When (SVIX) Moves Investors should Listen
July 16, 2024, 06:30 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SVIX
- Buy SVIX slightly over 47.7 target 51.48 stop loss @ 47.56 Details
The technical summary data tells us to buy SVIX near 47.7 with an upside target of 51.48. This data also tells us to set a stop loss @ 47.56 to protect against excessive loss in case the stock begins to move against the trade. 47.7 is the first level of support below 50.03 , and by rule, any test of support is a buy signal. In this case, support 47.7 is being tested, a buy signal would exist.
- Short SVIX slightly under 51.48, target 47.7, stop loss @ 51.63 Details
The technical summary data is suggesting a short of SVIX as it gets near 51.48 with a downside target of 47.7. We should have a stop loss in place at 51.63though. 51.48 is the first level of resistance above 50.03, and by rule, any test of resistance is a short signal. In this case, if resistance 51.48 is being tested, a short signal would exist.
Swing Trading Plans for SVIX
- Buy SVIX slightly over 50.55, target 51.48, Stop Loss @ 50.4 Details
If 50.55 begins to break higher, the technical summary data tells us to buy SVIX just slightly over 50.55, with an upside target of 51.48. The data also tells us to set a stop loss @ 50.4 in case the stock turns against the trade. 50.55 is the first level of resistance above 50.03, and by rule, any break above resistance is a buy signal. In this case, 50.55, 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 SVIX slightly near 50.55, target 47.7, Stop Loss @ 50.7. Details
The technical summary data is suggesting a short of SVIX if it tests 50.55 with a downside target of 47.7. We should have a stop loss in place at 50.7 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, 50.55, 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 SVIX
- Buy SVIX slightly over 50.21, target 50.55, Stop Loss @ 50.09 Details
If 50.21 begins to break higher, the technical summary data tells us to buy SVIX just slightly over 50.21, with an upside target of 50.55. The data also tells us to set a stop loss @ 50.09 in case the stock turns against the trade. 50.21 is the first level of resistance above 50.03, and by rule, any break above resistance is a buy signal. In this case, 50.21, 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 SVIX slightly near 50.21, target 47.7, Stop Loss @ 50.33. Details
The technical summary data is suggesting a short of SVIX if it tests 50.21 with a downside target of 47.7. We should have a stop loss in place at 50.33 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, 50.21, 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 1x Short Vix Futures Etf (SVIX) available here: SVIX.
SVIX Ratings for July 16:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
43.42 |
P2 |
50.21 |
50.55 |
47.7 |
P3 |
51.37 |
51.86 |
51.48 |
AI Generated Signals for SVIX
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 1x Short Vix Futures Etf (NASDAQ: SVIX) report below is a real world example. Included are trading plans for SVIX, 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 SVIX: