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Learn to Evaluate Spdr S&p Midcap 400 (MDY) using the Charts

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Spdr S&p Midcap 400 (NYSE: MDY) report below can help you understand how to do this. The trading plans for MDY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for MDY
  • Buy MDY slightly over 500.05 target 527.94 stop loss @ 498.61 Details
  • The technical summary data tells us to buy MDY near 500.05 with an upside target of 527.94. This data also tells us to set a stop loss @ 498.61 to protect against excessive loss in case the stock begins to move against the trade. 500.05 is the first level of support below 508.8 , and by rule, any test of support is a buy signal. In this case, support 500.05 would be being tested, so a buy signal would exist.

  • Short MDY under 527.94, target 500.05, stop loss @ 529.46 Details
  • The technical summary data is suggesting a short of MDY as it gets near 527.94 with a downside target of 500.05. We should have a stop loss in place at 529.46though. 527.94 is the first level of resistance above 508.8, and by rule, any test of resistance is a short signal. In this case, if resistance 527.94 is being tested, so a short signal would exist.

Swing Trading Plans for MDY
  • Buy MDY slightly over 512.48, target 527.94, Stop Loss @ 511 Details
  • If 512.48 begins to break higher, the technical summary data tells us to buy MDY just slightly over 512.48, with an upside target of 527.94. The data also tells us to set a stop loss @ 511 in case the stock turns against the trade. 512.48 is the first level of resistance above 508.8, and by rule, any break above resistance is a buy signal. In this case, 512.48, 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.

  • Short MDY near 512.48, target 505.10, Stop Loss @ 513.96. Details
  • The technical summary data is suggesting a short of MDY if it tests 512.48 with a downside target of 505.10. We should have a stop loss in place at 513.96 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, 512.48, 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.

Day Trading Plans for MDY
  • Buy MDY slightly over 509.76, target 512.48, Stop Loss @ 508.57 Details
  • If 509.76 begins to break higher, the technical summary data tells us to buy MDY just slightly over 509.76, with an upside target of 512.48. The data also tells us to set a stop loss @ 508.57 in case the stock turns against the trade. 509.76 is the first level of resistance above 508.8, and by rule, any break above resistance is a buy signal. In this case, 509.76, 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.

  • Short MDY near 509.76, target 506.32, Stop Loss @ 510.95. Details
  • The technical summary data is suggesting a short of MDY if it tests 509.76 with a downside target of 506.32. We should have a stop loss in place at 510.95 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, 509.76, 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.

MDY Ratings for October 22:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 500.05
P2 506.32 505.10 527.94
P3 509.76 512.48 556.92
Triggers may have already come
Support and Resistance Plot Chart for MDY

MDY Long Term Analysis for October 22 2021

Blue = Current Price
Red= Resistance
Green = Support

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