(IOT) Long-term Investment Analysis

July 22, 2024, 14:06pm EST by Neal Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long Term Trading Plan for IOT Buy IOT just above 31.7 Target 37.14 Stop Loss 31.61 Details

Technical summary data suggests buying IOT near 31.7 with an upside target of 37.14. The data also suggests placing a stop loss at 31.61 to prevent excessive losses if the stock starts to move against the trade. 31.7 is the first support level below 36.86 and as a rule, a test of support is a buy signal. In this case, since support at 31.7 is being tested, a buy signal exists.

IOT is short just below 37.14 with a target of 31.7 and a stop loss of 37.25. Learn more

Technical summary data suggests a short as IOT is approaching 37.14 with a downside target of 31.7. However, a stop loss should be placed at 37.25. 37.14 is the first resistance level above 36.86 and as a rule, a test of resistance is a short signal. In this case, resistance 37.14 is being tested so a short signal exists.

Swing trade plan for IOT Buy IOT just above 37.14, target 38.17, stop loss 37.03 More info

If 37.14 starts to break out further, the technical summary data suggests that you should buy IOT just above 37.14 with an upside target of 38.17. The data also suggests that you should place a stop loss at 37.03 in case the stock reverses course on the trade. 37.14 is the first resistance level above 36.86, and as a rule, a break above resistance is a buy signal. In this case, a buy signal occurs because the first resistance, 37.14, has been broken out further. This plan is called a long resistance plan because it is based on a break of resistance.

IOT is short at 37.14 with target at 35.85 and stop loss at 37.25. Read more

The technical summary data suggests a short if IOT tests 37.14 with a downside target of 35.85. However, a stop loss should be placed at 37.25 in case the stock starts moving against the trade. By convention, any test of resistance is a short signal. In this case, if resistance, 37.14, is being tested, a short signal would be present. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day Trading Plan for IOT Buy IOT just above 37.14 with a target of 38.17 and a stop loss of 37.05. Learn more

If 37.14 starts to break out further, the technical summary data suggests that you should buy IOT just above 37.14 with an upside target of 38.17. The data also suggests that you should place a stop loss at 37.05 in case the stock reverses course on the trade. 37.14 is the first resistance level above 36.86, and as a rule, a break above resistance is a buy signal. In this case, a buy signal exists because the first resistance, 37.14, has been broken out further. This plan is called a long resistance plan because it is based on a break of resistance.

IOT is short at 37.14 with target at 36.1 and stop loss at 37.23.

The technical summary data suggests a short if IOT tests 37.14 with a downside target of 36.1. However, a stop loss should be placed at 37.23 in case the stock starts moving against the trade. By convention, any test of resistance is a short signal. In this case, if resistance, 37.14, is being tested, a short signal would be present. 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 Samsara Inc. Class A (IOT) are available from IOT.

IOT evaluation on July 22nd:

Term → Near Mid-term Long-term Rating Weak Strong Strong P1 0 0 31.7 P2 35.08 35.85 37.14 P3 36.1 38.17 42.74 AI-generated signals for IoT

Blue = current price
Red = Resistance
Green = Support

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Technically, Samsara Inc. Class A (NYSE: IOT ) offers opportunities for traders watching the stock price movements.

WARNING: This is a static report. The data below was valid at the time of publication, but the support and resistance levels for IOT change over time, so the report should be updated periodically. Real-time updates are provided to subscribers. Unlimited real-time reports. Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes with Evitar Corte. Instructions: The rules governing the data in this report are those of technical analysis. For example, if IOT is testing support, a buy signal will surface and resistance will be the target. Conversely, if resistance is being tested, it is a sign to control risk or go short, and support will be the downside target accordingly. In either case, the trigger points are designed to be ideal places to enter a position (avoid trading in the middle of the trading channel) and also act as levels of risk management. Swing trades, day trades, and long-term trading plans: This data is tailored to distinguish between trading plans for day trades, swing trades, and long-term investment plans for IOT. All of these are provided below the summary table.

Basic chart of IOT:

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