Why the Technicals for Spdr Nuveen Barclays Capital M #TFI can be More Revealing than the Fundamentals

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 0 0 51.66
P2 52.06 52.01 52.22
P3 0 52.71

#technicalanalysis provides insights that #fundamentalanalysis cannot.  We can use that to our #advantage in Spdr Nuveen Barclays Capital M (NYSE: TFI).   Using the data offered below we have a real-time example.  Review The technical data for TFI below, and the added value of technical analysis will become clearer.  Trading plans are derived naturally from the technicals.  This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports

Long Term Trading Plans for TFI

May 9, 2021, 9:30 am ET

The Technical Summary and Trading Plans for TFI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TFI Report.

TFI - (Long) Support Plan

The technical summary data tells us to buy TFI near 51.66 with an upside target of 52.22. This data also tells us to set a stop loss @ 51.51 to protect against excessive loss in case the stock begins to move against the trade. 51.66 is the first level of support below 52.02 , and by rule, any test of support is a buy signal. In this case, support 51.66 would be being tested, so a buy signal would exist.

TFI - (Short) Resistance Plan

The technical summary data is suggesting a short of TFI as it gets near 52.22 with a downside target of 51.66. We should have a stop loss in place at 52.37though. 52.22 is the first level of resistance above 52.02, and by rule, any test of resistance is a short signal. In this case, if resistance 52.22 is being tested, so a short signal would exist.

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Swing Trading Plans for TFI

May 9, 2021, 9:30 am ET

The Technical Summary and Trading Plans for TFI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TFI Report.

TFI - (Long) Support Plan

If 52.22 begins to break higher, the technical summary data tells us to buy TFI just over 52.22, with an upside target of n/a. The data also tells us to set a stop loss @ 52.07 in case the stock turns against the trade. 52.22 is the first level of resistance above 52.02, and by rule, any break above resistance is a buy signal. In this case, 52.22, 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.

TFI - (Short) Resistance Plan

The technical summary data is suggesting a short of TFI if it tests 52.22 with a downside target of 52.01. We should have a stop loss in place at 52.37 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, 52.22, 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 TFI

May 9, 2021, 9:30 am ET

The Technical Summary and Trading Plans for TFI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TFI Report.

TFI - (Long) Support Plan

If 52.22 begins to break higher, the technical summary data tells us to buy TFI just over 52.22, with an upside target of 52.71. The data also tells us to set a stop loss @ 52.1 in case the stock turns against the trade. 52.22 is the first level of resistance above 52.02, and by rule, any break above resistance is a buy signal. In this case, 52.22, 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.

TFI - (Short) Resistance Plan

The technical summary data is suggesting a short of TFI if it tests 52.22 with a downside target of 51.66. We should have a stop loss in place at 52.34 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, 52.22, 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.