When (FTEC) Moves Investors should Listen
September 04, 2024, 00:58 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FTEC
- Buy FTEC slightly over 163.02 target 173.68 stop loss @ 162.55 Details
The technical summary data tells us to buy FTEC near 163.02 with an upside target of 173.68. This data also tells us to set a stop loss @ 162.55 to protect against excessive loss in case the stock begins to move against the trade. 163.02 is the first level of support below 163.1 , and by rule, any test of support is a buy signal. In this case, support 163.02 would be being tested, so a buy signal would exist.
- Short FTEC slightly under 173.68, target 163.02, stop loss @ 174.18 Details
The technical summary data is suggesting a short of FTEC as it gets near 173.68 with a downside target of 163.02. We should have a stop loss in place at 174.18though. 173.68 is the first level of resistance above 163.1, and by rule, any test of resistance is a short signal. In this case, if resistance 173.68 is being tested, so a short signal would exist.
Swing Trading Plans for FTEC
- Buy FTEC slightly over 166.35, target 170.59, Stop Loss @ 165.87 Details
If 166.35 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 166.35, with an upside target of 170.59. The data also tells us to set a stop loss @ 165.87 in case the stock turns against the trade. 166.35 is the first level of resistance above 163.1, and by rule, any break above resistance is a buy signal. In this case, 166.35, 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 FTEC slightly near 166.35, target 163.02, Stop Loss @ 166.83. Details
The technical summary data is suggesting a short of FTEC if it tests 166.35 with a downside target of 163.02. We should have a stop loss in place at 166.83 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, 166.35, 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 FTEC
- Buy FTEC slightly over 164.34, target 166.35, Stop Loss @ 163.96 Details
If 164.34 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 164.34, with an upside target of 166.35. The data also tells us to set a stop loss @ 163.96 in case the stock turns against the trade. 164.34 is the first level of resistance above 163.1, and by rule, any break above resistance is a buy signal. In this case, 164.34, 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 FTEC slightly near 164.34, target 163.02, Stop Loss @ 164.72. Details
The technical summary data is suggesting a short of FTEC if it tests 164.34 with a downside target of 163.02. We should have a stop loss in place at 164.72 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, 164.34, 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 Fidelity Msci Information Technology Index Etf (FTEC) available here: FTEC.
FTEC Ratings for September 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
163.02 |
| P2 |
164.34 |
166.35 |
173.68 |
| P3 |
167.8 |
170.59 |
183.45 |
AI Generated Signals for FTEC
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 Fidelity Msci Information Technology Index Etf (NASDAQ: FTEC) report below is a real world example. Included are trading plans for FTEC, 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 FTEC:
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