Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
October 20, 2024, 17:30 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy CIX near 28.5 with an upside target of 34.56. This data also tells us to set a stop loss @ 28.42 to protect against excessive loss in case the stock begins to move against the trade. 28.5 is the first level of support below 30.83 , and by rule, any test of support is a buy signal. In this case, support 28.5 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of CIX as it gets near 34.56 with a downside target of 28.5. We should have a stop loss in place at 34.66though. 34.56 is the first level of resistance above 30.83, and by rule, any test of resistance is a short signal. In this case, if resistance 34.56 is being tested, a short signal would exist.
If 31.71 begins to break higher, the technical summary data tells us to buy CIX just slightly over 31.71, with an upside target of 34.56. The data also tells us to set a stop loss @ 31.62 in case the stock turns against the trade. 31.71 is the first level of resistance above 30.83, and by rule, any break above resistance is a buy signal. In this case, 31.71, 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.
The technical summary data is suggesting a short of CIX if it tests 31.71 with a downside target of 30.64. We should have a stop loss in place at 31.8 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, 31.71, 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.
If 31.07 begins to break higher, the technical summary data tells us to buy CIX just slightly over 31.07, with an upside target of 31.71. The data also tells us to set a stop loss @ 31 in case the stock turns against the trade. 31.07 is the first level of resistance above 30.83, and by rule, any break above resistance is a buy signal. In this case, 31.07, 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.
The technical summary data is suggesting a short of CIX if it tests 31.07 with a downside target of 30.64. We should have a stop loss in place at 31.14 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, 31.07, 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 Compx International Inc. (CIX) available here: CIX.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
With an objective approach to Compx International Inc. (NYSE: CIX), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.