Trading (TECS) With Integrated Risk Controls
December 21, 2024, 02:24 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TECS
- Buy TECS near 45.39 target 57.05 stop loss @ 45.26 Details
The technical summary data tells us to buy TECS near 45.39 with an upside target of 57.05. This data also tells us to set a stop loss @ 45.26 to protect against excessive loss in case the stock begins to move against the trade. 45.39 is the first level of support below 46.32 , and by rule, any test of support is a buy signal. In this case, support 45.39 is being tested, a buy signal would exist.
- Short TECS slightly under 57.05, target 45.39, stop loss @ 57.21 Details
The technical summary data is suggesting a short of TECS as it gets near 57.05 with a downside target of 45.39. We should have a stop loss in place at 57.21though. 57.05 is the first level of resistance above 46.32, and by rule, any test of resistance is a short signal. In this case, if resistance 57.05 is being tested, a short signal would exist.
Swing Trading Plans for TECS
- Buy TECS slightly over 47.01, target 57.05, Stop Loss @ 46.87 Details
If 47.01 begins to break higher, the technical summary data tells us to buy TECS just slightly over 47.01, with an upside target of 57.05. The data also tells us to set a stop loss @ 46.87 in case the stock turns against the trade. 47.01 is the first level of resistance above 46.32, and by rule, any break above resistance is a buy signal. In this case, 47.01, 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 TECS slightly near 47.01, target 45.39, Stop Loss @ 47.15. Details
The technical summary data is suggesting a short of TECS if it tests 47.01 with a downside target of 45.39. We should have a stop loss in place at 47.15 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, 47.01, 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 TECS
- Buy TECS slightly over 47.01, target 47.84, Stop Loss @ 46.9 Details
If 47.01 begins to break higher, the technical summary data tells us to buy TECS just slightly over 47.01, with an upside target of 47.84. The data also tells us to set a stop loss @ 46.9 in case the stock turns against the trade. 47.01 is the first level of resistance above 46.32, and by rule, any break above resistance is a buy signal. In this case, 47.01, 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 TECS slightly near 47.01, target 45.39, Stop Loss @ 47.12. Details
The technical summary data is suggesting a short of TECS if it tests 47.01 with a downside target of 45.39. We should have a stop loss in place at 47.12 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, 47.01, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Technology Bear -3x Shares (TECS) available here: TECS.
TECS Ratings for December 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
36.05 |
| P2 |
45.11 |
44.4 |
45.39 |
| P3 |
47.84 |
47.01 |
57.05 |
AI Generated Signals for TECS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TECS:
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