(INTU) Technical Pivots with Risk Controls

January 15, 2024, 09:56 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INTU

• Buy INTU slightly over 583.43 target 618.22 stop loss @ 581.75 Details

The technical summary data tells us to buy INTU near 583.43 with an upside target of 618.22. This data also tells us to set a stop loss @ 581.75 to protect against excessive loss in case the stock begins to move against the trade. 583.43 is the first level of support below 611.8 , and by rule, any test of support is a buy signal. In this case, support 583.43 is being tested, a buy signal would exist.

• Short INTU slightly under 618.22, target 583.43, stop loss @ 620.01 Details

The technical summary data is suggesting a short of INTU as it gets near 618.22 with a downside target of 583.43. We should have a stop loss in place at 620.01though. 618.22 is the first level of resistance above 611.8, and by rule, any test of resistance is a short signal. In this case, if resistance 618.22 is being tested, a short signal would exist.

Swing Trading Plans for INTU

• Buy INTU slightly over 618.22, target n/a, Stop Loss @ 616.43 Details

If 618.22 begins to break higher, the technical summary data tells us to buy INTU just slightly over 618.22, with an upside target of n/a. The data also tells us to set a stop loss @ 616.43 in case the stock turns against the trade. 618.22 is the first level of resistance above 611.8, and by rule, any break above resistance is a buy signal. In this case, 618.22, 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 INTU slightly near 618.22, target 610.22, Stop Loss @ 620.01. Details

The technical summary data is suggesting a short of INTU if it tests 618.22 with a downside target of 610.22. We should have a stop loss in place at 620.01 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, 618.22, 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 INTU

• Buy INTU slightly over 616.78, target 618.22, Stop Loss @ 615.34 Details

If 616.78 begins to break higher, the technical summary data tells us to buy INTU just slightly over 616.78, with an upside target of 618.22. The data also tells us to set a stop loss @ 615.34 in case the stock turns against the trade. 616.78 is the first level of resistance above 611.8, and by rule, any break above resistance is a buy signal. In this case, 616.78, 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 INTU slightly near 616.78, target 610.22, Stop Loss @ 618.22. Details

The technical summary data is suggesting a short of INTU if it tests 616.78 with a downside target of 610.22. We should have a stop loss in place at 618.22 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, 616.78, 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 Intuit Inc. (INTU) available here: INTU.

INTU Ratings for January 15:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	546.36
P2	609.06	582.64	583.43
P3	616.78	610.22	618.22

AI Generated Signals for INTU

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The technical pivots for Intuit Inc. (NASDAQ: INTU) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for INTU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if INTU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for INTU too.  All of these are offered below the Summary Table.