(SNCY) Long-term investment analysis

July 4, 2024, 3:20 PM ET, BY Jeff W. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for SNCY

• Buy SNCY just above 11.66, target 14.18, stop loss at 11.63 details

The technical summary data tells us to buy SNCY at 11.66 with an upside target of 14.18. This data also tells us to set a stop loss at 11.63 to protect ourselves from excessive losses in case the stock starts moving against the trade. 11.66 is the first support level below 12.37 and any test of support is usually a buy signal. In this case, the support at 11.66 is tested, a buy signal would be present.

• Short SNCY just below 14.18, target 11.66, stop loss at 14.22 details

The technical summary data suggests a short of SNCY as it approaches 14.18, with a downside target of 11.66. However, we should place a stop loss at 14.22. 14.18 is the first resistance level above 12.37, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 14.18 resistance is tested.

Swing Trading Plans for SNCY

• Buy SNCY just above 12.52, target 13.5, stop loss at 12.48. details

If 12.52 starts to rise, the technical summary data tells us to buy SNCY just above 12.52, with an upside target of 13.5. The data also tells us to set a stop loss at 12.48 in case the stock turns against the trade. 12.52 is the first resistance level above 12.37, and any break above resistance is usually a buy signal. In this case, 12.52, the initial resistance, would move up, 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 SNCY close to 12.52, target 11.66, stop loss at 12.56. details

The technical summary data suggests a short of SNCY if it tests 12.52 with a downside target of 11.66. However, we should place a stop loss at 12.56 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 12.52 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 SNCY

• Buy SNCY just above 12.52, target 12.73, stop loss at 12.49 details

If 12.52 starts to rise, the technical summary data tells us to buy SNCY just above 12.52, with an upside target of 12.73. The data also tells us to set a stop loss at 12.49 in case the stock turns against the trade. 12.52 is the first resistance level above 12.37, and any break above resistance is usually a buy signal. In this case, 12.52, the initial resistance, would move up, 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 SNCY close to 12.52, target 11.66, stop loss at 12.55. details

The technical summary data suggests a short of SNCY if it tests 12.52 with a downside target of 11.66. However, we should place a stop loss at 12.55 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 12.52 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 Sun Country Airlines Holdings Inc. (SNCY) available here: SNCY.

SNCY Ratings for July 04:

AI-generated signals for SNCY

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Technically, Sun Country Airlines Holdings Inc. (NASDAQ: SNCY) offers opportunities for traders who monitor the stock’s price fluctuations over time.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when SNCY 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 distinguish trading plans for day trading, swing trading and long-term investment plans for SNCY. All of these are offered below the summary table.