Learn to Evaluate (XAR) using the Charts

November 05, 2024, 07:18 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XAR

• Buy XAR near 150.29 target 156.33 stop loss @ 149.86 Details

The technical summary data tells us to buy XAR near 150.29 with an upside target of 156.33. This data also tells us to set a stop loss @ 149.86 to protect against excessive loss in case the stock begins to move against the trade. 150.29 is the first level of support below 152 , and by rule, any test of support is a buy signal. In this case, support 150.29 would be being tested, so a buy signal would exist.

• Short XAR slightly under 156.33, target 150.29, stop loss @ 156.78 Details

The technical summary data is suggesting a short of XAR as it gets near 156.33 with a downside target of 150.29. We should have a stop loss in place at 156.78though. 156.33 is the first level of resistance above 152, and by rule, any test of resistance is a short signal. In this case, if resistance 156.33 is being tested, so a short signal would exist.

Swing Trading Plans for XAR

• Buy XAR slightly over 153.64, target 156.37, Stop Loss @ 153.2 Details

If 153.64 begins to break higher, the technical summary data tells us to buy XAR just slightly over 153.64, with an upside target of 156.37. The data also tells us to set a stop loss @ 153.2 in case the stock turns against the trade. 153.64 is the first level of resistance above 152, and by rule, any break above resistance is a buy signal. In this case, 153.64, 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 XAR slightly near 153.64, target 150.29, Stop Loss @ 154.08. Details

The technical summary data is suggesting a short of XAR if it tests 153.64 with a downside target of 150.29. We should have a stop loss in place at 154.08 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, 153.64, 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 XAR

• Buy XAR slightly over 152.78, target 153.64, Stop Loss @ 152.42 Details

If 152.78 begins to break higher, the technical summary data tells us to buy XAR just slightly over 152.78, with an upside target of 153.64. The data also tells us to set a stop loss @ 152.42 in case the stock turns against the trade. 152.78 is the first level of resistance above 152, and by rule, any break above resistance is a buy signal. In this case, 152.78, 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 XAR slightly near 152.78, target 150.29, Stop Loss @ 153.14. Details

The technical summary data is suggesting a short of XAR if it tests 152.78 with a downside target of 150.29. We should have a stop loss in place at 153.14 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, 152.78, 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 Aerospace & Defense Etf (XAR) available here: XAR.

XAR Ratings for November 05:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	150.29
P2	152.78	153.64	156.33
P3	155.61	156.37	162.13

AI Generated Signals for XAR

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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  Spdr S&p Aerospace & Defense Etf (NYSE: XAR) report below can help you understand how to do this. The trading plans for XAR, 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.