When (SPGP) Moves Investors should Listen
April 24, 2024, 17:42 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPGP
- Buy SPGP slightly over 98.01 target 101.99 stop loss @ 97.73 Details
The technical summary data tells us to buy SPGP near 98.01 with an upside target of 101.99. This data also tells us to set a stop loss @ 97.73 to protect against excessive loss in case the stock begins to move against the trade. 98.01 is the first level of support below 101.46 , and by rule, any test of support is a buy signal. In this case, support 98.01 would be being tested, so a buy signal would exist.
- Short SPGP slightly under 101.99, target 98.01, stop loss @ 102.28 Details
The technical summary data is suggesting a short of SPGP as it gets near 101.99 with a downside target of 98.01. We should have a stop loss in place at 102.28though. 101.99 is the first level of resistance above 101.46, and by rule, any test of resistance is a short signal. In this case, if resistance 101.99 is being tested, so a short signal would exist.
Swing Trading Plans for SPGP
- Buy SPGP slightly over 101.99, target 105.92, Stop Loss @ 101.7 Details
If 101.99 begins to break higher, the technical summary data tells us to buy SPGP just slightly over 101.99, with an upside target of 105.92. The data also tells us to set a stop loss @ 101.7 in case the stock turns against the trade. 101.99 is the first level of resistance above 101.46, and by rule, any break above resistance is a buy signal. In this case, 101.99, 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 SPGP slightly near 101.99, target 100.83, Stop Loss @ 102.28. Details
The technical summary data is suggesting a short of SPGP if it tests 101.99 with a downside target of 100.83. We should have a stop loss in place at 102.28 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, 101.99, 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 SPGP
- Buy SPGP slightly over 101.99, target 105.92, Stop Loss @ 101.75 Details
If 101.99 begins to break higher, the technical summary data tells us to buy SPGP just slightly over 101.99, with an upside target of 105.92. The data also tells us to set a stop loss @ 101.75 in case the stock turns against the trade. 101.99 is the first level of resistance above 101.46, and by rule, any break above resistance is a buy signal. In this case, 101.99, 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 SPGP slightly near 101.99, target 101.11, Stop Loss @ 102.23. Details
The technical summary data is suggesting a short of SPGP if it tests 101.99 with a downside target of 101.11. We should have a stop loss in place at 102.23 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, 101.99, 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 Invesco S&p 500 Garp Etf (SPGP) available here: SPGP.
SPGP Ratings for April 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
98.01 |
| P2 |
101.11 |
98.62 |
101.99 |
| P3 |
101.97 |
100.83 |
105.92 |
AI Generated Signals for SPGP
Blue = Current Price
Red= Resistance
Green = Support
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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 Invesco S&p 500 Garp Etf (NASDAQ: SPGP) report below is a real world example. Included are trading plans for SPGP, 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 SPGP:
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