When (CB) Moves Investors should Listen
April 18, 2024, 12:42 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CB
- Buy CB slightly over 240.98 target 251.77 stop loss @ 240.28 Details
The technical summary data tells us to buy CB near 240.98 with an upside target of 251.77. This data also tells us to set a stop loss @ 240.28 to protect against excessive loss in case the stock begins to move against the trade. 240.98 is the first level of support below 244.91 , and by rule, any test of support is a buy signal. In this case, support 240.98 would be being tested, so a buy signal would exist.
- Short CB slightly under 251.77, target 240.98, stop loss @ 252.5 Details
The technical summary data is suggesting a short of CB as it gets near 251.77 with a downside target of 240.98. We should have a stop loss in place at 252.5though. 251.77 is the first level of resistance above 244.91, and by rule, any test of resistance is a short signal. In this case, if resistance 251.77 is being tested, so a short signal would exist.
Swing Trading Plans for CB
- Buy CB slightly over 251.77, target 262.47, Stop Loss @ 251.04 Details
If 251.77 begins to break higher, the technical summary data tells us to buy CB just slightly over 251.77, with an upside target of 262.47. The data also tells us to set a stop loss @ 251.04 in case the stock turns against the trade. 251.77 is the first level of resistance above 244.91, and by rule, any break above resistance is a buy signal. In this case, 251.77, 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 CB slightly near 251.77, target 243.94, Stop Loss @ 252.5. Details
The technical summary data is suggesting a short of CB if it tests 251.77 with a downside target of 243.94. We should have a stop loss in place at 252.5 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, 251.77, 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 CB
- Buy CB slightly over 245.06, target 251.77, Stop Loss @ 244.49 Details
If 245.06 begins to break higher, the technical summary data tells us to buy CB just slightly over 245.06, with an upside target of 251.77. The data also tells us to set a stop loss @ 244.49 in case the stock turns against the trade. 245.06 is the first level of resistance above 244.91, and by rule, any break above resistance is a buy signal. In this case, 245.06, 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 CB slightly near 245.06, target 243.94, Stop Loss @ 245.63. Details
The technical summary data is suggesting a short of CB if it tests 245.06 with a downside target of 243.94. We should have a stop loss in place at 245.63 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, 245.06, 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 Chubb Limited (CB) available here: CB.
CB Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
240.98 |
| P2 |
242.14 |
239.92 |
251.77 |
| P3 |
245.06 |
243.94 |
262.47 |
AI Generated Signals for CB
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 Chubb Limited (NYSE: CB) report below is a real world example. Included are trading plans for CB, 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 CB:
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