When Spdr S&p Midcap 400 ($MDY) Moves Investors should Listen
November 15, 2023, 09:45 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDY
- Buy MDY slightly over 463.70 target 487.23 stop loss @ 462.36 Details
The technical summary data tells us to buy MDY near 463.70 with an upside target of 487.23. This data also tells us to set a stop loss @ 462.36 to protect against excessive loss in case the stock begins to move against the trade. 463.70 is the first level of support below 464.88 , and by rule, any test of support is a buy signal. In this case, support 463.70 is being tested, a buy signal would exist.
- Short MDY slightly under 487.23, target 463.70, stop loss @ 488.64 Details
The technical summary data is suggesting a short of MDY as it gets near 487.23 with a downside target of 463.70. We should have a stop loss in place at 488.64though. 487.23 is the first level of resistance above 464.88, and by rule, any test of resistance is a short signal. In this case, if resistance 487.23 is being tested, a short signal would exist.
Swing Trading Plans for MDY
- Buy MDY slightly over 487.23, target n/a, Stop Loss @ 485.82 Details
If 487.23 begins to break higher, the technical summary data tells us to buy MDY just slightly over 487.23, with an upside target of n/a. The data also tells us to set a stop loss @ 485.82 in case the stock turns against the trade. 487.23 is the first level of resistance above 464.88, and by rule, any break above resistance is a buy signal. In this case, 487.23, 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 MDY slightly near 487.23, target 463.70, Stop Loss @ 488.64. Details
The technical summary data is suggesting a short of MDY if it tests 487.23 with a downside target of 463.70. We should have a stop loss in place at 488.64 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, 487.23, 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 MDY
- Buy MDY slightly over 487.23, target n/a, Stop Loss @ 486.09 Details
If 487.23 begins to break higher, the technical summary data tells us to buy MDY just slightly over 487.23, with an upside target of n/a. The data also tells us to set a stop loss @ 486.09 in case the stock turns against the trade. 487.23 is the first level of resistance above 464.88, and by rule, any break above resistance is a buy signal. In this case, 487.23, 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 MDY slightly near 487.23, target 463.70, Stop Loss @ 488.37. Details
The technical summary data is suggesting a short of MDY if it tests 487.23 with a downside target of 463.70. We should have a stop loss in place at 488.37 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, 487.23, 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 Midcap 400 (MDY) available here: MDY.
MDY Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
439.01 |
| P2 |
450.03 |
447.19 |
463.70 |
| P3 |
461.11 |
460.62 |
487.23 |
AI Generated Signals for MDY
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Spdr S&p Midcap 400 (NYSE: MDY) report below is a real world example. Included are trading plans for MDY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MDY:
pool ads
