(DEEP) Trading Signals

October 16, 2024, 02:48 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DEEP

• Buy DEEP near 34.14 target 35.9 stop loss @ 34.04 Details

The technical summary data tells us to buy DEEP near 34.14 with an upside target of 35.9. This data also tells us to set a stop loss @ 34.04 to protect against excessive loss in case the stock begins to move against the trade. 34.14 is the first level of support below 35.5229 , and by rule, any test of support is a buy signal. In this case, support 34.14 would be being tested, so a buy signal would exist.

• Short DEEP slightly under 35.9, target 34.14, stop loss @ 36 Details

The technical summary data is suggesting a short of DEEP as it gets near 35.9 with a downside target of 34.14. We should have a stop loss in place at 36though. 35.9 is the first level of resistance above 35.5229, and by rule, any test of resistance is a short signal. In this case, if resistance 35.9 is being tested, so a short signal would exist.

Swing Trading Plans for DEEP

• Buy DEEP slightly over 35.9, target 37.7, Stop Loss @ 35.8 Details

If 35.9 begins to break higher, the technical summary data tells us to buy DEEP just slightly over 35.9, with an upside target of 37.7. The data also tells us to set a stop loss @ 35.8 in case the stock turns against the trade. 35.9 is the first level of resistance above 35.5229, and by rule, any break above resistance is a buy signal. In this case, 35.9, 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 DEEP slightly near 35.9, target 35.52, Stop Loss @ 36. Details

The technical summary data is suggesting a short of DEEP if it tests 35.9 with a downside target of 35.52. We should have a stop loss in place at 36 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, 35.9, 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 DEEP

• Buy DEEP slightly over 35.9, target 37.7, Stop Loss @ 35.82 Details

If 35.9 begins to break higher, the technical summary data tells us to buy DEEP just slightly over 35.9, with an upside target of 37.7. The data also tells us to set a stop loss @ 35.82 in case the stock turns against the trade. 35.9 is the first level of resistance above 35.5229, and by rule, any break above resistance is a buy signal. In this case, 35.9, 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 DEEP slightly near 35.9, target 35.52, Stop Loss @ 35.98. Details

The technical summary data is suggesting a short of DEEP if it tests 35.9 with a downside target of 35.52. We should have a stop loss in place at 35.98 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, 35.9, 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 Roundhill Acquirers Deep Value Etf (DEEP) available here: DEEP.

DEEP Ratings for October 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	34.14
P2	35.42	34.99	35.9
P3	35.81	35.52	37.7

AI Generated Signals for DEEP

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Trading Roundhill Acquirers Deep Value Etf (NASDAQ: DEEP) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DEEP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DEEP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DEEP too.  All of these are offered below the Summary Table.