(TECS) Investment Analysis

November 29, 2024, 22:10 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TECS

• Buy TECS near 47.18 target 59.6 stop loss @ 47.04 Details

The technical summary data tells us to buy TECS near 47.18 with an upside target of 59.6. This data also tells us to set a stop loss @ 47.04 to protect against excessive loss in case the stock begins to move against the trade. 47.18 is the first level of support below 47.81 , and by rule, any test of support is a buy signal. In this case, support 47.18 is being tested, a buy signal would exist.

• Short TECS slightly under 59.6, target 47.18, stop loss @ 59.77 Details

The technical summary data is suggesting a short of TECS as it gets near 59.6 with a downside target of 47.18. We should have a stop loss in place at 59.77though. 59.6 is the first level of resistance above 47.81, and by rule, any test of resistance is a short signal. In this case, if resistance 59.6 is being tested, a short signal would exist.

Swing Trading Plans for TECS

• Buy TECS slightly over 50.8, target 59.6, Stop Loss @ 50.65 Details

If 50.8 begins to break higher, the technical summary data tells us to buy TECS just slightly over 50.8, with an upside target of 59.6. The data also tells us to set a stop loss @ 50.65 in case the stock turns against the trade. 50.8 is the first level of resistance above 47.81, and by rule, any break above resistance is a buy signal. In this case, 50.8, 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 TECS slightly near 50.8, target 47.29, Stop Loss @ 50.95. Details

The technical summary data is suggesting a short of TECS if it tests 50.8 with a downside target of 47.29. We should have a stop loss in place at 50.95 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, 50.8, 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 TECS

• Buy TECS slightly over 47.92, target 49.5, Stop Loss @ 47.81 Details

If 47.92 begins to break higher, the technical summary data tells us to buy TECS just slightly over 47.92, with an upside target of 49.5. The data also tells us to set a stop loss @ 47.81 in case the stock turns against the trade. 47.92 is the first level of resistance above 47.81, and by rule, any break above resistance is a buy signal. In this case, 47.92, 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 TECS slightly near 47.92, target 47.29, Stop Loss @ 48.03. Details

The technical summary data is suggesting a short of TECS if it tests 47.92 with a downside target of 47.29. We should have a stop loss in place at 48.03 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, 47.92, 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 Direxion Daily Technology Bear -3x Shares (TECS) available here: TECS.

TECS Ratings for November 29:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	36.92
P2	47.92	47.29	47.18
P3	49.5	50.8	59.6

AI Generated Signals for TECS

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TECS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  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, if TECS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each 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 it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for TECS too.  All of these are offered below the Summary Table.