Learn to Evaluate (SAIA) using the Charts

February 12, 2024, 12:24 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SAIA

• Buy SAIA slightly over 519.75 target n/a stop loss @ 518.25. Details

The technical summary data tells us to buy SAIA near 519.75, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 518.25 to protect against excessive loss in case the stock begins to move against the trade. 519.75 is the first level of support below 557.725, and by rule, any test of support is a buy signal. In this case, if support 519.75 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for SAIA

• Buy SAIA slightly over 585.56, target n/a, Stop Loss @ 583.87 Details

If 585.56 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 585.56, with an upside target of n/a. The data also tells us to set a stop loss @ 583.87 in case the stock turns against the trade. 585.56 is the first level of resistance above 557.725, and by rule, any break above resistance is a buy signal. In this case, 585.56, 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 SAIA slightly near 585.56, target 544.46, Stop Loss @ 587.25. Details

The technical summary data is suggesting a short of SAIA if it tests 585.56 with a downside target of 544.46. We should have a stop loss in place at 587.25 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, 585.56, 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 SAIA

• Buy SAIA slightly over 566.56, target 585.56, Stop Loss @ 565.24 Details

If 566.56 begins to break higher, the technical summary data tells us to buy SAIA just slightly over 566.56, with an upside target of 585.56. The data also tells us to set a stop loss @ 565.24 in case the stock turns against the trade. 566.56 is the first level of resistance above 557.725, and by rule, any break above resistance is a buy signal. In this case, 566.56, 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 SAIA slightly near 566.56, target 554.8, Stop Loss @ 567.88. Details

The technical summary data is suggesting a short of SAIA if it tests 566.56 with a downside target of 554.8. We should have a stop loss in place at 567.88 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, 566.56, 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  Saia Inc. (SAIA) available here: SAIA.

SAIA Ratings for February 12:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	420.03
P2	554.8	544.46	468.98
P3	566.56	585.56	519.75

AI Generated Signals for SAIA

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Saia Inc. (NASDAQ: SAIA) report below can help you understand how to do this. The trading plans for SAIA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.