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When the Price of (TRNS) Talks, People Listen

Longer Term Trading Plans for TRNS
  • Buy TRNS slightly over 104.12 target 113.7 stop loss @ 103.82 Details
  • The technical summary data tells us to buy TRNS near 104.12 with an upside target of 113.7. This data also tells us to set a stop loss @ 103.82 to protect against excessive loss in case the stock begins to move against the trade. 104.12 is the first level of support below 112.42 , and by rule, any test of support is a buy signal. In this case, support 104.12 is being tested, a buy signal would exist.

  • Short TRNS slightly under 113.7, target 104.12, stop loss @ 114.03 Details
  • The technical summary data is suggesting a short of TRNS as it gets near 113.7 with a downside target of 104.12. We should have a stop loss in place at 114.03though. 113.7 is the first level of resistance above 112.42, and by rule, any test of resistance is a short signal. In this case, if resistance 113.7 is being tested, a short signal would exist.

Swing Trading Plans for TRNS
  • Buy TRNS slightly over 113.7, target 117.01, Stop Loss @ 113.37 Details
  • If 113.7 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 113.7, with an upside target of 117.01. The data also tells us to set a stop loss @ 113.37 in case the stock turns against the trade. 113.7 is the first level of resistance above 112.42, and by rule, any break above resistance is a buy signal. In this case, 113.7, 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 TRNS slightly near 113.7, target 110.84, Stop Loss @ 114.03. Details
  • The technical summary data is suggesting a short of TRNS if it tests 113.7 with a downside target of 110.84. We should have a stop loss in place at 114.03 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, 113.7, 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 TRNS
  • Buy TRNS slightly over 113.7, target 117.01, Stop Loss @ 113.43 Details
  • If 113.7 begins to break higher, the technical summary data tells us to buy TRNS just slightly over 113.7, with an upside target of 117.01. The data also tells us to set a stop loss @ 113.43 in case the stock turns against the trade. 113.7 is the first level of resistance above 112.42, and by rule, any break above resistance is a buy signal. In this case, 113.7, 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 TRNS slightly near 113.7, target 112.33, Stop Loss @ 113.97. Details
  • The technical summary data is suggesting a short of TRNS if it tests 113.7 with a downside target of 112.33. We should have a stop loss in place at 113.97 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, 113.7, 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.

Real Time Updates are available on our Transcat Inc. (TRNS) Page here: TRNS.

TRNS Ratings for February 13:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 95.25
P2 112.33 110.84 104.12
P3 113.56 117.01 113.7
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Support and Resistance Plot Chart for TRNS

TRNS Long Term Analysis for February 13 2024

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Transcat Inc. (NASDAQ: TRNS) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for TRNS can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports