Trading (XSW) With Integrated Risk Controls

March 16, 2024, 20:36 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XSW

• Buy XSW slightly over 149.45 target 159.14 stop loss @ 149.02 Details

The technical summary data tells us to buy XSW near 149.45 with an upside target of 159.14. This data also tells us to set a stop loss @ 149.02 to protect against excessive loss in case the stock begins to move against the trade. 149.45 is the first level of support below 151.245 , and by rule, any test of support is a buy signal. In this case, support 149.45 is being tested, a buy signal would exist.

• Short XSW slightly under 159.14, target 149.45, stop loss @ 159.6 Details

The technical summary data is suggesting a short of XSW as it gets near 159.14 with a downside target of 149.45. We should have a stop loss in place at 159.6though. 159.14 is the first level of resistance above 151.245, and by rule, any test of resistance is a short signal. In this case, if resistance 159.14 is being tested, a short signal would exist.

Swing Trading Plans for XSW

• Buy XSW slightly over 155, target 159.14, Stop Loss @ 154.55 Details

If 155 begins to break higher, the technical summary data tells us to buy XSW just slightly over 155, with an upside target of 159.14. The data also tells us to set a stop loss @ 154.55 in case the stock turns against the trade. 155 is the first level of resistance above 151.245, and by rule, any break above resistance is a buy signal. In this case, 155, 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 XSW slightly near 155, target 150.84, Stop Loss @ 155.45. Details

The technical summary data is suggesting a short of XSW if it tests 155 with a downside target of 150.84. We should have a stop loss in place at 155.45 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, 155, 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 XSW

• Buy XSW slightly over 152.01, target 154.07, Stop Loss @ 151.66 Details

If 152.01 begins to break higher, the technical summary data tells us to buy XSW just slightly over 152.01, with an upside target of 154.07. The data also tells us to set a stop loss @ 151.66 in case the stock turns against the trade. 152.01 is the first level of resistance above 151.245, and by rule, any break above resistance is a buy signal. In this case, 152.01, 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 XSW slightly near 152.01, target 150.84, Stop Loss @ 152.36. Details

The technical summary data is suggesting a short of XSW if it tests 152.01 with a downside target of 150.84. We should have a stop loss in place at 152.36 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, 152.01, 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 Spdr S&p Software & Services Etf (XSW) available here: XSW.

XSW Ratings for March 16:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	139.66
P2	152.01	150.84	149.45
P3	154.07	155	159.14

AI Generated Signals for XSW

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