(CMDY) Investment Analysis

July 30, 2024, 15:22 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMDY

• Buy CMDY slightly over 46.61 target 48.7 stop loss @ 46.48 Details

The technical summary data tells us to buy CMDY near 46.61 with an upside target of 48.7. This data also tells us to set a stop loss @ 46.48 to protect against excessive loss in case the stock begins to move against the trade. 46.61 is the first level of support below 47.34 , and by rule, any test of support is a buy signal. In this case, support 46.61 would be being tested, so a buy signal would exist.

• Short CMDY slightly under 48.7, target 46.61, stop loss @ 48.84 Details

The technical summary data is suggesting a short of CMDY as it gets near 48.7 with a downside target of 46.61. We should have a stop loss in place at 48.84though. 48.7 is the first level of resistance above 47.34, and by rule, any test of resistance is a short signal. In this case, if resistance 48.7 is being tested, so a short signal would exist.

Swing Trading Plans for CMDY

• Buy CMDY slightly over 47.57, target 48.7, Stop Loss @ 47.43 Details

If 47.57 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 47.57, with an upside target of 48.7. The data also tells us to set a stop loss @ 47.43 in case the stock turns against the trade. 47.57 is the first level of resistance above 47.34, and by rule, any break above resistance is a buy signal. In this case, 47.57, 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 CMDY slightly near 47.57, target 47.24, Stop Loss @ 47.71. Details

The technical summary data is suggesting a short of CMDY if it tests 47.57 with a downside target of 47.24. We should have a stop loss in place at 47.71 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, 47.57, 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 CMDY

• Buy CMDY slightly over 47.57, target 48.7, Stop Loss @ 47.46 Details

If 47.57 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 47.57, with an upside target of 48.7. The data also tells us to set a stop loss @ 47.46 in case the stock turns against the trade. 47.57 is the first level of resistance above 47.34, and by rule, any break above resistance is a buy signal. In this case, 47.57, 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 CMDY slightly near 47.57, target 46.61, Stop Loss @ 47.68. Details

The technical summary data is suggesting a short of CMDY if it tests 47.57 with a downside target of 46.61. We should have a stop loss in place at 47.68 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, 47.57, 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 Ishares Bloomberg Roll Select Commodity Strategy Etf (CMDY) available here: CMDY.

CMDY Ratings for July 30:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	46.61
P2	47.18	47.24	48.7
P3	47.39	47.57	50.76

AI Generated Signals for CMDY

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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 CMDY 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 CMDY 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 CMDY too.  All of these are offered below the Summary Table.