How we can use the (JEF) price action to our advantage

June 22, 2024, 5:28 PM ET, BY Tyler Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for JEF

• Buy JEF just above 45.56, target 48.48, stop loss at 45.43 details

The technical summary data tells us to buy JEF at 45.56 with an upside target of 48.48. This data also tells us to set a stop loss at 45.43 to protect ourselves from excessive losses in case the stock starts moving against the trade. 45.56 is the first level of support below 45.75 and any test of support is usually a buy signal. In this case, the support at 45.56 is tested, a buy signal would be present.

• Short JEF just below 48.48, target 45.56, stop loss at 48.62 details

The technical summary data suggests a short JEF as it approaches 48.48, with a downside target of 45.56. However, we should place a stop loss at 48.62. 48.48 is the first resistance level above 45.75, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 48.48 resistance is tested.

Swing trading plans for JEF

• Buy JEF just above 46.07, target 48.48, stop loss at 45.94 details

If 46.07 starts to rise, the technical summary data tells us to buy JEF just above 46.07, with an upside target of 48.48. The data also tells us to set a stop loss at 45.94 in case the stock turns against the trade. 46.07 is the first resistance level above 45.75, and any break above resistance is usually a buy signal. In this case, 46.07, 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 JEF close to 46.07, target 45.56, stop loss at 46.2. details

The technical summary data suggests a short of JEF if it tests 46.07 with a downside target of 45.56. However, we should place a stop loss at 46.2 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 46.07 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 JEF

• Buy JEF just above 45.77, target 46.07, stop loss at 45.66 details

If 45.77 starts to rise, the technical summary data tells us to buy JEF just above 45.77, with an upside target of 46.07. The data also tells us to set a stop loss at 45.66 in case the stock turns against the trade. 45.77 is the first resistance level above 45.75, and any break above resistance is usually a buy signal. In this case, 45.77, 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 JEF close to 45.77, target 45.56, stop loss at 45.88. details

The technical summary data suggests a short of JEF if it tests 45.77 with a downside target of 45.56. However, we should place a stop loss at 45.88 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 45.77 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 Jefferies Financial Group Inc. (JEF) available here: JEF.

JEF ratings for June 22:

AI-generated signals for JEF

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Jefferies Financial Group Inc. The data table (NYSE:JEF) below can help you with the price action and we also have more details. Trading plans for JEF are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.