(WNEB) Technical data

Longer term trading plans for WNEB

  • NO. Details
  • There is currently no support plan in place to trigger a purchase of this stock. This usually means that there are no clear support levels at the moment, so buying stocks as they fall could be considered like catching a falling knife. Buy signals only exist when resistance moves higher.
    This is often a signal that the stock you are watching is weak. Waiting for a higher turn can be more intelligent than trying to catch a falling knife. Regardless, new support levels are typically revised in the database at the start of the next trading session.

  • Short WNEB just under 6.58, target N/A, stop loss @ 6.6 Details
  • The technical summary data suggests a shortfall in WNEB as it approaches 6.58, but the downside target is not available from the current data. This tells us to hold that position if it is activated until a new downside target is established (updates occur at the start of each trading session) or until the position is stopped. The summary data tells us that a stop loss has been set at 6.6. 6.58 is the first resistance level above 6.36, and as a rule any resistance test is a short signal. In this case, if resistance 6.58 is tested, a short signal would exist.

Swing trading plans for WNEB

  • Buy WNEB just above 6.58, target 7.69, Stop Loss @ 6.56 Details
  • If 6.58 starts to move higher, the technical summary data tells us to buy WNEB just above 6.58, with an upside target of 7.69. The data also tells us to set a stop loss at 6.56 in case the stock turns against the trade. 6.58 is the first resistance level above 6.36, and generally any break above resistance is a buy signal. In this case, the initial resistance at 6.58 would rise higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short WNEB something near 6.58, target N/A, Stop Loss @ 6.6. Details
  • The technical summary data suggests a shortfall on WNEB as it tests 6.58 with a downside target of N/A However, we should have a stop loss at 6.6 in case the stock starts moving against trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 6.58, would produce a short signal. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for WNEB

  • Buy WNEB just above 6.58, target 7.69, Stop Loss @ 6.56 Details
  • If 6.58 starts to move higher, the technical summary data tells us to buy WNEB just above 6.58, with an upside target of 7.69. The data also tells us to set a stop loss at 6.56 in case the stock turns against the trade. 6.58 is the first resistance level above 6.36, and generally any break above resistance is a buy signal. In this case, the initial resistance at 6.58 would move higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short WNEB something near 6.58, target N/A, Stop Loss @ 6.6. Details
  • The technical summary data suggests a shortfall on WNEB as it tests 6.58 with a downside target of N/A However, we should have a stop loss at 6.6 in case the stock starts moving against trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 6.58, would produce a short signal. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Check the time stamp on this data. Updated AI-generated signals for Western New England Bancorp Inc. (WNEB) available here: WNEB.

WNEB ratings for June 15:







Term → Near Middle
Long
Judgement Weak Weak Strong
P1 0 0 6.58
P2 6.45 6.46 7.69
P3 0

8.83
AI-generated signals for WNEB

WNEB long-term analysis for June 15, 2024

Blue = Current price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily. Over the past twenty years, this proprietary AI has been refined to help identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this specific report is to optimize trading Western New England Bancorp Inc. (NASDAQ: WNEB) while building in prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for WNEB change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if WNEB is testing support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to differentiate Day Trading, Swing Trading and Long Term Investing plans for WNEB trading plans as well. These are all offered below the overview table.

Fundamental charts for WNEB: