Trading (FXZ) With Integrated Risk Controls
November 12, 2024, 13:44 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXZ
- Buy FXZ near 62.38 target 65.74 stop loss @ 62.2 Details
The technical summary data tells us to buy FXZ near 62.38 with an upside target of 65.74. This data also tells us to set a stop loss @ 62.2 to protect against excessive loss in case the stock begins to move against the trade. 62.38 is the first level of support below 64.08 , and by rule, any test of support is a buy signal. In this case, support 62.38 would be being tested, so a buy signal would exist.
- Short FXZ slightly under 65.74, target 62.38, stop loss @ 65.93 Details
The technical summary data is suggesting a short of FXZ as it gets near 65.74 with a downside target of 62.38. We should have a stop loss in place at 65.93though. 65.74 is the first level of resistance above 64.08, and by rule, any test of resistance is a short signal. In this case, if resistance 65.74 is being tested, so a short signal would exist.
Swing Trading Plans for FXZ
- Buy FXZ slightly over 65.74, target 66.96, Stop Loss @ 65.55 Details
If 65.74 begins to break higher, the technical summary data tells us to buy FXZ just slightly over 65.74, with an upside target of 66.96. The data also tells us to set a stop loss @ 65.55 in case the stock turns against the trade. 65.74 is the first level of resistance above 64.08, and by rule, any break above resistance is a buy signal. In this case, 65.74, 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 FXZ slightly near 65.74, target 62.38, Stop Loss @ 65.93. Details
The technical summary data is suggesting a short of FXZ if it tests 65.74 with a downside target of 62.38. We should have a stop loss in place at 65.93 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, 65.74, 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 FXZ
- Buy FXZ slightly over 65.74, target 66.96, Stop Loss @ 65.59 Details
If 65.74 begins to break higher, the technical summary data tells us to buy FXZ just slightly over 65.74, with an upside target of 66.96. The data also tells us to set a stop loss @ 65.59 in case the stock turns against the trade. 65.74 is the first level of resistance above 64.08, and by rule, any break above resistance is a buy signal. In this case, 65.74, 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 FXZ slightly near 65.74, target 62.38, Stop Loss @ 65.89. Details
The technical summary data is suggesting a short of FXZ if it tests 65.74 with a downside target of 62.38. We should have a stop loss in place at 65.89 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, 65.74, 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 First Trust Materials Alphadex Fund (FXZ) available here: FXZ.
FXZ Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
62.38 |
| P2 |
65.53 |
65.6 |
65.74 |
| P3 |
67.29 |
66.96 |
68.98 |
AI Generated Signals for FXZ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FXZ:
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