Learn to Evaluate (FTA) using the Charts

September 30, 2024, 07:50 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FTA

• Buy FTA near 78.17 target 80.76 stop loss @ 77.94 Details

The technical summary data tells us to buy FTA near 78.17 with an upside target of 80.76. This data also tells us to set a stop loss @ 77.94 to protect against excessive loss in case the stock begins to move against the trade. 78.17 is the first level of support below 78.91 , and by rule, any test of support is a buy signal. In this case, support 78.17 is being tested, a buy signal would exist.

• Short FTA slightly under 80.76, target 78.17, stop loss @ 80.99 Details

The technical summary data is suggesting a short of FTA as it gets near 80.76 with a downside target of 78.17. We should have a stop loss in place at 80.99though. 80.76 is the first level of resistance above 78.91, and by rule, any test of resistance is a short signal. In this case, if resistance 80.76 is being tested, a short signal would exist.

Swing Trading Plans for FTA

• Buy FTA slightly over 79.62, target 80.76, Stop Loss @ 79.39 Details

If 79.62 begins to break higher, the technical summary data tells us to buy FTA just slightly over 79.62, with an upside target of 80.76. The data also tells us to set a stop loss @ 79.39 in case the stock turns against the trade. 79.62 is the first level of resistance above 78.91, and by rule, any break above resistance is a buy signal. In this case, 79.62, 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 FTA slightly near 79.62, target 78.52, Stop Loss @ 79.85. Details

The technical summary data is suggesting a short of FTA if it tests 79.62 with a downside target of 78.52. We should have a stop loss in place at 79.85 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, 79.62, 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 FTA

• Buy FTA slightly over 79.04, target 79.62, Stop Loss @ 78.86 Details

If 79.04 begins to break higher, the technical summary data tells us to buy FTA just slightly over 79.04, with an upside target of 79.62. The data also tells us to set a stop loss @ 78.86 in case the stock turns against the trade. 79.04 is the first level of resistance above 78.91, and by rule, any break above resistance is a buy signal. In this case, 79.04, 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 FTA slightly near 79.04, target 78.52, Stop Loss @ 79.22. Details

The technical summary data is suggesting a short of FTA if it tests 79.04 with a downside target of 78.52. We should have a stop loss in place at 79.22 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, 79.04, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  First Tr L Cap Val (FTA) available here: FTA.

FTA Ratings for September 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	75.39
P2	78.34	78.52	78.17
P3	79.04	79.62	80.76

AI Generated Signals for FTA

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  First Tr L Cap Val (NYSE: FTA) report below can help you understand how to do this. The trading plans for FTA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.