Irobot IRBT Investment Report

Source: Stock Traders Daily

Longer Term Trading Plans for IRBT
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short IRBT under 81.28, target n/a, stop loss @ 81.51 Details
  • The technical summary data is suggesting a short of IRBT as it gets near 81.28, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 81.51. 81.28 is the first level of resistance above 80.05, and by rule, any test of resistance is a short signal. In this case, if resistance 81.28 is being tested, so a short signal would exist.

Swing Trading Plans for IRBT
  • Buy IRBT over 81.28, target 82.35, Stop Loss @ 81.05 Details
  • If 81.28 begins to break higher, the technical summary data tells us to buy IRBT just over 81.28, with an upside target of 82.35. The data also tells us to set a stop loss @ 81.05 in case the stock turns against the trade. 81.28 is the first level of resistance above 80.05, and by rule, any break above resistance is a buy signal. In this case, 81.28, 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 IRBT near 81.28, target 79.52, Stop Loss @ 81.51. Details
  • The technical summary data is suggesting a short of IRBT if it tests 81.28 with a downside target of 79.52. We should have a stop loss in place at 81.51 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, 81.28, 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 IRBT
  • Buy IRBT over 80.82, target 81.28, Stop Loss @ 80.63 Details
  • If 80.82 begins to break higher, the technical summary data tells us to buy IRBT just over 80.82, with an upside target of 81.28. The data also tells us to set a stop loss @ 80.63 in case the stock turns against the trade. 80.82 is the first level of resistance above 80.05, and by rule, any break above resistance is a buy signal. In this case, 80.82, 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 IRBT near 80.82, target 79.52, Stop Loss @ 81.01. Details
  • The technical summary data is suggesting a short of IRBT if it tests 80.82 with a downside target of 79.52. We should have a stop loss in place at 81.01 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, 80.82, 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.

IRBT Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 81.28
P2 78.69 79.52 98.46
P3 80.82 82.35 121.81

IRBT Long Term Analysis for September 20 2021


IRBT Swing Trading Analysis for September 20 2021


IRBT Day Trading Analysis for September 20 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Irobot (NASDAQ: IRBT) while incorporating 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 IRBT 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 IRBT 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 IRBT too.  All of these are offered below the Summary Table.

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