Trading (IBAT) With Integrated Risk Controls
November 18, 2024, 03:20 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IBAT
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short IBAT slightly under 22.97, target n/a, stop loss @ 23.04 Details
The technical summary data is suggesting a short of IBAT as it gets near 22.97, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 23.04. 22.97 is the first level of resistance above 22.81, and by rule, any test of resistance is a short signal. In this case, if resistance 22.97 is being tested, so a short signal would exist.
Swing Trading Plans for IBAT
- Buy IBAT slightly over 22.97, target 23.23, Stop Loss @ 22.9 Details
If 22.97 begins to break higher, the technical summary data tells us to buy IBAT just slightly over 22.97, with an upside target of 23.23. The data also tells us to set a stop loss @ 22.9 in case the stock turns against the trade. 22.97 is the first level of resistance above 22.81, and by rule, any break above resistance is a buy signal. In this case, 22.97, 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 IBAT slightly near 22.97, target n/a, Stop Loss @ 23.04. Details
The technical summary data is suggesting a short of IBAT if it tests 22.97 with a downside target of n/a. We should have a stop loss in place at 23.04 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, 22.97, 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 IBAT
- Buy IBAT slightly over 23.23, target 24.05, Stop Loss @ 23.18 Details
If 23.23 begins to break higher, the technical summary data tells us to buy IBAT just slightly over 23.23, with an upside target of 24.05. The data also tells us to set a stop loss @ 23.18 in case the stock turns against the trade. 23.23 is the first level of resistance above 22.81, and by rule, any break above resistance is a buy signal. In this case, 23.23, 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 IBAT slightly near 23.23, target n/a, Stop Loss @ 23.28. Details
The technical summary data is suggesting a short of IBAT if it tests 23.23 with a downside target of n/a. We should have a stop loss in place at 23.28 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, 23.23, 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 Ishares Energy Storage & Materials Etf (IBAT) available here: IBAT.
IBAT Ratings for November 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
22.97 |
| P2 |
22.77 |
22.9 |
24.05 |
| P3 |
23.05 |
23.23 |
25.11 |
AI Generated Signals for IBAT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for IBAT:
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