How the (^RUT) price action is used to our Advantage
November 18, 2024, 17:12 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ^RUT
- Buy ^RUT near 2245.99 target 2357.53 stop loss @ 2239.5 Details
The technical summary data tells us to buy ^RUT near 2245.99 with an upside target of 2357.53. This data also tells us to set a stop loss @ 2239.5 to protect against excessive loss in case the stock begins to move against the trade. 2245.99 is the first level of support below 2306.34 , and by rule, any test of support is a buy signal. In this case, support 2245.99 is being tested, a buy signal would exist.
- Short ^RUT slightly under 2357.53, target 2245.99, stop loss @ 2364.34 Details
The technical summary data is suggesting a short of ^RUT as it gets near 2357.53 with a downside target of 2245.99. We should have a stop loss in place at 2364.34though. 2357.53 is the first level of resistance above 2306.34, and by rule, any test of resistance is a short signal. In this case, if resistance 2357.53 is being tested, a short signal would exist.
Swing Trading Plans for ^RUT
- Buy ^RUT slightly over 2356.95, target 2357.53, Stop Loss @ 2350.14 Details
If 2356.95 begins to break higher, the technical summary data tells us to buy ^RUT just slightly over 2356.95, with an upside target of 2357.53. The data also tells us to set a stop loss @ 2350.14 in case the stock turns against the trade. 2356.95 is the first level of resistance above 2306.34, and by rule, any break above resistance is a buy signal. In this case, 2356.95, 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 ^RUT slightly near 2356.95, target 2245.99, Stop Loss @ 2363.76. Details
The technical summary data is suggesting a short of ^RUT if it tests 2356.95 with a downside target of 2245.99. We should have a stop loss in place at 2363.76 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, 2356.95, 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 ^RUT
- Buy ^RUT slightly over 2318.4, target 2356.95, Stop Loss @ 2312.99 Details
If 2318.4 begins to break higher, the technical summary data tells us to buy ^RUT just slightly over 2318.4, with an upside target of 2356.95. The data also tells us to set a stop loss @ 2312.99 in case the stock turns against the trade. 2318.4 is the first level of resistance above 2306.34, and by rule, any break above resistance is a buy signal. In this case, 2318.4, 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 ^RUT slightly near 2318.4, target 2291.38, Stop Loss @ 2323.81. Details
The technical summary data is suggesting a short of ^RUT if it tests 2318.4 with a downside target of 2291.38. We should have a stop loss in place at 2323.81 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, 2318.4, 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 Russell 2000 (^RUT) available here: ^RUT.
^RUT Ratings for November 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
2143.51 |
| P2 |
2291.38 |
2356.95 |
2245.99 |
| P3 |
2318.4 |
2484 |
2357.53 |
AI Generated Signals for ^RUT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Russell 2000 (NASDAQ: ^RUT) data table below can help you with price action, and we have more details too. Trading plans for ^RUT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ^RUT:
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