tradethepoolpool ads

How the price action of Irobot ($IRBT) is used to our Advantage

Longer Term Trading Plans for IRBT
  • Buy IRBT slightly over 39.96 target 47.52 stop loss @ 39.84 Details
  • The technical summary data tells us to buy IRBT near 39.96 with an upside target of 47.52. This data also tells us to set a stop loss @ 39.84 to protect against excessive loss in case the stock begins to move against the trade. 39.96 is the first level of support below 44.95 , and by rule, any test of support is a buy signal. In this case, support 39.96 would be being tested, so a buy signal would exist.

  • Short IRBT slightly under 47.52, target 39.96, stop loss @ 47.66 Details
  • The technical summary data is suggesting a short of IRBT as it gets near 47.52 with a downside target of 39.96. We should have a stop loss in place at 47.66though. 47.52 is the first level of resistance above 44.95, and by rule, any test of resistance is a short signal. In this case, if resistance 47.52 is being tested, so a short signal would exist.

Swing Trading Plans for IRBT
  • Buy IRBT slightly over 45.18, target 47.52, Stop Loss @ 45.05 Details
  • If 45.18 begins to break higher, the technical summary data tells us to buy IRBT just slightly over 45.18, with an upside target of 47.52. The data also tells us to set a stop loss @ 45.05 in case the stock turns against the trade. 45.18 is the first level of resistance above 44.95, and by rule, any break above resistance is a buy signal. In this case, 45.18, 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 IRBT slightly near 45.18, target 44.24, Stop Loss @ 45.31. Details
  • The technical summary data is suggesting a short of IRBT if it tests 45.18 with a downside target of 44.24. We should have a stop loss in place at 45.31 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, 45.18, 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 IRBT
  • Buy IRBT slightly over 45.21, target 47.52, Stop Loss @ 45.1 Details
  • If 45.21 begins to break higher, the technical summary data tells us to buy IRBT just slightly over 45.21, with an upside target of 47.52. The data also tells us to set a stop loss @ 45.1 in case the stock turns against the trade. 45.21 is the first level of resistance above 44.95, and by rule, any break above resistance is a buy signal. In this case, 45.21, 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 IRBT slightly near 45.21, target 44.43, Stop Loss @ 45.32. Details
  • The technical summary data is suggesting a short of IRBT if it tests 45.21 with a downside target of 44.43. We should have a stop loss in place at 45.32 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, 45.21, 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  Irobot (IRBT) Page here: IRBT.

IRBT Ratings for March 18:

Term →Near Mid Long
Rating Strong Weak Weak
P1 0 0 39.96
P2 44.43 44.24 47.52
P3 45.21 45.18 54.62
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for IRBT

IRBT Long Term Analysis for March 18 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Irobot (NASDAQ: IRBT) data table below can help you with price action, and we have more details too. Trading plans for IRBT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.