HOLX - How to use Hologic as a Forecasting Tool
Wall Street usually prices in events before they happen, and that is as true for Hologic (NASDAQ: HOLX) as it is for any other company. If news is anticipated, and investors want to know what to expect, a simple review of the stock's price action is one of the best ways to do that. The price action of HOLX was used to prepare the plans below, it can reflect anticipation, and offer forward looking guidance without the need for analyst's opinions, which are often late and associated with decisions that have already been made anyway. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 75.83 | |||
| P2 | |||
| 68.55 | |||
| 68.09 | |||
| 82.64 | |||
| P3 | |||
| 71.61 | |||
| 72.20 | |||
| 89.13 |
Long Term Trading Plans for HOLX
March 8, 2021, 11:45 am ET
The Technical Summary and Trading Plans for HOLX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HOLX Report.
HOLX - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
HOLX - (Short) Resistance Plan
The technical summary data is suggesting a short of HOLX as it gets near 75.83, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 76.05. 75.83 is the first level of resistance above 72.52, and by rule, any test of resistance is a short signal. In this case, if resistance 75.83 is being tested, so a short signal would exist.