How the price action of Crown Castle Inc. ($CCI) is used to our Advantage
November 28, 2023, 02:45 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CCI
- Buy CCI slightly over 99.3 target n/a stop loss @ 99.01. Details
The technical summary data tells us to buy CCI near 99.3, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 99.01 to protect against excessive loss in case the stock begins to move against the trade. 99.3 is the first level of support below 107.15, and by rule, any test of support is a buy signal. In this case, if support 99.3 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for CCI
- Buy CCI slightly over 109.87, target n/a, Stop Loss @ 109.55 Details
If 109.87 begins to break higher, the technical summary data tells us to buy CCI just slightly over 109.87, with an upside target of n/a. The data also tells us to set a stop loss @ 109.55 in case the stock turns against the trade. 109.87 is the first level of resistance above 107.15, and by rule, any break above resistance is a buy signal. In this case, 109.87, 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 CCI slightly near 109.87, target 105.26, Stop Loss @ 110.19. Details
The technical summary data is suggesting a short of CCI if it tests 109.87 with a downside target of 105.26. We should have a stop loss in place at 110.19 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, 109.87, 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 CCI
- Buy CCI slightly over 107.93, target 109.87, Stop Loss @ 107.68 Details
If 107.93 begins to break higher, the technical summary data tells us to buy CCI just slightly over 107.93, with an upside target of 109.87. The data also tells us to set a stop loss @ 107.68 in case the stock turns against the trade. 107.93 is the first level of resistance above 107.15, and by rule, any break above resistance is a buy signal. In this case, 107.93, 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 CCI slightly near 107.93, target 105.26, Stop Loss @ 108.18. Details
The technical summary data is suggesting a short of CCI if it tests 107.93 with a downside target of 105.26. We should have a stop loss in place at 108.18 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, 107.93, 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 Crown Castle Inc. (CCI) available here: CCI.
CCI Ratings for November 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
82.01 |
| P2 |
104.68 |
105.26 |
90.59 |
| P3 |
107.93 |
109.87 |
99.3 |
AI Generated Signals for CCI
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 Crown Castle Inc. (NYSE: CCI) data table below can help you with price action, and we have more details too. Trading plans for CCI 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 CCI:
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