When the Price of (FDN) Talks, People Listen
April 01, 2024, 13:36 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDN
- Buy FDN slightly over 197.27 target 209.23 stop loss @ 196.7 Details
The technical summary data tells us to buy FDN near 197.27 with an upside target of 209.23. This data also tells us to set a stop loss @ 196.7 to protect against excessive loss in case the stock begins to move against the trade. 197.27 is the first level of support below 205.45 , and by rule, any test of support is a buy signal. In this case, support 197.27 is being tested, a buy signal would exist.
- Short FDN slightly under 209.23, target 197.27, stop loss @ 209.83 Details
The technical summary data is suggesting a short of FDN as it gets near 209.23 with a downside target of 197.27. We should have a stop loss in place at 209.83though. 209.23 is the first level of resistance above 205.45, and by rule, any test of resistance is a short signal. In this case, if resistance 209.23 is being tested, a short signal would exist.
Swing Trading Plans for FDN
- Buy FDN slightly over 208.8, target 209.23, Stop Loss @ 208.2 Details
If 208.8 begins to break higher, the technical summary data tells us to buy FDN just slightly over 208.8, with an upside target of 209.23. The data also tells us to set a stop loss @ 208.2 in case the stock turns against the trade. 208.8 is the first level of resistance above 205.45, and by rule, any break above resistance is a buy signal. In this case, 208.8, 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 FDN slightly near 208.8, target 204.95, Stop Loss @ 209.4. Details
The technical summary data is suggesting a short of FDN if it tests 208.8 with a downside target of 204.95. We should have a stop loss in place at 209.4 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, 208.8, 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.
Day Trading Plans for FDN
- Buy FDN slightly over 206.36, target 208.8, Stop Loss @ 205.88 Details
If 206.36 begins to break higher, the technical summary data tells us to buy FDN just slightly over 206.36, with an upside target of 208.8. The data also tells us to set a stop loss @ 205.88 in case the stock turns against the trade. 206.36 is the first level of resistance above 205.45, and by rule, any break above resistance is a buy signal. In this case, 206.36, 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 FDN slightly near 206.36, target 204.95, Stop Loss @ 206.84. Details
The technical summary data is suggesting a short of FDN if it tests 206.36 with a downside target of 204.95. We should have a stop loss in place at 206.84 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, 206.36, 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 First Trust Dow Jones Internet Index Fund (FDN) available here: FDN.
FDN Ratings for April 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
185.14 |
| P2 |
204.48 |
204.95 |
197.27 |
| P3 |
206.36 |
208.8 |
209.23 |
AI Generated Signals for FDN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of First Trust Dow Jones Internet Index Fund (NYSE: FDN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for FDN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FDN:
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