When the Price of (VLY) Talks, People Listen
December 29, 2023, 05:05 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VLY
- Buy VLY slightly over 10.09 target n/a stop loss @ 10.06. Details
The technical summary data tells us to buy VLY near 10.09, 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 10.06 to protect against excessive loss in case the stock begins to move against the trade. 10.09 is the first level of support below 11.05, and by rule, any test of support is a buy signal. In this case, if support 10.09 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 VLY
- Buy VLY slightly over 11.68, target n/a, Stop Loss @ 11.65 Details
If 11.68 begins to break higher, the technical summary data tells us to buy VLY just slightly over 11.68, with an upside target of n/a. The data also tells us to set a stop loss @ 11.65 in case the stock turns against the trade. 11.68 is the first level of resistance above 11.05, and by rule, any break above resistance is a buy signal. In this case, 11.68, 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 VLY slightly near 11.68, target 10.9, Stop Loss @ 11.71. Details
The technical summary data is suggesting a short of VLY if it tests 11.68 with a downside target of 10.9. We should have a stop loss in place at 11.71 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, 11.68, 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 VLY
- Buy VLY slightly over 11.16, target 11.68, Stop Loss @ 11.13 Details
If 11.16 begins to break higher, the technical summary data tells us to buy VLY just slightly over 11.16, with an upside target of 11.68. The data also tells us to set a stop loss @ 11.13 in case the stock turns against the trade. 11.16 is the first level of resistance above 11.05, and by rule, any break above resistance is a buy signal. In this case, 11.16, 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 VLY slightly near 11.16, target 10.9, Stop Loss @ 11.19. Details
The technical summary data is suggesting a short of VLY if it tests 11.16 with a downside target of 10.9. We should have a stop loss in place at 11.19 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, 11.16, 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 Valley National Bancorp (VLY) available here: VLY.
VLY Ratings for December 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
6.76 |
| P2 |
11.16 |
10.9 |
8.48 |
| P3 |
0 |
11.68 |
10.09 |
AI Generated Signals for VLY
Blue = Current Price
Red= Resistance
Green = Support
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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 Valley National Bancorp (NYSE: VLY) 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 VLY 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.
Fundamental Charts for VLY:
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