How the (MORN) price action is used to our Advantage
September 05, 2024, 10:40 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MORN
- Buy MORN slightly over 299.24 target 317.86 stop loss @ 298.38 Details
The technical summary data tells us to buy MORN near 299.24 with an upside target of 317.86. This data also tells us to set a stop loss @ 298.38 to protect against excessive loss in case the stock begins to move against the trade. 299.24 is the first level of support below 311.85 , and by rule, any test of support is a buy signal. In this case, support 299.24 would be being tested, so a buy signal would exist.
- Short MORN slightly under 317.86, target 299.24, stop loss @ 318.78 Details
The technical summary data is suggesting a short of MORN as it gets near 317.86 with a downside target of 299.24. We should have a stop loss in place at 318.78though. 317.86 is the first level of resistance above 311.85, and by rule, any test of resistance is a short signal. In this case, if resistance 317.86 is being tested, so a short signal would exist.
Swing Trading Plans for MORN
- Buy MORN slightly over 313.49, target 317.86, Stop Loss @ 312.58 Details
If 313.49 begins to break higher, the technical summary data tells us to buy MORN just slightly over 313.49, with an upside target of 317.86. The data also tells us to set a stop loss @ 312.58 in case the stock turns against the trade. 313.49 is the first level of resistance above 311.85, and by rule, any break above resistance is a buy signal. In this case, 313.49, 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 MORN slightly near 313.49, target 309.79, Stop Loss @ 314.4. Details
The technical summary data is suggesting a short of MORN if it tests 313.49 with a downside target of 309.79. We should have a stop loss in place at 314.4 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, 313.49, 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 MORN
- Buy MORN slightly over 313.49, target 317.86, Stop Loss @ 312.76 Details
If 313.49 begins to break higher, the technical summary data tells us to buy MORN just slightly over 313.49, with an upside target of 317.86. The data also tells us to set a stop loss @ 312.76 in case the stock turns against the trade. 313.49 is the first level of resistance above 311.85, and by rule, any break above resistance is a buy signal. In this case, 313.49, 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 MORN slightly near 313.49, target 311, Stop Loss @ 314.22. Details
The technical summary data is suggesting a short of MORN if it tests 313.49 with a downside target of 311. We should have a stop loss in place at 314.22 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, 313.49, 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 Morningstar Inc. (MORN) available here: MORN.
MORN Ratings for September 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
299.24 |
| P2 |
311 |
309.79 |
317.86 |
| P3 |
313.47 |
313.49 |
335.93 |
AI Generated Signals for MORN
Blue = Current Price
Red= Resistance
Green = Support
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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 Morningstar Inc. (NASDAQ: MORN) data table below can help you with price action, and we have more details too. Trading plans for MORN 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.
Fundamental Charts for MORN:
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