Where are the Opportunities in (VGT)

October 30, 2024, 12:48 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VGT

• Buy VGT near 596.6 target 627.77 stop loss @ 594.88 Details

The technical summary data tells us to buy VGT near 596.6 with an upside target of 627.77. This data also tells us to set a stop loss @ 594.88 to protect against excessive loss in case the stock begins to move against the trade. 596.6 is the first level of support below 605.83 , and by rule, any test of support is a buy signal. In this case, support 596.6 is being tested, a buy signal would exist.

• Short VGT slightly under 627.77, target 596.6, stop loss @ 629.58 Details

The technical summary data is suggesting a short of VGT as it gets near 627.77 with a downside target of 596.6. We should have a stop loss in place at 629.58though. 627.77 is the first level of resistance above 605.83, and by rule, any test of resistance is a short signal. In this case, if resistance 627.77 is being tested, a short signal would exist.

Swing Trading Plans for VGT

• Buy VGT slightly over 609.04, target 627.77, Stop Loss @ 607.28 Details

If 609.04 begins to break higher, the technical summary data tells us to buy VGT just slightly over 609.04, with an upside target of 627.77. The data also tells us to set a stop loss @ 607.28 in case the stock turns against the trade. 609.04 is the first level of resistance above 605.83, and by rule, any break above resistance is a buy signal. In this case, 609.04, 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 VGT slightly near 609.04, target 599.62, Stop Loss @ 610.8. Details

The technical summary data is suggesting a short of VGT if it tests 609.04 with a downside target of 599.62. We should have a stop loss in place at 610.8 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, 609.04, 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 VGT

• Buy VGT slightly over 606.03, target 609.04, Stop Loss @ 604.62 Details

If 606.03 begins to break higher, the technical summary data tells us to buy VGT just slightly over 606.03, with an upside target of 609.04. The data also tells us to set a stop loss @ 604.62 in case the stock turns against the trade. 606.03 is the first level of resistance above 605.83, and by rule, any break above resistance is a buy signal. In this case, 606.03, 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 VGT slightly near 606.03, target 599.62, Stop Loss @ 607.44. Details

The technical summary data is suggesting a short of VGT if it tests 606.03 with a downside target of 599.62. We should have a stop loss in place at 607.44 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, 606.03, 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 Vanguard Information Technology Etf (VGT) available here: VGT.

VGT Ratings for October 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	562.54
P2	606.03	599.62	596.6
P3	612.39	609.04	627.77

AI Generated Signals for VGT

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Vanguard Information Technology Etf (NYSE: VGT) while incorporating prudent risk controls.

Warning:

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