When the price of (LUMN) speaks, people listen

September 15, 2024, 7:14 PM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow us on LinkedIn)

Longer-term trading plans for LUMN

• Buy LUMN just above 4.94, target n/a stop loss at 4.93. Details

The technical summary data tells us to buy LUMN at 4.94, but there is no current upside target from the summary chart. In this case, we should wait until either an update to the summary chart has occurred (which usually happens at the start of each trading day) or until the position is stopped. The data tells us to set a stop loss of 4.93 to protect ourselves from excessive losses in case the stock starts moving against the trade. 4.94 is the first support level below 6.09, and according to the rule, any test of support is a buy signal. In this case, a buy signal would be present if the 4.94 support is tested.

• NO . Details

NO .
There are currently no resistance levels listed in the summary chart and therefore no short resistance plans that prompt us to short on resistance tests. Resistance levels have broken higher and short positions appear risky unless the stock breaks back down and below support levels.

Swing Trading Plans for LUMN

• Buy LUMN just above 6.16, target nz, stop loss at 6.14 Details

If 6.16 starts to rise, the technical summary data tells us to buy LUMN just above 6.16, with an upside target of $n/a. The data also tells us to set a stop loss at 6.14 in case the stock turns against the trade. 6.16 is the first resistance level above 6.09, and any break above resistance is usually a buy signal. In this case, 6.16, the initial resistance, would move higher, 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 LUMN close to 6.16, target 5.58, stop loss at 6.18. Details

The technical summary data suggests a short of LUMN if it tests 6.16 with a downside target of 5.58. However, we should place a stop loss at 6.18 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 6.16 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 LUMN

• Buy LUMN just above 6.25, target nz, stop loss at 6.24 Details

If 6.25 starts to rise, the technical summary data tells us to buy LUMN just above 6.25, with an upside target of $n/a. The data also tells us to set a stop loss at 6.24 in case the stock turns against the trade. 6.25 is the first resistance level above 6.09, and any break above resistance is usually a buy signal. In this case, 6.25, the initial resistance, would move higher, 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 LUMN close to 6.25, target 5.79, stop loss at 6.26. Details

The technical summary data suggests a short of LUMN if it tests 6.25 with a downside target of 5.79. However, we should place a stop loss at 6.26 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 6.25 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 Lumen Technologies Inc. (LUMN) available here: LUMN.

LUMN Ratings for September 15:

AI-generated signals for LUMN

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This is not EF Hutton, but it could be more #powerful. A picture is worth a thousand words, they say, and the #priceaction of Lumen Technologies Inc. (NASDAQ:LUMN) tells an important story. The movement tells us where investors perceive value or the lack thereof, and if we pay attention, we can capitalize on opportunities. The data below for LUMN can be used as an example and show how this works for other stocks as well. This data was current at the time of publication, but is not updated here in real time. If you want real-time updates or data on any other stock, you can get it here: Unlimited Real-Time Reports.