Stop Loss @ 174.15 Details

If 174.56 begins to break higher, the technical summary data tells us to buy CHRD just slightly over 174.56, with an upside target of 174.83. The data also tells us to set a stop loss @ 174.15 in case the stock turns against the trade. 174.56 is the first level of resistance above 174.06, and by rule, any break above resistance is a buy signal. In this case, 174.56, 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 CHRD slightly near 174.56, target 168.04, Stop Loss @ 174.97. Details

The technical summary data is suggesting a short of CHRD if it tests 174.56 with a downside target of 168.04. We should have a stop loss in place at 174.97 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, 174.56, 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 Chord Energy Corporation (CHRD) available here: CHRD.

CHRD Ratings for June 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	163.35
P2	164.39	166.83	174.56
P3	168.04	174.83	186.03

AI Generated Signals for CHRD

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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 Chord Energy Corporation (NASDAQ: CHRD) 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 CHRD 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.