How the (XITK) price action is used to our Advantage
December 29, 2023, 23:10 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XITK
- Buy XITK slightly over 135.22 target 146.26 stop loss @ 134.83 Details
The technical summary data tells us to buy XITK near 135.22 with an upside target of 146.26. This data also tells us to set a stop loss @ 134.83 to protect against excessive loss in case the stock begins to move against the trade. 135.22 is the first level of support below 146.08 , and by rule, any test of support is a buy signal. In this case, support 135.22 is being tested, a buy signal would exist.
- Short XITK slightly under 146.26, target 135.22, stop loss @ 146.68 Details
The technical summary data is suggesting a short of XITK as it gets near 146.26 with a downside target of 135.22. We should have a stop loss in place at 146.68though. 146.26 is the first level of resistance above 146.08, and by rule, any test of resistance is a short signal. In this case, if resistance 146.26 is being tested, a short signal would exist.
Swing Trading Plans for XITK
- Buy XITK slightly over 146.26, target 148.21, Stop Loss @ 145.84 Details
If 146.26 begins to break higher, the technical summary data tells us to buy XITK just slightly over 146.26, with an upside target of 148.21. The data also tells us to set a stop loss @ 145.84 in case the stock turns against the trade. 146.26 is the first level of resistance above 146.08, and by rule, any break above resistance is a buy signal. In this case, 146.26, 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 XITK slightly near 146.26, target 135.22, Stop Loss @ 146.68. Details
The technical summary data is suggesting a short of XITK if it tests 146.26 with a downside target of 135.22. We should have a stop loss in place at 146.68 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, 146.26, 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 XITK
- Buy XITK slightly over 146.26, target 148.21, Stop Loss @ 145.92 Details
If 146.26 begins to break higher, the technical summary data tells us to buy XITK just slightly over 146.26, with an upside target of 148.21. The data also tells us to set a stop loss @ 145.92 in case the stock turns against the trade. 146.26 is the first level of resistance above 146.08, and by rule, any break above resistance is a buy signal. In this case, 146.26, 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 XITK slightly near 146.26, target 135.22, Stop Loss @ 146.6. Details
The technical summary data is suggesting a short of XITK if it tests 146.26 with a downside target of 135.22. We should have a stop loss in place at 146.6 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, 146.26, 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 Spdr Factset Innovative Technology Etf (XITK) available here: XITK.
XITK Ratings for December 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
124.57 |
| P2 |
148.78 |
148.21 |
135.22 |
| P3 |
149.84 |
152.31 |
146.26 |
AI Generated Signals for XITK
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 Spdr Factset Innovative Technology Etf (NASDAQ: XITK) data table below can help you with price action, and we have more details too. Trading plans for XITK 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 XITK:
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