Trading (NXTG) With Integrated Risk Controls

May 13, 2024, 01:44 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NXTG

• Buy NXTG slightly over 74.33 target 77.82 stop loss @ 74.12 Details

The technical summary data tells us to buy NXTG near 74.33 with an upside target of 77.82. This data also tells us to set a stop loss @ 74.12 to protect against excessive loss in case the stock begins to move against the trade. 74.33 is the first level of support below 77.33 , and by rule, any test of support is a buy signal. In this case, support 74.33 would be being tested, so a buy signal would exist.

• Short NXTG slightly under 77.82, target 74.33, stop loss @ 78.04 Details

The technical summary data is suggesting a short of NXTG as it gets near 77.82 with a downside target of 74.33. We should have a stop loss in place at 78.04though. 77.82 is the first level of resistance above 77.33, and by rule, any test of resistance is a short signal. In this case, if resistance 77.82 is being tested, so a short signal would exist.

Swing Trading Plans for NXTG

• Buy NXTG slightly over 77.9, target 81.27, Stop Loss @ 77.68 Details

If 77.9 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 77.9, with an upside target of 81.27. The data also tells us to set a stop loss @ 77.68 in case the stock turns against the trade. 77.9 is the first level of resistance above 77.33, and by rule, any break above resistance is a buy signal. In this case, 77.9, 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 NXTG slightly near 77.9, target 76.72, Stop Loss @ 78.12. Details

The technical summary data is suggesting a short of NXTG if it tests 77.9 with a downside target of 76.72. We should have a stop loss in place at 78.12 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, 77.9, 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 NXTG

• Buy NXTG slightly over 77.48, target 77.9, Stop Loss @ 77.3 Details

If 77.48 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 77.48, with an upside target of 77.9. The data also tells us to set a stop loss @ 77.3 in case the stock turns against the trade. 77.48 is the first level of resistance above 77.33, and by rule, any break above resistance is a buy signal. In this case, 77.48, 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 NXTG slightly near 77.48, target 77.06, Stop Loss @ 77.66. Details

The technical summary data is suggesting a short of NXTG if it tests 77.48 with a downside target of 77.06. We should have a stop loss in place at 77.66 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, 77.48, 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 Index Nextg Etf (NXTG) available here: NXTG.

NXTG Ratings for May 13:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	74.33
P2	77.06	76.72	77.82
P3	77.48	77.9	81.27

AI Generated Signals for NXTG

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