Trading (HMOP) With Integrated Risk Controls
November 12, 2024, 21:24 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HMOP
- Buy HMOP near 38.68 target 39.16 stop loss @ 38.57 Details
The technical summary data tells us to buy HMOP near 38.68 with an upside target of 39.16. This data also tells us to set a stop loss @ 38.57 to protect against excessive loss in case the stock begins to move against the trade. 38.68 is the first level of support below 38.795 , and by rule, any test of support is a buy signal. In this case, support 38.68 would be being tested, so a buy signal would exist.
- Short HMOP slightly under 39.16, target 38.68, stop loss @ 39.27 Details
The technical summary data is suggesting a short of HMOP as it gets near 39.16 with a downside target of 38.68. We should have a stop loss in place at 39.27though. 39.16 is the first level of resistance above 38.795, and by rule, any test of resistance is a short signal. In this case, if resistance 39.16 is being tested, so a short signal would exist.
Swing Trading Plans for HMOP
- Buy HMOP slightly over 38.95, target 39.16, Stop Loss @ 38.84 Details
If 38.95 begins to break higher, the technical summary data tells us to buy HMOP just slightly over 38.95, with an upside target of 39.16. The data also tells us to set a stop loss @ 38.84 in case the stock turns against the trade. 38.95 is the first level of resistance above 38.795, and by rule, any break above resistance is a buy signal. In this case, 38.95, 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 HMOP slightly near 38.95, target 38.7, Stop Loss @ 39.06. Details
The technical summary data is suggesting a short of HMOP if it tests 38.95 with a downside target of 38.7. We should have a stop loss in place at 39.06 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, 38.95, 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 HMOP
- Buy HMOP slightly over 39.16, target 39.61, Stop Loss @ 39.07 Details
If 39.16 begins to break higher, the technical summary data tells us to buy HMOP just slightly over 39.16, with an upside target of 39.61. The data also tells us to set a stop loss @ 39.07 in case the stock turns against the trade. 39.16 is the first level of resistance above 38.795, and by rule, any break above resistance is a buy signal. In this case, 39.16, 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 HMOP slightly near 39.16, target n/a, Stop Loss @ 39.25. Details
The technical summary data is suggesting a short of HMOP if it tests 39.16 with a downside target of n/a. We should have a stop loss in place at 39.25 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, 39.16, 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 Hartford Municipal Opportunities Etf (HMOP) available here: HMOP.
HMOP Ratings for November 12:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
38.68 |
P2 |
38.86 |
38.7 |
39.16 |
P3 |
39.07 |
38.95 |
39.61 |
AI Generated Signals for HMOP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HMOP: