When the Price of (NAIL) Talks, People Listen
May 03, 2024, 01:38 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NAIL
- Buy NAIL slightly over 96.65 target 121.5 stop loss @ 96.37 Details
The technical summary data tells us to buy NAIL near 96.65 with an upside target of 121.5. This data also tells us to set a stop loss @ 96.37 to protect against excessive loss in case the stock begins to move against the trade. 96.65 is the first level of support below 110.74 , and by rule, any test of support is a buy signal. In this case, support 96.65 would be being tested, so a buy signal would exist.
- Short NAIL slightly under 121.5, target 96.65, stop loss @ 121.85 Details
The technical summary data is suggesting a short of NAIL as it gets near 121.5 with a downside target of 96.65. We should have a stop loss in place at 121.85though. 121.5 is the first level of resistance above 110.74, and by rule, any test of resistance is a short signal. In this case, if resistance 121.5 is being tested, so a short signal would exist.
Swing Trading Plans for NAIL
- Buy NAIL slightly over 114.51, target 121.5, Stop Loss @ 114.18 Details
If 114.51 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 114.51, with an upside target of 121.5. The data also tells us to set a stop loss @ 114.18 in case the stock turns against the trade. 114.51 is the first level of resistance above 110.74, and by rule, any break above resistance is a buy signal. In this case, 114.51, 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 114.51, target 106.02, Stop Loss @ 114.84. Details
The technical summary data is suggesting a short of NAIL if it tests 114.51 with a downside target of 106.02. We should have a stop loss in place at 114.84 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, 114.51, 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 114.51, target 121.5, Stop Loss @ 114.24 Details
If 114.51 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 114.51, with an upside target of 121.5. The data also tells us to set a stop loss @ 114.24 in case the stock turns against the trade. 114.51 is the first level of resistance above 110.74, and by rule, any break above resistance is a buy signal. In this case, 114.51, 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 114.51, target 108.81, Stop Loss @ 114.78. Details
The technical summary data is suggesting a short of NAIL if it tests 114.51 with a downside target of 108.81. We should have a stop loss in place at 114.78 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, 114.51, 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 May 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
96.65 |
| P2 |
103.74 |
106.02 |
121.5 |
| P3 |
108.81 |
114.51 |
147.8 |
AI Generated Signals for NAIL
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 Direxion Daily Homebuilders & Supplies Bull 3x Shares (NASDAQ: NAIL) 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 NAIL 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.
Fundamental Charts for NAIL:
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