When the Price of (FCG) Talks, People Listen

June 21, 2024, 12:06 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FCG

• Buy FCG slightly over 24.67 target 26.53 stop loss @ 24.6 Details

The technical summary data tells us to buy FCG near 24.67 with an upside target of 26.53. This data also tells us to set a stop loss @ 24.6 to protect against excessive loss in case the stock begins to move against the trade. 24.67 is the first level of support below 26.08 , and by rule, any test of support is a buy signal. In this case, support 24.67 would be being tested, so a buy signal would exist.

• Short FCG slightly under 26.53, target 24.67, stop loss @ 26.61 Details

The technical summary data is suggesting a short of FCG as it gets near 26.53 with a downside target of 24.67. We should have a stop loss in place at 26.61though. 26.53 is the first level of resistance above 26.08, and by rule, any test of resistance is a short signal. In this case, if resistance 26.53 is being tested, so a short signal would exist.

Swing Trading Plans for FCG

• Buy FCG slightly over 26.53, target 28.39, Stop Loss @ 26.45 Details

If 26.53 begins to break higher, the technical summary data tells us to buy FCG just slightly over 26.53, with an upside target of 28.39. The data also tells us to set a stop loss @ 26.45 in case the stock turns against the trade. 26.53 is the first level of resistance above 26.08, and by rule, any break above resistance is a buy signal. In this case, 26.53, 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 FCG slightly near 26.53, target 25.61, Stop Loss @ 26.61. Details

The technical summary data is suggesting a short of FCG if it tests 26.53 with a downside target of 25.61. We should have a stop loss in place at 26.61 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, 26.53, 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 FCG

• Buy FCG slightly over 26.18, target 26.53, Stop Loss @ 26.12 Details

If 26.18 begins to break higher, the technical summary data tells us to buy FCG just slightly over 26.18, with an upside target of 26.53. The data also tells us to set a stop loss @ 26.12 in case the stock turns against the trade. 26.18 is the first level of resistance above 26.08, and by rule, any break above resistance is a buy signal. In this case, 26.18, 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 FCG slightly near 26.18, target 25.76, Stop Loss @ 26.24. Details

The technical summary data is suggesting a short of FCG if it tests 26.18 with a downside target of 25.76. We should have a stop loss in place at 26.24 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, 26.18, 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 First Trust Natural Gas Etf (FCG) available here: FCG.

FCG Ratings for June 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	24.67
P2	25.76	25.61	26.53
P3	26.18	26.4	28.39

AI Generated Signals for FCG

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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 First Trust Natural Gas Etf (NYSE: FCG) 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 FCG 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.