(BNDI) Technical Pivots with Risk Controls

November 06, 2024, 00:28 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BNDI

• Buy BNDI near 46.96 target 47.83 stop loss @ 46.82 Details

The technical summary data tells us to buy BNDI near 46.96 with an upside target of 47.83. This data also tells us to set a stop loss @ 46.82 to protect against excessive loss in case the stock begins to move against the trade. 46.96 is the first level of support below 47.41 , and by rule, any test of support is a buy signal. In this case, support 46.96 would be being tested, so a buy signal would exist.

• Short BNDI slightly under 47.83, target 46.96, stop loss @ 47.97 Details

The technical summary data is suggesting a short of BNDI as it gets near 47.83 with a downside target of 46.96. We should have a stop loss in place at 47.97though. 47.83 is the first level of resistance above 47.41, and by rule, any test of resistance is a short signal. In this case, if resistance 47.83 is being tested, so a short signal would exist.

Swing Trading Plans for BNDI

• Buy BNDI slightly over 47.83, target n/a, Stop Loss @ 47.69 Details

If 47.83 begins to break higher, the technical summary data tells us to buy BNDI just slightly over 47.83, with an upside target of n/a. The data also tells us to set a stop loss @ 47.69 in case the stock turns against the trade. 47.83 is the first level of resistance above 47.41, and by rule, any break above resistance is a buy signal. In this case, 47.83, 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 BNDI slightly near 47.83, target 47.27, Stop Loss @ 47.97. Details

The technical summary data is suggesting a short of BNDI if it tests 47.83 with a downside target of 47.27. We should have a stop loss in place at 47.97 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, 47.83, 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 BNDI

• Buy BNDI slightly over 47.83, target 48.7, Stop Loss @ 47.72 Details

If 47.83 begins to break higher, the technical summary data tells us to buy BNDI just slightly over 47.83, with an upside target of 48.7. The data also tells us to set a stop loss @ 47.72 in case the stock turns against the trade. 47.83 is the first level of resistance above 47.41, and by rule, any break above resistance is a buy signal. In this case, 47.83, 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 BNDI slightly near 47.83, target 47.28, Stop Loss @ 47.94. Details

The technical summary data is suggesting a short of BNDI if it tests 47.83 with a downside target of 47.28. We should have a stop loss in place at 47.94 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, 47.83, 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 Neos Enhanced Income Aggregate Bond Etf (BNDI) available here: BNDI.

BNDI Ratings for November 06:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	46.96
P2	47.28	47.27	47.83
P3	0		48.7

AI Generated Signals for BNDI

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The technical pivots for Neos Enhanced Income Aggregate Bond Etf (NASDAQ: BNDI) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BNDI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BNDI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BNDI too.  All of these are offered below the Summary Table.