Trading (NDAQ) With Integrated Risk Controls
March 03, 2024, 20:04 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NDAQ
- Buy NDAQ slightly over 54.59 target 58.36 stop loss @ 54.43 Details
The technical summary data tells us to buy NDAQ near 54.59 with an upside target of 58.36. This data also tells us to set a stop loss @ 54.43 to protect against excessive loss in case the stock begins to move against the trade. 54.59 is the first level of support below 56.53 , and by rule, any test of support is a buy signal. In this case, support 54.59 is being tested, a buy signal would exist.
- Short NDAQ slightly under 58.36, target 54.59, stop loss @ 58.53 Details
The technical summary data is suggesting a short of NDAQ as it gets near 58.36 with a downside target of 54.59. We should have a stop loss in place at 58.53though. 58.36 is the first level of resistance above 56.53, and by rule, any test of resistance is a short signal. In this case, if resistance 58.36 is being tested, a short signal would exist.
Swing Trading Plans for NDAQ
- Buy NDAQ slightly over 57.01, target 58.36, Stop Loss @ 56.85 Details
If 57.01 begins to break higher, the technical summary data tells us to buy NDAQ just slightly over 57.01, with an upside target of 58.36. The data also tells us to set a stop loss @ 56.85 in case the stock turns against the trade. 57.01 is the first level of resistance above 56.53, and by rule, any break above resistance is a buy signal. In this case, 57.01, 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 NDAQ slightly near 57.01, target 56.18, Stop Loss @ 57.17. Details
The technical summary data is suggesting a short of NDAQ if it tests 57.01 with a downside target of 56.18. We should have a stop loss in place at 57.17 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, 57.01, 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 NDAQ
- Buy NDAQ slightly over 56.61, target 57.01, Stop Loss @ 56.48 Details
If 56.61 begins to break higher, the technical summary data tells us to buy NDAQ just slightly over 56.61, with an upside target of 57.01. The data also tells us to set a stop loss @ 56.48 in case the stock turns against the trade. 56.61 is the first level of resistance above 56.53, and by rule, any break above resistance is a buy signal. In this case, 56.61, 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 NDAQ slightly near 56.61, target 56.18, Stop Loss @ 56.74. Details
The technical summary data is suggesting a short of NDAQ if it tests 56.61 with a downside target of 56.18. We should have a stop loss in place at 56.74 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, 56.61, 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 Nasdaq Inc. (NDAQ) available here: NDAQ.
NDAQ Ratings for March 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
50.88 |
| P2 |
56.1 |
56.18 |
54.59 |
| P3 |
56.61 |
57.01 |
58.36 |
AI Generated Signals for NDAQ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for NDAQ:
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