(RSPU) Pivots Trading Plans and Risk Controls

November 14, 2024, 21:18 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RSPU

• Buy RSPU near 64.49 target 67.32 stop loss @ 64.3 Details

The technical summary data tells us to buy RSPU near 64.49 with an upside target of 67.32. This data also tells us to set a stop loss @ 64.3 to protect against excessive loss in case the stock begins to move against the trade. 64.49 is the first level of support below 67.31 , and by rule, any test of support is a buy signal. In this case, support 64.49 would be being tested, so a buy signal would exist.

• Short RSPU slightly under 67.32, target 64.49, stop loss @ 67.51 Details

The technical summary data is suggesting a short of RSPU as it gets near 67.32 with a downside target of 64.49. We should have a stop loss in place at 67.51though. 67.32 is the first level of resistance above 67.31, and by rule, any test of resistance is a short signal. In this case, if resistance 67.32 is being tested, so a short signal would exist.

Swing Trading Plans for RSPU

• Buy RSPU slightly over 67.32, target 68.69, Stop Loss @ 67.13 Details

If 67.32 begins to break higher, the technical summary data tells us to buy RSPU just slightly over 67.32, with an upside target of 68.69. The data also tells us to set a stop loss @ 67.13 in case the stock turns against the trade. 67.32 is the first level of resistance above 67.31, and by rule, any break above resistance is a buy signal. In this case, 67.32, 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 RSPU slightly near 67.32, target 66.98, Stop Loss @ 67.51. Details

The technical summary data is suggesting a short of RSPU if it tests 67.32 with a downside target of 66.98. We should have a stop loss in place at 67.51 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, 67.32, 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 RSPU

• Buy RSPU slightly over 67.47, target 68.13, Stop Loss @ 67.31 Details

If 67.47 begins to break higher, the technical summary data tells us to buy RSPU just slightly over 67.47, with an upside target of 68.13. The data also tells us to set a stop loss @ 67.31 in case the stock turns against the trade. 67.47 is the first level of resistance above 67.31, and by rule, any break above resistance is a buy signal. In this case, 67.47, 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 RSPU slightly near 67.47, target 66.98, Stop Loss @ 67.63. Details

The technical summary data is suggesting a short of RSPU if it tests 67.47 with a downside target of 66.98. We should have a stop loss in place at 67.63 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, 67.47, 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 Invesco S&p 500 Equal Weight Utilities Etf (RSPU) available here: RSPU.

RSPU Ratings for November 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	64.49
P2	67.47	66.98	67.32
P3	68.13	68.69	70.17

AI Generated Signals for RSPU

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This Invesco S&p 500 Equal Weight Utilities Etf (NASDAQ: RSPU) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RSPU 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 RSPU 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 RSPU too.  All of these are offered below the Summary Table.