Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
October 13, 2024, 07:44 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy QLV near 66.07 with an upside target of 67.41. This data also tells us to set a stop loss @ 65.88 to protect against excessive loss in case the stock begins to move against the trade. 66.07 is the first level of support below 66.7366 , and by rule, any test of support is a buy signal. In this case, support 66.07 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of QLV as it gets near 67.41 with a downside target of 66.07. We should have a stop loss in place at 67.6though. 67.41 is the first level of resistance above 66.7366, and by rule, any test of resistance is a short signal. In this case, if resistance 67.41 is being tested, a short signal would exist.
If 67.41 begins to break higher, the technical summary data tells us to buy QLV just slightly over 67.41, with an upside target of n/a. The data also tells us to set a stop loss @ 67.22 in case the stock turns against the trade. 67.41 is the first level of resistance above 66.7366, and by rule, any break above resistance is a buy signal. In this case, 67.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of QLV if it tests 67.41 with a downside target of 66.2. We should have a stop loss in place at 67.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 67.41 begins to break higher, the technical summary data tells us to buy QLV just slightly over 67.41, with an upside target of n/a. The data also tells us to set a stop loss @ 67.25 in case the stock turns against the trade. 67.41 is the first level of resistance above 66.7366, and by rule, any break above resistance is a buy signal. In this case, 67.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of QLV if it tests 67.41 with a downside target of 66.49. We should have a stop loss in place at 67.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Flexshares Us Quality Low Volatility Index Fund (QLV) available here: QLV.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Flexshares Us Quality Low Volatility Index Fund (NYSE: QLV) report below is a real world example. Included are trading plans for QLV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.