Long Term Trading Analysis for (TAXX)

October 06, 2024, 18:28 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TAXX

• Buy TAXX near 50.48 target n/a stop loss @ 50.33. Details

The technical summary data tells us to buy TAXX near 50.48, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 50.33 to protect against excessive loss in case the stock begins to move against the trade. 50.48 is the first level of support below 50.59, and by rule, any test of support is a buy signal. In this case, if support 50.48 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for TAXX

• Buy TAXX slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy TAXX just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 50.59, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 TAXX slightly near n/a, target 50.48, Stop Loss @ 0. Details

The technical summary data is suggesting a short of TAXX if it tests n/a with a downside target of 50.48. We should have a stop loss in place at 0 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, n/a, 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 TAXX

• Buy TAXX slightly over 50.71, target n/a, Stop Loss @ 50.59 Details

If 50.71 begins to break higher, the technical summary data tells us to buy TAXX just slightly over 50.71, with an upside target of n/a. The data also tells us to set a stop loss @ 50.59 in case the stock turns against the trade. 50.71 is the first level of resistance above 50.59, and by rule, any break above resistance is a buy signal. In this case, 50.71, 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 TAXX slightly near 50.71, target 49.72, Stop Loss @ 50.83. Details

The technical summary data is suggesting a short of TAXX if it tests 50.71 with a downside target of 49.72. We should have a stop loss in place at 50.83 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, 50.71, 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 Bondbloxx Ir+m Tax-aware Short Duration Etf (TAXX) available here: TAXX.

TAXX Ratings for October 06:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	48.94
P2	50.67	50.71	49.72
P3	0		50.48

AI Generated Signals for TAXX

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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 Bondbloxx Ir+m Tax-aware Short Duration Etf (NASDAQ: TAXX) 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 TAXX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TAXX 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 TAXX too.  All of these are offered below the Summary Table.