When Spdr S&p Regional Banking Etf ($KRE) Moves Investors should Listen
October 08, 2023, 01:45 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KRE
- Buy KRE slightly over 38.09 target 44.65 stop loss @ 37.98 Details
The technical summary data tells us to buy KRE near 38.09 with an upside target of 44.65. This data also tells us to set a stop loss @ 37.98 to protect against excessive loss in case the stock begins to move against the trade. 38.09 is the first level of support below 41.09 , and by rule, any test of support is a buy signal. In this case, support 38.09 is being tested, a buy signal would exist.
- Short KRE slightly under 44.65, target 38.09, stop loss @ 44.78 Details
The technical summary data is suggesting a short of KRE as it gets near 44.65 with a downside target of 38.09. We should have a stop loss in place at 44.78though. 44.65 is the first level of resistance above 41.09, and by rule, any test of resistance is a short signal. In this case, if resistance 44.65 is being tested, a short signal would exist.
Swing Trading Plans for KRE
- Buy KRE slightly over 44.65, target n/a, Stop Loss @ 44.52 Details
If 44.65 begins to break higher, the technical summary data tells us to buy KRE just slightly over 44.65, with an upside target of n/a. The data also tells us to set a stop loss @ 44.52 in case the stock turns against the trade. 44.65 is the first level of resistance above 41.09, and by rule, any break above resistance is a buy signal. In this case, 44.65, 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 KRE slightly near 44.65, target 40.92, Stop Loss @ 44.78. Details
The technical summary data is suggesting a short of KRE if it tests 44.65 with a downside target of 40.92. We should have a stop loss in place at 44.78 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, 44.65, 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 KRE
- Buy KRE slightly over 44.65, target n/a, Stop Loss @ 44.55 Details
If 44.65 begins to break higher, the technical summary data tells us to buy KRE just slightly over 44.65, with an upside target of n/a. The data also tells us to set a stop loss @ 44.55 in case the stock turns against the trade. 44.65 is the first level of resistance above 41.09, and by rule, any break above resistance is a buy signal. In this case, 44.65, 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 KRE slightly near 44.65, target 40.92, Stop Loss @ 44.75. Details
The technical summary data is suggesting a short of KRE if it tests 44.65 with a downside target of 40.92. We should have a stop loss in place at 44.75 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, 44.65, 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 Spdr S&p Regional Banking Etf (KRE) available here: KRE.
KRE Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
31.06 |
| P2 |
39.35 |
39.56 |
38.09 |
| P3 |
40.76 |
40.92 |
44.65 |
AI Generated Signals for KRE
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Spdr S&p Regional Banking Etf (NYSE: KRE) report below is a real world example. Included are trading plans for KRE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KRE:
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