Trading (SNV) With Integrated Risk Controls
July 24, 2024, 16:36 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNV
- Buy SNV slightly over 45.71 target n/a stop loss @ 45.58. Details
The technical summary data tells us to buy SNV near 45.71, 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 45.58 to protect against excessive loss in case the stock begins to move against the trade. 45.71 is the first level of support below 45.82, and by rule, any test of support is a buy signal. In this case, if support 45.71 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 SNV
- Buy SNV slightly over 46.33, target 48.55, Stop Loss @ 46.2 Details
If 46.33 begins to break higher, the technical summary data tells us to buy SNV just slightly over 46.33, with an upside target of 48.55. The data also tells us to set a stop loss @ 46.2 in case the stock turns against the trade. 46.33 is the first level of resistance above 45.82, and by rule, any break above resistance is a buy signal. In this case, 46.33, 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 SNV slightly near 46.33, target 45.71, Stop Loss @ 46.46. Details
The technical summary data is suggesting a short of SNV if it tests 46.33 with a downside target of 45.71. We should have a stop loss in place at 46.46 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, 46.33, 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 SNV
- Buy SNV slightly over 46.52, target 48.55, Stop Loss @ 46.41 Details
If 46.52 begins to break higher, the technical summary data tells us to buy SNV just slightly over 46.52, with an upside target of 48.55. The data also tells us to set a stop loss @ 46.41 in case the stock turns against the trade. 46.52 is the first level of resistance above 45.82, and by rule, any break above resistance is a buy signal. In this case, 46.52, 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 SNV slightly near 46.52, target 45.71, Stop Loss @ 46.63. Details
The technical summary data is suggesting a short of SNV if it tests 46.52 with a downside target of 45.71. We should have a stop loss in place at 46.63 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, 46.52, 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 Synovus Financial Corp. (SNV) available here: SNV.
SNV Ratings for July 24:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
37.38 |
P2 |
45.3 |
46.33 |
41.5 |
P3 |
46.52 |
48.55 |
45.71 |
AI Generated Signals for SNV
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for SNV: