(DXJ) Long Term Investment Analysis

November 01, 2024, 01:18 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DXJ

• Buy DXJ near 102.89 target 111.94 stop loss @ 102.59 Details

The technical summary data tells us to buy DXJ near 102.89 with an upside target of 111.94. This data also tells us to set a stop loss @ 102.59 to protect against excessive loss in case the stock begins to move against the trade. 102.89 is the first level of support below 107.57 , and by rule, any test of support is a buy signal. In this case, support 102.89 would be being tested, so a buy signal would exist.

• Short DXJ slightly under 111.94, target 102.89, stop loss @ 112.26 Details

The technical summary data is suggesting a short of DXJ as it gets near 111.94 with a downside target of 102.89. We should have a stop loss in place at 112.26though. 111.94 is the first level of resistance above 107.57, and by rule, any test of resistance is a short signal. In this case, if resistance 111.94 is being tested, so a short signal would exist.

Swing Trading Plans for DXJ

• Buy DXJ slightly over 108.62, target 111.94, Stop Loss @ 108.31 Details

If 108.62 begins to break higher, the technical summary data tells us to buy DXJ just slightly over 108.62, with an upside target of 111.94. The data also tells us to set a stop loss @ 108.31 in case the stock turns against the trade. 108.62 is the first level of resistance above 107.57, and by rule, any break above resistance is a buy signal. In this case, 108.62, 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 DXJ slightly near 108.62, target 106.14, Stop Loss @ 108.93. Details

The technical summary data is suggesting a short of DXJ if it tests 108.62 with a downside target of 106.14. We should have a stop loss in place at 108.93 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, 108.62, 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 DXJ

• Buy DXJ slightly over 107.79, target 108.62, Stop Loss @ 107.54 Details

If 107.79 begins to break higher, the technical summary data tells us to buy DXJ just slightly over 107.79, with an upside target of 108.62. The data also tells us to set a stop loss @ 107.54 in case the stock turns against the trade. 107.79 is the first level of resistance above 107.57, and by rule, any break above resistance is a buy signal. In this case, 107.79, 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 DXJ slightly near 107.79, target 106.14, Stop Loss @ 108.04. Details

The technical summary data is suggesting a short of DXJ if it tests 107.79 with a downside target of 106.14. We should have a stop loss in place at 108.04 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, 107.79, 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 Wisdomtree Japan Hedged Equity Fund (DXJ) available here: DXJ.

DXJ Ratings for November 01:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	102.89
P2	107.79	106.14	111.94
P3	109.51	108.62	120.08

AI Generated Signals for DXJ

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Technically, Wisdomtree Japan Hedged Equity Fund (NYSE: DXJ) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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