Trading (RWJ) With Integrated Risk Controls
December 16, 2024, 22:38 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RWJ
- Buy RWJ near 46.67 target 49.12 stop loss @ 46.54 Details
The technical summary data tells us to buy RWJ near 46.67 with an upside target of 49.12. This data also tells us to set a stop loss @ 46.54 to protect against excessive loss in case the stock begins to move against the trade. 46.67 is the first level of support below 48.19 , and by rule, any test of support is a buy signal. In this case, support 46.67 is being tested, a buy signal would exist.
- Short RWJ slightly under 49.12, target 46.67, stop loss @ 49.26 Details
The technical summary data is suggesting a short of RWJ as it gets near 49.12 with a downside target of 46.67. We should have a stop loss in place at 49.26though. 49.12 is the first level of resistance above 48.19, and by rule, any test of resistance is a short signal. In this case, if resistance 49.12 is being tested, a short signal would exist.
Swing Trading Plans for RWJ
- Buy RWJ slightly over 48.79, target 49.12, Stop Loss @ 48.65 Details
If 48.79 begins to break higher, the technical summary data tells us to buy RWJ just slightly over 48.79, with an upside target of 49.12. The data also tells us to set a stop loss @ 48.65 in case the stock turns against the trade. 48.79 is the first level of resistance above 48.19, and by rule, any break above resistance is a buy signal. In this case, 48.79, 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 RWJ slightly near 48.79, target 48.1, Stop Loss @ 48.93. Details
The technical summary data is suggesting a short of RWJ if it tests 48.79 with a downside target of 48.1. We should have a stop loss in place at 48.93 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, 48.79, 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 RWJ
- Buy RWJ slightly over 48.38, target 48.79, Stop Loss @ 48.27 Details
If 48.38 begins to break higher, the technical summary data tells us to buy RWJ just slightly over 48.38, with an upside target of 48.79. The data also tells us to set a stop loss @ 48.27 in case the stock turns against the trade. 48.38 is the first level of resistance above 48.19, and by rule, any break above resistance is a buy signal. In this case, 48.38, 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 RWJ slightly near 48.38, target 48.1, Stop Loss @ 48.49. Details
The technical summary data is suggesting a short of RWJ if it tests 48.38 with a downside target of 48.1. We should have a stop loss in place at 48.49 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, 48.38, 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 Smallcap 600 Revenue Etf (RWJ) available here: RWJ.
RWJ Ratings for December 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
44.12 |
| P2 |
47.93 |
48.1 |
46.67 |
| P3 |
48.38 |
48.79 |
49.12 |
AI Generated Signals for RWJ
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco S&p Smallcap 600 Revenue Etf (NYSE: RWJ) report below can help you, but we have more details too. The trading plans for RWJ, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for RWJ:
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