When Hni (HNI) Moves Investors should Listen
November 27, 2021, 20:45 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
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 Hni (NYSE: HNI) report below is a real world example. Included are trading plans for HNI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Longer Term Trading Plans for HNI
- Buy HNI slightly over 36.72 target 40.91 stop loss @ 36.61 Details
The technical summary data tells us to buy HNI near 36.72 with an upside target of 40.91. This data also tells us to set a stop loss @ 36.61 to protect against excessive loss in case the stock begins to move against the trade. 36.72 is the first level of support below 40.76 , and by rule, any test of support is a buy signal. In this case, support 36.72 would be being tested, so a buy signal would exist.
- Short HNI under 40.91, target 36.72, stop loss @ 41.03 Details
The technical summary data is suggesting a short of HNI as it gets near 40.91 with a downside target of 36.72. We should have a stop loss in place at 41.03though. 40.91 is the first level of resistance above 40.76, and by rule, any test of resistance is a short signal. In this case, if resistance 40.91 is being tested, so a short signal would exist.
Swing Trading Plans for HNI
- Buy HNI slightly over 40.91, target 42.38, Stop Loss @ 40.79 Details
If 40.91 begins to break higher, the technical summary data tells us to buy HNI just slightly over 40.91, with an upside target of 42.38. The data also tells us to set a stop loss @ 40.79 in case the stock turns against the trade. 40.91 is the first level of resistance above 40.76, and by rule, any break above resistance is a buy signal. In this case, 40.91, 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 HNI near 40.91, target 36.72, Stop Loss @ 41.03. Details
The technical summary data is suggesting a short of HNI if it tests 40.91 with a downside target of 36.72. We should have a stop loss in place at 41.03 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, 40.91, 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 HNI
- Buy HNI slightly over 40.91, target 42.40, Stop Loss @ 40.81 Details
If 40.91 begins to break higher, the technical summary data tells us to buy HNI just slightly over 40.91, with an upside target of 42.40. The data also tells us to set a stop loss @ 40.81 in case the stock turns against the trade. 40.91 is the first level of resistance above 40.76, and by rule, any break above resistance is a buy signal. In this case, 40.91, 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 HNI near 40.91, target 36.72, Stop Loss @ 41.01. Details
The technical summary data is suggesting a short of HNI if it tests 40.91 with a downside target of 36.72. We should have a stop loss in place at 41.01 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, 40.91, 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.
HNI Ratings for November 27:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Neutral |
P1 |
0 |
0 |
36.72 |
P2 |
42.40 |
42.38 |
40.91 |
P3 |
43.18 |
43.14 |
45.01 |
⚠Triggers may have already come
Support and Resistance Plot Chart for HNI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HNI: