Trend Tracker for (IX)

December 15, 2024, 08:56 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IX

• Buy IX near 108.66 target 117.58 stop loss @ 108.35 Details

The technical summary data tells us to buy IX near 108.66 with an upside target of 117.58. This data also tells us to set a stop loss @ 108.35 to protect against excessive loss in case the stock begins to move against the trade. 108.66 is the first level of support below 109.35 , and by rule, any test of support is a buy signal. In this case, support 108.66 would be being tested, so a buy signal would exist.

• Short IX slightly under 117.58, target 108.66, stop loss @ 117.92 Details

The technical summary data is suggesting a short of IX as it gets near 117.58 with a downside target of 108.66. We should have a stop loss in place at 117.92though. 117.58 is the first level of resistance above 109.35, and by rule, any test of resistance is a short signal. In this case, if resistance 117.58 is being tested, so a short signal would exist.

Swing Trading Plans for IX

• Buy IX slightly over 109.54, target 114.38, Stop Loss @ 109.22 Details

If 109.54 begins to break higher, the technical summary data tells us to buy IX just slightly over 109.54, with an upside target of 114.38. The data also tells us to set a stop loss @ 109.22 in case the stock turns against the trade. 109.54 is the first level of resistance above 109.35, and by rule, any break above resistance is a buy signal. In this case, 109.54, 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 IX slightly near 109.54, target 108.66, Stop Loss @ 109.86. Details

The technical summary data is suggesting a short of IX if it tests 109.54 with a downside target of 108.66. We should have a stop loss in place at 109.86 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, 109.54, 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 IX

• Buy IX slightly over 109.54, target 110.79, Stop Loss @ 109.28 Details

If 109.54 begins to break higher, the technical summary data tells us to buy IX just slightly over 109.54, with an upside target of 110.79. The data also tells us to set a stop loss @ 109.28 in case the stock turns against the trade. 109.54 is the first level of resistance above 109.35, and by rule, any break above resistance is a buy signal. In this case, 109.54, 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 IX slightly near 109.54, target 109, Stop Loss @ 109.8. Details

The technical summary data is suggesting a short of IX if it tests 109.54 with a downside target of 109. We should have a stop loss in place at 109.8 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, 109.54, 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 Orix Corp Ads (IX) available here: IX.

IX Ratings for December 15:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	108.66
P2	109	109.54	117.58
P3	110.79	114.38	126.2

AI Generated Signals for IX

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The data for Orix Corp Ads (NYSE: IX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IX too.  All of these are offered below the Summary Table.