When the Price of (MEI) Talks, People Listen
March 24, 2024, 04:34 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MEI
- Buy MEI slightly over 11.5 target 15.37 stop loss @ 11.47 Details
The technical summary data tells us to buy MEI near 11.5 with an upside target of 15.37. This data also tells us to set a stop loss @ 11.47 to protect against excessive loss in case the stock begins to move against the trade. 11.5 is the first level of support below 12.04 , and by rule, any test of support is a buy signal. In this case, support 11.5 would be being tested, so a buy signal would exist.
- Short MEI slightly under 15.37, target 11.5, stop loss @ 15.41 Details
The technical summary data is suggesting a short of MEI as it gets near 15.37 with a downside target of 11.5. We should have a stop loss in place at 15.41though. 15.37 is the first level of resistance above 12.04, and by rule, any test of resistance is a short signal. In this case, if resistance 15.37 is being tested, so a short signal would exist.
Swing Trading Plans for MEI
- Buy MEI slightly over 15.37, target 19.35, Stop Loss @ 15.33 Details
If 15.37 begins to break higher, the technical summary data tells us to buy MEI just slightly over 15.37, with an upside target of 19.35. The data also tells us to set a stop loss @ 15.33 in case the stock turns against the trade. 15.37 is the first level of resistance above 12.04, and by rule, any break above resistance is a buy signal. In this case, 15.37, 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 MEI slightly near 15.37, target 11.93, Stop Loss @ 15.41. Details
The technical summary data is suggesting a short of MEI if it tests 15.37 with a downside target of 11.93. We should have a stop loss in place at 15.41 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, 15.37, 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 MEI
- Buy MEI slightly over 12.44, target 15.37, Stop Loss @ 12.41 Details
If 12.44 begins to break higher, the technical summary data tells us to buy MEI just slightly over 12.44, with an upside target of 15.37. The data also tells us to set a stop loss @ 12.41 in case the stock turns against the trade. 12.44 is the first level of resistance above 12.04, and by rule, any break above resistance is a buy signal. In this case, 12.44, 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 MEI slightly near 12.44, target 11.94, Stop Loss @ 12.47. Details
The technical summary data is suggesting a short of MEI if it tests 12.44 with a downside target of 11.94. We should have a stop loss in place at 12.47 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, 12.44, 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 Methode Electronics Inc. (MEI) available here: MEI.
MEI Ratings for March 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
11.5 |
| P2 |
11.94 |
11.05 |
15.37 |
| P3 |
12.44 |
11.93 |
19.35 |
AI Generated Signals for MEI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Methode Electronics Inc. (NYSE: MEI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MEI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MEI:
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