How the (QQXT) price action is used to our Advantage
September 21, 2024, 19:52 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQXT
- Buy QQXT near 91.79 target 94.6 stop loss @ 91.52 Details
The technical summary data tells us to buy QQXT near 91.79 with an upside target of 94.6. This data also tells us to set a stop loss @ 91.52 to protect against excessive loss in case the stock begins to move against the trade. 91.79 is the first level of support below 92.8963 , and by rule, any test of support is a buy signal. In this case, support 91.79 is being tested, a buy signal would exist.
- Short QQXT slightly under 94.6, target 91.79, stop loss @ 94.87 Details
The technical summary data is suggesting a short of QQXT as it gets near 94.6 with a downside target of 91.79. We should have a stop loss in place at 94.87though. 94.6 is the first level of resistance above 92.8963, and by rule, any test of resistance is a short signal. In this case, if resistance 94.6 is being tested, a short signal would exist.
Swing Trading Plans for QQXT
- Buy QQXT slightly over 93.84, target 94.6, Stop Loss @ 93.57 Details
If 93.84 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 93.84, with an upside target of 94.6. The data also tells us to set a stop loss @ 93.57 in case the stock turns against the trade. 93.84 is the first level of resistance above 92.8963, and by rule, any break above resistance is a buy signal. In this case, 93.84, 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 QQXT slightly near 93.84, target 92.78, Stop Loss @ 94.11. Details
The technical summary data is suggesting a short of QQXT if it tests 93.84 with a downside target of 92.78. We should have a stop loss in place at 94.11 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, 93.84, 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 QQXT
- Buy QQXT slightly over 92.94, target 93.84, Stop Loss @ 92.72 Details
If 92.94 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 92.94, with an upside target of 93.84. The data also tells us to set a stop loss @ 92.72 in case the stock turns against the trade. 92.94 is the first level of resistance above 92.8963, and by rule, any break above resistance is a buy signal. In this case, 92.94, 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 QQXT slightly near 92.94, target 91.79, Stop Loss @ 93.16. Details
The technical summary data is suggesting a short of QQXT if it tests 92.94 with a downside target of 91.79. We should have a stop loss in place at 93.16 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, 92.94, 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 First Trust Nasdaq-100 Ex-tech Sector Index Fd (QQXT) available here: QQXT.
QQXT Ratings for September 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
88.59 |
| P2 |
92.94 |
92.78 |
91.79 |
| P3 |
93.68 |
93.84 |
94.6 |
AI Generated Signals for QQXT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The First Trust Nasdaq-100 Ex-tech Sector Index Fd (NASDAQ: QQXT) data table below can help you with price action, and we have more details too. Trading plans for QQXT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for QQXT:
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