(CTRN) Technical Pivots with Risk Controls

October 20, 2024, 21:50 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CTRN

• Buy CTRN near 17.69 target 21.61 stop loss @ 17.64 Details

The technical summary data tells us to buy CTRN near 17.69 with an upside target of 21.61. This data also tells us to set a stop loss @ 17.64 to protect against excessive loss in case the stock begins to move against the trade. 17.69 is the first level of support below 20.37 , and by rule, any test of support is a buy signal. In this case, support 17.69 is being tested, a buy signal would exist.

• Short CTRN slightly under 21.61, target 17.69, stop loss @ 21.67 Details

The technical summary data is suggesting a short of CTRN as it gets near 21.61 with a downside target of 17.69. We should have a stop loss in place at 21.67though. 21.61 is the first level of resistance above 20.37, and by rule, any test of resistance is a short signal. In this case, if resistance 21.61 is being tested, a short signal would exist.

Swing Trading Plans for CTRN

• Buy CTRN slightly over 20.47, target 21.61, Stop Loss @ 20.41 Details

If 20.47 begins to break higher, the technical summary data tells us to buy CTRN just slightly over 20.47, with an upside target of 21.61. The data also tells us to set a stop loss @ 20.41 in case the stock turns against the trade. 20.47 is the first level of resistance above 20.37, and by rule, any break above resistance is a buy signal. In this case, 20.47, 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 CTRN slightly near 20.47, target 19.71, Stop Loss @ 20.53. Details

The technical summary data is suggesting a short of CTRN if it tests 20.47 with a downside target of 19.71. We should have a stop loss in place at 20.53 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, 20.47, 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 CTRN

• Buy CTRN slightly over 20.6, target 21.61, Stop Loss @ 20.55 Details

If 20.6 begins to break higher, the technical summary data tells us to buy CTRN just slightly over 20.6, with an upside target of 21.61. The data also tells us to set a stop loss @ 20.55 in case the stock turns against the trade. 20.6 is the first level of resistance above 20.37, and by rule, any break above resistance is a buy signal. In this case, 20.6, 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 CTRN slightly near 20.6, target 20.11, Stop Loss @ 20.65. Details

The technical summary data is suggesting a short of CTRN if it tests 20.6 with a downside target of 20.11. We should have a stop loss in place at 20.65 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, 20.6, 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 Citi Trends Inc. (CTRN) available here: CTRN.

CTRN Ratings for October 20:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	13.89
P2	20.11	19.71	17.69
P3	20.6	20.47	21.61

AI Generated Signals for CTRN

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The technical pivots for Citi Trends Inc. (NASDAQ: CTRN) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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