(RSPT) Investment Analysis and Advice

November 04, 2024, 01:46 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RSPT

• Buy RSPT near 36.08 target 38.02 stop loss @ 35.98 Details

The technical summary data tells us to buy RSPT near 36.08 with an upside target of 38.02. This data also tells us to set a stop loss @ 35.98 to protect against excessive loss in case the stock begins to move against the trade. 36.08 is the first level of support below 36.76 , and by rule, any test of support is a buy signal. In this case, support 36.08 would be being tested, so a buy signal would exist.

• Short RSPT slightly under 38.02, target 36.08, stop loss @ 38.13 Details

The technical summary data is suggesting a short of RSPT as it gets near 38.02 with a downside target of 36.08. We should have a stop loss in place at 38.13though. 38.02 is the first level of resistance above 36.76, and by rule, any test of resistance is a short signal. In this case, if resistance 38.02 is being tested, so a short signal would exist.

Swing Trading Plans for RSPT

• Buy RSPT slightly over 37.42, target 38.02, Stop Loss @ 37.31 Details

If 37.42 begins to break higher, the technical summary data tells us to buy RSPT just slightly over 37.42, with an upside target of 38.02. The data also tells us to set a stop loss @ 37.31 in case the stock turns against the trade. 37.42 is the first level of resistance above 36.76, and by rule, any break above resistance is a buy signal. In this case, 37.42, 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 RSPT slightly near 37.42, target 36.6, Stop Loss @ 37.53. Details

The technical summary data is suggesting a short of RSPT if it tests 37.42 with a downside target of 36.6. We should have a stop loss in place at 37.53 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, 37.42, 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 RSPT

• Buy RSPT slightly over 36.9, target 37.42, Stop Loss @ 36.81 Details

If 36.9 begins to break higher, the technical summary data tells us to buy RSPT just slightly over 36.9, with an upside target of 37.42. The data also tells us to set a stop loss @ 36.81 in case the stock turns against the trade. 36.9 is the first level of resistance above 36.76, and by rule, any break above resistance is a buy signal. In this case, 36.9, 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 RSPT slightly near 36.9, target 36.6, Stop Loss @ 36.99. Details

The technical summary data is suggesting a short of RSPT if it tests 36.9 with a downside target of 36.6. We should have a stop loss in place at 36.99 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, 36.9, 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 Technology Etf (RSPT) available here: RSPT.

RSPT Ratings for November 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	36.08
P2	36.18	36.6	38.02
P3	36.9	37.42	39.85

AI Generated Signals for RSPT

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

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

Market Crash Leading Indicator

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

Prudent Investment Analysis requires observations of the support and resistance levels for Invesco S&p 500 Equal Weight Technology Etf (NASDAQ: RSPT) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RSPT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RSPT 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 RSPT too.  All of these are offered below the Summary Table.