(SAIA) Pivots Trading Plans and Risk Controls

January 11, 2024, 07:02 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAIA

• Buy SAIA slightly over 399.2 target 444.03 stop loss @ 398.05 Details

The technical summary data tells us to buy SAIA near 399.2 with an upside target of 444.03. This data also tells us to set a stop loss @ 398.05 to protect against excessive loss in case the stock begins to move against the trade. 399.2 is the first level of support below 435.98 , and by rule, any test of support is a buy signal. In this case, support 399.2 would be being tested, so a buy signal would exist.

• Short SAIA slightly under 444.03, target 399.2, stop loss @ 445.31 Details

The technical summary data is suggesting a short of SAIA as it gets near 444.03 with a downside target of 399.2. We should have a stop loss in place at 445.31though. 444.03 is the first level of resistance above 435.98, and by rule, any test of resistance is a short signal. In this case, if resistance 444.03 is being tested, so a short signal would exist.

Swing Trading Plans for SAIA

• Buy SAIA slightly over 444.03, target 489.65, Stop Loss @ 442.75 Details

If 444.03 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 444.03, with an upside target of 489.65. The data also tells us to set a stop loss @ 442.75 in case the stock turns against the trade. 444.03 is the first level of resistance above 435.98, and by rule, any break above resistance is a buy signal. In this case, 444.03, 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 SAIA slightly near 444.03, target 428.33, Stop Loss @ 445.31. Details

The technical summary data is suggesting a short of SAIA if it tests 444.03 with a downside target of 428.33. We should have a stop loss in place at 445.31 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, 444.03, 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 SAIA

• Buy SAIA slightly over 438.12, target 444.03, Stop Loss @ 437.1 Details

If 438.12 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 438.12, with an upside target of 444.03. The data also tells us to set a stop loss @ 437.1 in case the stock turns against the trade. 438.12 is the first level of resistance above 435.98, and by rule, any break above resistance is a buy signal. In this case, 438.12, 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 SAIA slightly near 438.12, target 430, Stop Loss @ 439.14. Details

The technical summary data is suggesting a short of SAIA if it tests 438.12 with a downside target of 430. We should have a stop loss in place at 439.14 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, 438.12, 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 Saia Inc. (SAIA) available here: SAIA.

SAIA Ratings for January 11:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	399.2
P2	430	407.26	444.03
P3	438.12	428.33	489.65

AI Generated Signals for SAIA

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This Saia Inc. (NASDAQ: SAIA) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SAIA 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 SAIA 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 SAIA too.  All of these are offered below the Summary Table.