Trend Tracker for Russell 2000 $RUT

March 05, 2023, 12:45 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RUT

• Buy RUT slightly over 1808.84 target 1943.11 stop loss @ 1803.62 Details

The technical summary data tells us to buy RUT near 1808.84 with an upside target of 1943.11. This data also tells us to set a stop loss @ 1803.62 to protect against excessive loss in case the stock begins to move against the trade. 1808.84 is the first level of support below 1928.26 , and by rule, any test of support is a buy signal. In this case, support 1808.84 is being tested, a buy signal would exist.

• Short RUT slightly under 1943.11, target 1808.84, stop loss @ 1948.72 Details

The technical summary data is suggesting a short of RUT as it gets near 1943.11 with a downside target of 1808.84. We should have a stop loss in place at 1948.72though. 1943.11 is the first level of resistance above 1928.26, and by rule, any test of resistance is a short signal. In this case, if resistance 1943.11 is being tested, a short signal would exist.

Swing Trading Plans for RUT

• Buy RUT slightly over 1943.11, target n/a, Stop Loss @ 1937.5 Details

If 1943.11 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1943.11, with an upside target of n/a. The data also tells us to set a stop loss @ 1937.5 in case the stock turns against the trade. 1943.11 is the first level of resistance above 1928.26, and by rule, any break above resistance is a buy signal. In this case, 1943.11, 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 RUT slightly near 1943.11, target 1909.93, Stop Loss @ 1948.72. Details

The technical summary data is suggesting a short of RUT if it tests 1943.11 with a downside target of 1909.93. We should have a stop loss in place at 1948.72 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, 1943.11, 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 RUT

• Buy RUT slightly over 1943.11, target n/a, Stop Loss @ 1938.58 Details

If 1943.11 begins to break higher, the technical summary data tells us to buy RUT just slightly over 1943.11, with an upside target of n/a. The data also tells us to set a stop loss @ 1938.58 in case the stock turns against the trade. 1943.11 is the first level of resistance above 1928.26, and by rule, any break above resistance is a buy signal. In this case, 1943.11, 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 RUT slightly near 1943.11, target 1920.12, Stop Loss @ 1947.64. Details

The technical summary data is suggesting a short of RUT if it tests 1943.11 with a downside target of 1920.12. We should have a stop loss in place at 1947.64 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, 1943.11, 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 Russell 2000 (RUT) available here: RUT.

RUT Ratings for March 05:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	1666.96
P2	1897.20	1868.01	1808.84
P3	1920.12	1909.93	1943.11

AI Generated Signals for RUT

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The data for Russell 2000 (NYSE: RUT) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RUT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RUT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RUT too.  All of these are offered below the Summary Table.