When (NAIL) Moves Investors should Listen
December 16, 2024, 00:30 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NAIL
- 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 NAIL slightly under 116.79, target n/a, stop loss @ 117.13 Details
The technical summary data is suggesting a short of NAIL as it gets near 116.79, 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 117.13. 116.79 is the first level of resistance above 111.65, and by rule, any test of resistance is a short signal. In this case, if resistance 116.79 is being tested, so a short signal would exist.
Swing Trading Plans for NAIL
- Buy NAIL slightly over 116.79, target 117.75, Stop Loss @ 116.45 Details
If 116.79 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 116.79, with an upside target of 117.75. The data also tells us to set a stop loss @ 116.45 in case the stock turns against the trade. 116.79 is the first level of resistance above 111.65, and by rule, any break above resistance is a buy signal. In this case, 116.79, 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 NAIL slightly near 116.79, target 110.86, Stop Loss @ 117.13. Details
The technical summary data is suggesting a short of NAIL if it tests 116.79 with a downside target of 110.86. We should have a stop loss in place at 117.13 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, 116.79, 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 NAIL
- Buy NAIL slightly over 111.99, target 116.79, Stop Loss @ 111.73 Details
If 111.99 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 111.99, with an upside target of 116.79. The data also tells us to set a stop loss @ 111.73 in case the stock turns against the trade. 111.99 is the first level of resistance above 111.65, and by rule, any break above resistance is a buy signal. In this case, 111.99, 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 NAIL slightly near 111.99, target 110.86, Stop Loss @ 112.25. Details
The technical summary data is suggesting a short of NAIL if it tests 111.99 with a downside target of 110.86. We should have a stop loss in place at 112.25 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, 111.99, 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 Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) available here: NAIL.
NAIL Ratings for December 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
116.79 |
| P2 |
108.19 |
110.86 |
145.24 |
| P3 |
111.99 |
117.75 |
175.05 |
AI Generated Signals for NAIL
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Direxion Daily Homebuilders & Supplies Bull 3x Shares (NASDAQ: NAIL) report below is a real world example. Included are trading plans for NAIL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NAIL:
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