How the (SFY) price action is used to our Advantage
January 11, 2024, 10:36 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SFY
- Buy SFY slightly over 16.54 target 17.13 stop loss @ 16.49 Details
The technical summary data tells us to buy SFY near 16.54 with an upside target of 17.13. This data also tells us to set a stop loss @ 16.49 to protect against excessive loss in case the stock begins to move against the trade. 16.54 is the first level of support below 16.9 , and by rule, any test of support is a buy signal. In this case, support 16.54 is being tested, a buy signal would exist.
- Short SFY slightly under 17.13, target 16.54, stop loss @ 17.18 Details
The technical summary data is suggesting a short of SFY as it gets near 17.13 with a downside target of 16.54. We should have a stop loss in place at 17.18though. 17.13 is the first level of resistance above 16.9, and by rule, any test of resistance is a short signal. In this case, if resistance 17.13 is being tested, a short signal would exist.
Swing Trading Plans for SFY
- Buy SFY slightly over 17.13, target n/a, Stop Loss @ 17.08 Details
If 17.13 begins to break higher, the technical summary data tells us to buy SFY just slightly over 17.13, with an upside target of n/a. The data also tells us to set a stop loss @ 17.08 in case the stock turns against the trade. 17.13 is the first level of resistance above 16.9, and by rule, any break above resistance is a buy signal. In this case, 17.13, 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 SFY slightly near 17.13, target 16.86, Stop Loss @ 17.18. Details
The technical summary data is suggesting a short of SFY if it tests 17.13 with a downside target of 16.86. We should have a stop loss in place at 17.18 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, 17.13, 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 SFY
- Buy SFY slightly over 17.13, target n/a, Stop Loss @ 17.09 Details
If 17.13 begins to break higher, the technical summary data tells us to buy SFY just slightly over 17.13, with an upside target of n/a. The data also tells us to set a stop loss @ 17.09 in case the stock turns against the trade. 17.13 is the first level of resistance above 16.9, and by rule, any break above resistance is a buy signal. In this case, 17.13, 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 SFY slightly near 17.13, target 16.61, Stop Loss @ 17.17. Details
The technical summary data is suggesting a short of SFY if it tests 17.13 with a downside target of 16.61. We should have a stop loss in place at 17.17 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, 17.13, 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 Sofi Select 500 Etf (SFY) available here: SFY.
SFY Ratings for January 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
15.89 |
| P2 |
16.98 |
16.61 |
16.54 |
| P3 |
0 |
16.86 |
17.13 |
AI Generated Signals for SFY
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 Sofi Select 500 Etf (NYSE: SFY) data table below can help you with price action, and we have more details too. Trading plans for SFY 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 SFY:
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