(IOT) Long Term Investment Analysis

October 22, 2024, 14:58 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IOT

• Buy IOT near 43.93 target 49.66 stop loss @ 43.8 Details

The technical summary data tells us to buy IOT near 43.93 with an upside target of 49.66. This data also tells us to set a stop loss @ 43.8 to protect against excessive loss in case the stock begins to move against the trade. 43.93 is the first level of support below 46.61 , and by rule, any test of support is a buy signal. In this case, support 43.93 is being tested, a buy signal would exist.

• Short IOT slightly under 49.66, target 43.93, stop loss @ 49.8 Details

The technical summary data is suggesting a short of IOT as it gets near 49.66 with a downside target of 43.93. We should have a stop loss in place at 49.8though. 49.66 is the first level of resistance above 46.61, and by rule, any test of resistance is a short signal. In this case, if resistance 49.66 is being tested, a short signal would exist.

Swing Trading Plans for IOT

• Buy IOT slightly over 49.29, target 49.66, Stop Loss @ 49.15 Details

If 49.29 begins to break higher, the technical summary data tells us to buy IOT just slightly over 49.29, with an upside target of 49.66. The data also tells us to set a stop loss @ 49.15 in case the stock turns against the trade. 49.29 is the first level of resistance above 46.61, and by rule, any break above resistance is a buy signal. In this case, 49.29, 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 IOT slightly near 49.29, target 43.93, Stop Loss @ 49.43. Details

The technical summary data is suggesting a short of IOT if it tests 49.29 with a downside target of 43.93. We should have a stop loss in place at 49.43 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, 49.29, 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 IOT

• Buy IOT slightly over 48.62, target 49.29, Stop Loss @ 48.51 Details

If 48.62 begins to break higher, the technical summary data tells us to buy IOT just slightly over 48.62, with an upside target of 49.29. The data also tells us to set a stop loss @ 48.51 in case the stock turns against the trade. 48.62 is the first level of resistance above 46.61, and by rule, any break above resistance is a buy signal. In this case, 48.62, 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 IOT slightly near 48.62, target 43.93, Stop Loss @ 48.73. Details

The technical summary data is suggesting a short of IOT if it tests 48.62 with a downside target of 43.93. We should have a stop loss in place at 48.73 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, 48.62, 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 Samsara Inc. Class A (IOT) available here: IOT.

IOT Ratings for October 22:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	38.05
P2	48.62	49.29	43.93
P3	49.9	51.62	49.66

AI Generated Signals for IOT

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Technically, Samsara Inc. Class A (NYSE: IOT) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IOT 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 IOT too.  All of these are offered below the Summary Table.