(KXI) Long Term Investment Analysis

June 01, 2024, 07:10 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KXI

• Buy KXI slightly over 59.89 target 62.16 stop loss @ 59.72 Details

The technical summary data tells us to buy KXI near 59.89 with an upside target of 62.16. This data also tells us to set a stop loss @ 59.72 to protect against excessive loss in case the stock begins to move against the trade. 59.89 is the first level of support below 61.86 , and by rule, any test of support is a buy signal. In this case, support 59.89 is being tested, a buy signal would exist.

• Short KXI slightly under 62.16, target 59.89, stop loss @ 62.34 Details

The technical summary data is suggesting a short of KXI as it gets near 62.16 with a downside target of 59.89. We should have a stop loss in place at 62.34though. 62.16 is the first level of resistance above 61.86, and by rule, any test of resistance is a short signal. In this case, if resistance 62.16 is being tested, a short signal would exist.

Swing Trading Plans for KXI

• Buy KXI slightly over 62.16, target n/a, Stop Loss @ 61.98 Details

If 62.16 begins to break higher, the technical summary data tells us to buy KXI just slightly over 62.16, with an upside target of n/a. The data also tells us to set a stop loss @ 61.98 in case the stock turns against the trade. 62.16 is the first level of resistance above 61.86, and by rule, any break above resistance is a buy signal. In this case, 62.16, 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 KXI slightly near 62.16, target 61.23, Stop Loss @ 62.34. Details

The technical summary data is suggesting a short of KXI if it tests 62.16 with a downside target of 61.23. We should have a stop loss in place at 62.34 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, 62.16, 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 KXI

• Buy KXI slightly over 62.16, target n/a, Stop Loss @ 62.01 Details

If 62.16 begins to break higher, the technical summary data tells us to buy KXI just slightly over 62.16, with an upside target of n/a. The data also tells us to set a stop loss @ 62.01 in case the stock turns against the trade. 62.16 is the first level of resistance above 61.86, and by rule, any break above resistance is a buy signal. In this case, 62.16, 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 KXI slightly near 62.16, target 61.23, Stop Loss @ 62.31. Details

The technical summary data is suggesting a short of KXI if it tests 62.16 with a downside target of 61.23. We should have a stop loss in place at 62.31 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, 62.16, 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 Ishares Global Consumer Staples Etf (KXI) available here: KXI.

KXI Ratings for June 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	57.52
P2	60.54	60.49	59.89
P3	61.22	61.23	62.16

AI Generated Signals for KXI

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Technically, Ishares Global Consumer Staples Etf (NYSE: KXI) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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