When (NDX) Moves Investors should Listen
February 27, 2024, 18:26 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NDX
- Buy NDX slightly over 17368.24 target 18143.94 stop loss @ 17318.08 Details
The technical summary data tells us to buy NDX near 17368.24 with an upside target of 18143.94. This data also tells us to set a stop loss @ 17318.08 to protect against excessive loss in case the stock begins to move against the trade. 17368.24 is the first level of support below 17971 , and by rule, any test of support is a buy signal. In this case, support 17368.24 is being tested, a buy signal would exist.
- Short NDX slightly under 18143.94, target 17368.24, stop loss @ 18196.34 Details
The technical summary data is suggesting a short of NDX as it gets near 18143.94 with a downside target of 17368.24. We should have a stop loss in place at 18196.34though. 18143.94 is the first level of resistance above 17971, and by rule, any test of resistance is a short signal. In this case, if resistance 18143.94 is being tested, a short signal would exist.
Swing Trading Plans for NDX
- Buy NDX slightly over 18066.36, target 18143.94, Stop Loss @ 18014.18 Details
If 18066.36 begins to break higher, the technical summary data tells us to buy NDX just slightly over 18066.36, with an upside target of 18143.94. The data also tells us to set a stop loss @ 18014.18 in case the stock turns against the trade. 18066.36 is the first level of resistance above 17971, and by rule, any break above resistance is a buy signal. In this case, 18066.36, 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 NDX slightly near 18066.36, target 17625.86, Stop Loss @ 18118.54. Details
The technical summary data is suggesting a short of NDX if it tests 18066.36 with a downside target of 17625.86. We should have a stop loss in place at 18118.54 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, 18066.36, 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 NDX
- Buy NDX slightly over 18066.36, target 18143.94, Stop Loss @ 18024.21 Details
If 18066.36 begins to break higher, the technical summary data tells us to buy NDX just slightly over 18066.36, with an upside target of 18143.94. The data also tells us to set a stop loss @ 18024.21 in case the stock turns against the trade. 18066.36 is the first level of resistance above 17971, and by rule, any break above resistance is a buy signal. In this case, 18066.36, 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 NDX slightly near 18066.36, target 17944.49, Stop Loss @ 18108.51. Details
The technical summary data is suggesting a short of NDX if it tests 18066.36 with a downside target of 17944.49. We should have a stop loss in place at 18108.51 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, 18066.36, 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 Nasdaq-100 (NDX) available here: NDX.
NDX Ratings for February 27:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Strong |
P1 |
0 |
0 |
16548.71 |
P2 |
17944.49 |
17625.86 |
17368.24 |
P3 |
18288.63 |
18066.36 |
18143.94 |
AI Generated Signals for NDX
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Nasdaq-100 (NYSE: NDX) report below is a real world example. Included are trading plans for NDX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NDX: