How the (MTUM) price action is used to our Advantage
January 08, 2025, 17:20 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MTUM
- Buy MTUM near 202.23 target 212.3 stop loss @ 201.65 Details
The technical summary data tells us to buy MTUM near 202.23 with an upside target of 212.3. This data also tells us to set a stop loss @ 201.65 to protect against excessive loss in case the stock begins to move against the trade. 202.23 is the first level of support below 209.78 , and by rule, any test of support is a buy signal. In this case, support 202.23 would be being tested, so a buy signal would exist.
- Short MTUM slightly under 212.3, target 202.23, stop loss @ 212.91 Details
The technical summary data is suggesting a short of MTUM as it gets near 212.3 with a downside target of 202.23. We should have a stop loss in place at 212.91though. 212.3 is the first level of resistance above 209.78, and by rule, any test of resistance is a short signal. In this case, if resistance 212.3 is being tested, so a short signal would exist.
Swing Trading Plans for MTUM
- Buy MTUM slightly over 212.3, target 212.54, Stop Loss @ 211.69 Details
If 212.3 begins to break higher, the technical summary data tells us to buy MTUM just slightly over 212.3, with an upside target of 212.54. The data also tells us to set a stop loss @ 211.69 in case the stock turns against the trade. 212.3 is the first level of resistance above 209.78, and by rule, any break above resistance is a buy signal. In this case, 212.3, 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 MTUM slightly near 212.3, target 208.07, Stop Loss @ 212.91. Details
The technical summary data is suggesting a short of MTUM if it tests 212.3 with a downside target of 208.07. We should have a stop loss in place at 212.91 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, 212.3, 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 MTUM
- Buy MTUM slightly over 210.02, target 212.3, Stop Loss @ 209.53 Details
If 210.02 begins to break higher, the technical summary data tells us to buy MTUM just slightly over 210.02, with an upside target of 212.3. The data also tells us to set a stop loss @ 209.53 in case the stock turns against the trade. 210.02 is the first level of resistance above 209.78, and by rule, any break above resistance is a buy signal. In this case, 210.02, 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 MTUM slightly near 210.02, target 208.07, Stop Loss @ 210.51. Details
The technical summary data is suggesting a short of MTUM if it tests 210.02 with a downside target of 208.07. We should have a stop loss in place at 210.51 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, 210.02, 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 Msci Usa Momentum Factor Etf (MTUM) available here: MTUM.
MTUM Ratings for January 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
202.23 |
| P2 |
210.02 |
208.07 |
212.3 |
| P3 |
213.22 |
212.54 |
220.62 |
AI Generated Signals for MTUM
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 Ishares Msci Usa Momentum Factor Etf (NASDAQ: MTUM) data table below can help you with price action, and we have more details too. Trading plans for MTUM 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 MTUM:
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