How the (GTR) price action is used to our Advantage
June 22, 2024, 02:36 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GTR
- Buy GTR slightly over 23.73 target 24.36 stop loss @ 23.66 Details
The technical summary data tells us to buy GTR near 23.73 with an upside target of 24.36. This data also tells us to set a stop loss @ 23.66 to protect against excessive loss in case the stock begins to move against the trade. 23.73 is the first level of support below 23.97 , and by rule, any test of support is a buy signal. In this case, support 23.73 is being tested, a buy signal would exist.
- Short GTR slightly under 24.36, target 23.73, stop loss @ 24.43 Details
The technical summary data is suggesting a short of GTR as it gets near 24.36 with a downside target of 23.73. We should have a stop loss in place at 24.43though. 24.36 is the first level of resistance above 23.97, and by rule, any test of resistance is a short signal. In this case, if resistance 24.36 is being tested, a short signal would exist.
Swing Trading Plans for GTR
- Buy GTR slightly over 24.08, target n/a, Stop Loss @ 24.01 Details
If 24.08 begins to break higher, the technical summary data tells us to buy GTR just slightly over 24.08, with an upside target of n/a. The data also tells us to set a stop loss @ 24.01 in case the stock turns against the trade. 24.08 is the first level of resistance above 23.97, and by rule, any break above resistance is a buy signal. In this case, 24.08, 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 GTR slightly near 24.08, target 23.73, Stop Loss @ 24.15. Details
The technical summary data is suggesting a short of GTR if it tests 24.08 with a downside target of 23.73. We should have a stop loss in place at 24.15 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, 24.08, 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 GTR
- Buy GTR slightly over 24.08, target 24.36, Stop Loss @ 24.02 Details
If 24.08 begins to break higher, the technical summary data tells us to buy GTR just slightly over 24.08, with an upside target of 24.36. The data also tells us to set a stop loss @ 24.02 in case the stock turns against the trade. 24.08 is the first level of resistance above 23.97, and by rule, any break above resistance is a buy signal. In this case, 24.08, 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 GTR slightly near 24.08, target 23.73, Stop Loss @ 24.14. Details
The technical summary data is suggesting a short of GTR if it tests 24.08 with a downside target of 23.73. We should have a stop loss in place at 24.14 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, 24.08, 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 Wisdomtree Target Range Fund (GTR) available here: GTR.
GTR Ratings for June 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
23.03 |
| P2 |
24.01 |
24.08 |
23.73 |
| P3 |
0 |
|
24.36 |
AI Generated Signals for GTR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Wisdomtree Target Range Fund (NYSE: GTR) data table below can help you with price action, and we have more details too. Trading plans for GTR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GTR:
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