Pop Pulse News

$NDOW | ($NDOW) Investment Analysis (NDOW)

By Thomas Y.

$NDOW | ($NDOW) Investment Analysis (NDOW)

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...

December 21, 2024, 13:00 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy NDOW near 24.27 with an upside target of 24.69. This data also tells us to set a stop loss @ 24.2 to protect against excessive loss in case the stock begins to move against the trade. 24.27 is the first level of support below 24.3757 , and by rule, any test of support is a buy signal. In this case, support 24.27 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of NDOW as it gets near 24.69 with a downside target of 24.27. We should have a stop loss in place at 24.76though. 24.69 is the first level of resistance above 24.3757, and by rule, any test of resistance is a short signal. In this case, if resistance 24.69 is being tested, so a short signal would exist.

If 24.77 begins to break higher, the technical summary data tells us to buy NDOW just slightly over 24.77, with an upside target of 25.06. The data also tells us to set a stop loss @ 24.7 in case the stock turns against the trade. 24.77 is the first level of resistance above 24.3757, and by rule, any break above resistance is a buy signal. In this case, 24.77, 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 NDOW if it tests 24.77 with a downside target of 24.27. We should have a stop loss in place at 24.84 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, 24.77, 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 24.77 begins to break higher, the technical summary data tells us to buy NDOW just slightly over 24.77, with an upside target of 25.06. The data also tells us to set a stop loss @ 24.71 in case the stock turns against the trade. 24.77 is the first level of resistance above 24.3757, and by rule, any break above resistance is a buy signal. In this case, 24.77, 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 NDOW if it tests 24.77 with a downside target of n/a. We should have a stop loss in place at 24.83 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, 24.77, 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.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

With an objective approach to Anydrus Advantage Etf (NASDAQ: NDOW), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Previous articleNext article

POPULAR CATEGORY

corporate

8797

tech

9820

entertainment

10972

research

4821

wellness

8616

athletics

11337