When (MORN) Moves Investors should Listen
May 12, 2024, 17:24 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MORN
- Buy MORN slightly over 296.28 target 313.65 stop loss @ 295.42 Details
The technical summary data tells us to buy MORN near 296.28 with an upside target of 313.65. This data also tells us to set a stop loss @ 295.42 to protect against excessive loss in case the stock begins to move against the trade. 296.28 is the first level of support below 298.38 , and by rule, any test of support is a buy signal. In this case, support 296.28 would be being tested, so a buy signal would exist.
- Short MORN slightly under 313.65, target 296.28, stop loss @ 314.56 Details
The technical summary data is suggesting a short of MORN as it gets near 313.65 with a downside target of 296.28. We should have a stop loss in place at 314.56though. 313.65 is the first level of resistance above 298.38, and by rule, any test of resistance is a short signal. In this case, if resistance 313.65 is being tested, so a short signal would exist.
Swing Trading Plans for MORN
- Buy MORN slightly over 304.68, target 313.65, Stop Loss @ 303.8 Details
If 304.68 begins to break higher, the technical summary data tells us to buy MORN just slightly over 304.68, with an upside target of 313.65. The data also tells us to set a stop loss @ 303.8 in case the stock turns against the trade. 304.68 is the first level of resistance above 298.38, and by rule, any break above resistance is a buy signal. In this case, 304.68, 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 MORN slightly near 304.68, target 297.35, Stop Loss @ 305.56. Details
The technical summary data is suggesting a short of MORN if it tests 304.68 with a downside target of 297.35. We should have a stop loss in place at 305.56 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, 304.68, 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 MORN
- Buy MORN slightly over 299.68, target 304.68, Stop Loss @ 298.98 Details
If 299.68 begins to break higher, the technical summary data tells us to buy MORN just slightly over 299.68, with an upside target of 304.68. The data also tells us to set a stop loss @ 298.98 in case the stock turns against the trade. 299.68 is the first level of resistance above 298.38, and by rule, any break above resistance is a buy signal. In this case, 299.68, 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 MORN slightly near 299.68, target 297.35, Stop Loss @ 300.38. Details
The technical summary data is suggesting a short of MORN if it tests 299.68 with a downside target of 297.35. We should have a stop loss in place at 300.38 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, 299.68, 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 Morningstar Inc. (MORN) available here: MORN.
MORN Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
296.28 |
| P2 |
296.22 |
297.35 |
313.65 |
| P3 |
299.68 |
304.68 |
330.51 |
AI Generated Signals for MORN
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Morningstar Inc. (NASDAQ: MORN) report below is a real world example. Included are trading plans for MORN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MORN:
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