How the price action of Teledyne Technologies ($TDY) is used to our Advantage
September 21, 2023, 23:45 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TDY
- Buy TDY slightly over 387.78 target 418.46 stop loss @ 386.66 Details
The technical summary data tells us to buy TDY near 387.78 with an upside target of 418.46. This data also tells us to set a stop loss @ 386.66 to protect against excessive loss in case the stock begins to move against the trade. 387.78 is the first level of support below 414.54 , and by rule, any test of support is a buy signal. In this case, support 387.78 would be being tested, so a buy signal would exist.
- Short TDY slightly under 418.46, target 387.78, stop loss @ 419.67 Details
The technical summary data is suggesting a short of TDY as it gets near 418.46 with a downside target of 387.78. We should have a stop loss in place at 419.67though. 418.46 is the first level of resistance above 414.54, and by rule, any test of resistance is a short signal. In this case, if resistance 418.46 is being tested, so a short signal would exist.
Swing Trading Plans for TDY
- Buy TDY slightly over 418.46, target 423.67, Stop Loss @ 417.25 Details
If 418.46 begins to break higher, the technical summary data tells us to buy TDY just slightly over 418.46, with an upside target of 423.67. The data also tells us to set a stop loss @ 417.25 in case the stock turns against the trade. 418.46 is the first level of resistance above 414.54, and by rule, any break above resistance is a buy signal. In this case, 418.46, 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 TDY slightly near 418.46, target 413.31, Stop Loss @ 419.67. Details
The technical summary data is suggesting a short of TDY if it tests 418.46 with a downside target of 413.31. We should have a stop loss in place at 419.67 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, 418.46, 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 TDY
- Buy TDY slightly over 415.43, target 418.46, Stop Loss @ 414.46 Details
If 415.43 begins to break higher, the technical summary data tells us to buy TDY just slightly over 415.43, with an upside target of 418.46. The data also tells us to set a stop loss @ 414.46 in case the stock turns against the trade. 415.43 is the first level of resistance above 414.54, and by rule, any break above resistance is a buy signal. In this case, 415.43, 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 TDY slightly near 415.43, target 413.31, Stop Loss @ 416.4. Details
The technical summary data is suggesting a short of TDY if it tests 415.43 with a downside target of 413.31. We should have a stop loss in place at 416.4 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, 415.43, 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 Teledyne Technologies (TDY) available here: TDY.
TDY Ratings for September 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
387.78 |
| P2 |
415.43 |
413.31 |
418.46 |
| P3 |
422.99 |
423.67 |
448.72 |
AI Generated Signals for TDY
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Teledyne Technologies (NYSE: TDY) data table below can help you with price action, and we have more details too. Trading plans for TDY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TDY:
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