Often, the action in a stock is based on investors perceptions, but it can be a circular event. Not only is the price action representative of perception, but it can influence perception too. In the case of Lindsay (NYSE: LNN) we can see this in the charts. The data for LNN in the summary table and trading plans below are intended to provide an example of how to extrapolate this. Our 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 .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Neutral | Strong |
P1 | 0 | 0 | 141.13 |
P2 | 162.44 | 162.55 | 155.22 |
P3 | 169.62 | 169.71 | 170.80 |
Long Term Trading Plans for LNN
April 15, 2021, 7:15 am ET
The Technical Summary and Trading Plans for LNN 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 LNN Report.
LNN - (Long) Support Plan
The technical summary data tells us to buy LNN near 155.22 with an upside target of 170.80. This data also tells us to set a stop loss @ 154.77 to protect against excessive loss in case the stock begins to move against the trade. 155.22 is the first level of support below 162.64 , and by rule, any test of support is a buy signal. In this case, support 155.22 is being tested, a buy signal would exist.
LNN - (Short) Resistance Plan
The technical summary data is suggesting a short of LNN as it gets near 170.80 with a downside target of 155.22. We should have a stop loss in place at 171.29though. 170.80 is the first level of resistance above 162.64, and by rule, any test of resistance is a short signal. In this case, if resistance 170.80 is being tested, a short signal would exist.