Long Term Trading Analysis for (GBF)

September 30, 2024, 10:16 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GBF

• Buy GBF near 105.34 target 107.37 stop loss @ 105.04 Details

The technical summary data tells us to buy GBF near 105.34 with an upside target of 107.37. This data also tells us to set a stop loss @ 105.04 to protect against excessive loss in case the stock begins to move against the trade. 105.34 is the first level of support below 107.035 , and by rule, any test of support is a buy signal. In this case, support 105.34 is being tested, a buy signal would exist.

• Short GBF slightly under 107.37, target 105.34, stop loss @ 107.68 Details

The technical summary data is suggesting a short of GBF as it gets near 107.37 with a downside target of 105.34. We should have a stop loss in place at 107.68though. 107.37 is the first level of resistance above 107.035, and by rule, any test of resistance is a short signal. In this case, if resistance 107.37 is being tested, a short signal would exist.

Swing Trading Plans for GBF

• Buy GBF slightly over 107.11, target 107.37, Stop Loss @ 106.8 Details

If 107.11 begins to break higher, the technical summary data tells us to buy GBF just slightly over 107.11, with an upside target of 107.37. The data also tells us to set a stop loss @ 106.8 in case the stock turns against the trade. 107.11 is the first level of resistance above 107.035, and by rule, any break above resistance is a buy signal. In this case, 107.11, 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 GBF slightly near 107.11, target 106.66, Stop Loss @ 107.42. Details

The technical summary data is suggesting a short of GBF if it tests 107.11 with a downside target of 106.66. We should have a stop loss in place at 107.42 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, 107.11, 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 GBF

• Buy GBF slightly over 107.11, target 107.37, Stop Loss @ 106.86 Details

If 107.11 begins to break higher, the technical summary data tells us to buy GBF just slightly over 107.11, with an upside target of 107.37. The data also tells us to set a stop loss @ 106.86 in case the stock turns against the trade. 107.11 is the first level of resistance above 107.035, and by rule, any break above resistance is a buy signal. In this case, 107.11, 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 GBF slightly near 107.11, target 106.71, Stop Loss @ 107.36. Details

The technical summary data is suggesting a short of GBF if it tests 107.11 with a downside target of 106.71. We should have a stop loss in place at 107.36 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, 107.11, 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 Ishares Barclays Gslightly overnment/credit Bond Fund (GBF) available here: GBF.

GBF Ratings for September 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	103.14
P2	106.71	106.66	105.34
P3	107.02	107.11	107.37

AI Generated Signals for GBF

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ishares Barclays Government/credit Bond Fund (NYSE: GBF) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for GBF 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 GBF 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 GBF too.  All of these are offered below the Summary Table.