Learn to Evaluate (FDN) using the Charts
May 01, 2024, 04:06 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDN
- Buy FDN slightly over 189.63 target 202.11 stop loss @ 189.08 Details
The technical summary data tells us to buy FDN near 189.63 with an upside target of 202.11. This data also tells us to set a stop loss @ 189.08 to protect against excessive loss in case the stock begins to move against the trade. 189.63 is the first level of support below 195.13 , and by rule, any test of support is a buy signal. In this case, support 189.63 would be being tested, so a buy signal would exist.
- Short FDN slightly under 202.11, target 189.63, stop loss @ 202.69 Details
The technical summary data is suggesting a short of FDN as it gets near 202.11 with a downside target of 189.63. We should have a stop loss in place at 202.69though. 202.11 is the first level of resistance above 195.13, and by rule, any test of resistance is a short signal. In this case, if resistance 202.11 is being tested, so a short signal would exist.
Swing Trading Plans for FDN
- Buy FDN slightly over 199.72, target 202.11, Stop Loss @ 199.14 Details
If 199.72 begins to break higher, the technical summary data tells us to buy FDN just slightly over 199.72, with an upside target of 202.11. The data also tells us to set a stop loss @ 199.14 in case the stock turns against the trade. 199.72 is the first level of resistance above 195.13, and by rule, any break above resistance is a buy signal. In this case, 199.72, 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 FDN slightly near 199.72, target 194.27, Stop Loss @ 200.3. Details
The technical summary data is suggesting a short of FDN if it tests 199.72 with a downside target of 194.27. We should have a stop loss in place at 200.3 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, 199.72, 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 FDN
- Buy FDN slightly over 196.48, target 199.72, Stop Loss @ 196.02 Details
If 196.48 begins to break higher, the technical summary data tells us to buy FDN just slightly over 196.48, with an upside target of 199.72. The data also tells us to set a stop loss @ 196.02 in case the stock turns against the trade. 196.48 is the first level of resistance above 195.13, and by rule, any break above resistance is a buy signal. In this case, 196.48, 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 FDN slightly near 196.48, target 194.27, Stop Loss @ 196.94. Details
The technical summary data is suggesting a short of FDN if it tests 196.48 with a downside target of 194.27. We should have a stop loss in place at 196.94 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, 196.48, 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 Dow Jones Internet Index Fund (FDN) available here: FDN.
FDN Ratings for May 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
189.63 |
| P2 |
196.48 |
194.27 |
202.11 |
| P3 |
201.06 |
199.72 |
214.32 |
AI Generated Signals for FDN
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The First Trust Dow Jones Internet Index Fund (NYSE: FDN) report below can help you understand how to do this. The trading plans for FDN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FDN:
pool ads
