July 16, 2022
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Cathay General Bancorp CATY Commercial advice

By on September 28, 2021 0


Source: Daily Stock Exchange Traders

Longer term trading plans for CATY
  • Buy CATY on 39.70 target 44.35 stop loss @ 39.59 Details
  • Summary technical data tells us to buy CATY near 39.70 with a bullish target of 44.35. This data also tells us to set a stop loss @ 39.59 to protect against an excessive loss in case the stock starts moving against the trade. 39.70 is the first level of support below 42.31, and by rule, any test of support is a buy signal. In this case, 39.70 support would be tested, so a buy signal would exist.

  • CATY short under 44.35, target 39.70, stop loss @ 44.48 Details
  • The technical summary of the data suggests a short sell off of CATY as it approaches 44.35 with a bearish target of 39.70. We should however have a stop loss in place at 44.48. 44.35 is the first resistance level above 42.31, and by rule, any resistance test is a short signal. In this case, if resistor 44.35 is tested, a short signal would exist.

Swing Trading Plans for CATY
  • Buy CATY above 44.35, target 49.25, Stop Loss at 44.22 Details
  • If 44.35 starts to break higher, technical summary data tells us to buy CATY just above 44.35, with a bullish target of 49.25. The data also tells us to set a stop loss @ 44.22 in case the stock turns against the trade. 44.35 is the first resistance level above 42.31, and by rule, any breakout above resistance is a buy signal. In this case, 44.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short CATY near 44.35, target 41.41, Stop Loss @ 44.48. Details
  • The technical summary of the data suggests a short sell of CATY if it tests 44.35 with a bearish target of 41.41. We should have a stop loss in place at 44.48 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 44.35, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for CATY
  • Buy CATY above 42.83, target 44.35, Stop Loss at 42.73 Details
  • If 42.83 starts to break higher, technical summary data tells us to buy CATY just above 42.83, with a bullish target of 44.35. The data also tells us to set a stop loss @ 42.73 in case the stock turns against the trade. 42.83 is the first resistance level above 42.31, and by rule, any breakout above resistance is a buy signal. In this case, 42.83 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short CATY near 42.83, target 42.24, Stop Loss @ 42.93. Details
  • The technical summary of the data suggests a short sell of CATY if it tests 42.83 with a bearish target of 42.24. We should have a stop loss in place at 42.93 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 42.83, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

CATY Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Neutral Strong
P1 0 0 39.70
P2 42.24 39.17 44.35
P3 42.83 41.41 49.25


CATY Swing Trading analysis for September 28, 2021


CATY Day Trading analysis for September 28, 2021

This report was produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most timely trading strategies for individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The objective of this specific report is to optimize exchanges by Cathay General Bancorp (NASDAQ: CATY) while incorporating 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 CATY change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if CATY is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for CATY as well. All these elements are proposed under the summary table.

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Fundamental graphics for CATY


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