Learn to Evaluate (RSP) using the Charts
March 04, 2024, 20:08 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RSP
- Buy RSP slightly over 162.34 target n/a stop loss @ 161.87. Details
The technical summary data tells us to buy RSP near 162.34, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 161.87 to protect against excessive loss in case the stock begins to move against the trade. 162.34 is the first level of support below 164.23, and by rule, any test of support is a buy signal. In this case, if support 162.34 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for RSP
- Buy RSP slightly over 164.62, target n/a, Stop Loss @ 164.14 Details
If 164.62 begins to break higher, the technical summary data tells us to buy RSP just slightly over 164.62, with an upside target of n/a. The data also tells us to set a stop loss @ 164.14 in case the stock turns against the trade. 164.62 is the first level of resistance above 164.23, and by rule, any break above resistance is a buy signal. In this case, 164.62, 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 RSP slightly near 164.62, target 163.05, Stop Loss @ 165.1. Details
The technical summary data is suggesting a short of RSP if it tests 164.62 with a downside target of 163.05. We should have a stop loss in place at 165.1 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, 164.62, 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 RSP
- Buy RSP slightly over 164.8, target n/a, Stop Loss @ 164.42 Details
If 164.8 begins to break higher, the technical summary data tells us to buy RSP just slightly over 164.8, with an upside target of n/a. The data also tells us to set a stop loss @ 164.42 in case the stock turns against the trade. 164.8 is the first level of resistance above 164.23, and by rule, any break above resistance is a buy signal. In this case, 164.8, 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 RSP slightly near 164.8, target 164.17, Stop Loss @ 165.18. Details
The technical summary data is suggesting a short of RSP if it tests 164.8 with a downside target of 164.17. We should have a stop loss in place at 165.18 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, 164.8, 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 Equal Weight Etf (RSP) available here: RSP.
RSP Ratings for March 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
148.71 |
| P2 |
164.17 |
163.05 |
155.85 |
| P3 |
164.8 |
164.62 |
162.34 |
AI Generated Signals for RSP
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
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 Invesco S&p 500 Equal Weight Etf (NYSE: RSP) report below can help you understand how to do this. The trading plans for RSP, 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.
Fundamental Charts for RSP:
pool ads
