When the Price of Spdr Oil & Gas Equipment And Services Etf $XES Talks, People Listen

November 18, 2023, 15:30 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XES

• Buy XES slightly over 81.1 target 90.82 stop loss @ 80.87 Details

The technical summary data tells us to buy XES near 81.1 with an upside target of 90.82. This data also tells us to set a stop loss @ 80.87 to protect against excessive loss in case the stock begins to move against the trade. 81.1 is the first level of support below 84.48 , and by rule, any test of support is a buy signal. In this case, support 81.1 would be being tested, so a buy signal would exist.

• Short XES slightly under 90.82, target 81.1, stop loss @ 91.08 Details

The technical summary data is suggesting a short of XES as it gets near 90.82 with a downside target of 81.1. We should have a stop loss in place at 91.08though. 90.82 is the first level of resistance above 84.48, and by rule, any test of resistance is a short signal. In this case, if resistance 90.82 is being tested, so a short signal would exist.

Swing Trading Plans for XES

• Buy XES slightly over 85.35, target 90.82, Stop Loss @ 85.1 Details

If 85.35 begins to break higher, the technical summary data tells us to buy XES just slightly over 85.35, with an upside target of 90.82. The data also tells us to set a stop loss @ 85.1 in case the stock turns against the trade. 85.35 is the first level of resistance above 84.48, and by rule, any break above resistance is a buy signal. In this case, 85.35, 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 XES slightly near 85.35, target 81.1, Stop Loss @ 85.6. Details

The technical summary data is suggesting a short of XES if it tests 85.35 with a downside target of 81.1. We should have a stop loss in place at 85.6 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, 85.35, 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 XES

• Buy XES slightly over 84.96, target 85.35, Stop Loss @ 84.76 Details

If 84.96 begins to break higher, the technical summary data tells us to buy XES just slightly over 84.96, with an upside target of 85.35. The data also tells us to set a stop loss @ 84.76 in case the stock turns against the trade. 84.96 is the first level of resistance above 84.48, and by rule, any break above resistance is a buy signal. In this case, 84.96, 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 XES slightly near 84.96, target 81.72, Stop Loss @ 85.16. Details

The technical summary data is suggesting a short of XES if it tests 84.96 with a downside target of 81.72. We should have a stop loss in place at 85.16 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, 84.96, 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 Oil & Gas Equipment And Services Etf (XES) available here: XES.

XES Ratings for November 18:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	81.1
P2	81.72	80.97	90.82
P3	84.96	85.35	100.38

AI Generated Signals for XES

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Spdr Oil & Gas Equipment And Services Etf (NYSE: XES) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for XES can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.