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June 24, 2024, 2:54 PM ET, BY Joseph H. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for SIBN

• Buy SIBN just above 11.3, target 13.83, stop loss at 11.27 details

The technical summary data tells us to buy SIBN at 11.3 with an upside target of 13.83. This data also tells us to set a stop loss at 11.27 to protect ourselves from excessive losses in case the stock starts moving against the trade. 11.3 is the first level of support below 12.0075 and according to the rule, any test of support is a buy signal. In this case, the 11.3 support would be tested, so a buy signal would be present.

• Short SIBN just below 13.83, target 11.3, stop loss at 13.87 details

The technical summary data suggests a short of SIBN as it approaches 13.83, with a downside target of 11.3. However, we should place a stop loss at 13.87. 13.83 is the first resistance level above 12.0075, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 13.83 resistance is tested.

Swing Trading Plans for SIBN

• Buy SIBN just above 12.36, target 13.83, stop loss at 12.32 details

If 12.36 starts to rise, the technical summary data tells us to buy SIBN just above 12.36, with an upside target of 13.83. The data also tells us to set a stop loss at 12.32 in case the stock turns against the trade. 12.36 is the first resistance level above 12.0075, and any break above resistance is usually a buy signal. In this case, 12.36, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short SIBN close to 12.36, target 11.86, stop loss at 12.4. details

The technical summary data suggests a short of SIBN if it tests 12.36 with a downside target of 11.86. However, we should place a stop loss at 12.4 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 12.36 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for SIBN

• Buy SIBN just above 12.36, target 13.83, stop loss at 12.33 details

If 12.36 starts to rise, the technical summary data tells us to buy SIBN just above 12.36, with an upside target of 13.83. The data also tells us to set a stop loss at 12.33 in case the stock turns against the trade. 12.36 is the first resistance level above 12.0075, and any break above resistance is usually a buy signal. In this case, 12.36, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short SIBN just near 12.36, target 11.86, stop loss at 12.39. details

The technical summary data suggests a short of SIBN if it tests 12.36 with a downside target of 11.86. However, we should place a stop loss at 12.39 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 12.36 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Si-Bone Inc. (SIBN) available here: SIBN number.

SIBN Ratings for June 24:

AI-generated signals for SIBN

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Si-Bone Inc. (NASDAQ: SIBN) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for SIBN change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when SIBN tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or go short, 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 (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for SIBN. All of these are offered below the summary table.