Trading (XES) With Integrated Risk Controls
February 28, 2024, 16:36 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XES
- Buy XES slightly over 78.59 target 88.17 stop loss @ 78.36 Details
The technical summary data tells us to buy XES near 78.59 with an upside target of 88.17. This data also tells us to set a stop loss @ 78.36 to protect against excessive loss in case the stock begins to move against the trade. 78.59 is the first level of support below 82.34 , and by rule, any test of support is a buy signal. In this case, support 78.59 would be being tested, so a buy signal would exist.
- Short XES slightly under 88.17, target 78.59, stop loss @ 88.42 Details
The technical summary data is suggesting a short of XES as it gets near 88.17 with a downside target of 78.59. We should have a stop loss in place at 88.42though. 88.17 is the first level of resistance above 82.34, and by rule, any test of resistance is a short signal. In this case, if resistance 88.17 is being tested, so a short signal would exist.
Swing Trading Plans for XES
- Buy XES slightly over 83.31, target 85.48, Stop Loss @ 83.07 Details
If 83.31 begins to break higher, the technical summary data tells us to buy XES just slightly over 83.31, with an upside target of 85.48. The data also tells us to set a stop loss @ 83.07 in case the stock turns against the trade. 83.31 is the first level of resistance above 82.34, and by rule, any break above resistance is a buy signal. In this case, 83.31, 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 83.31, target 78.59, Stop Loss @ 83.55. Details
The technical summary data is suggesting a short of XES if it tests 83.31 with a downside target of 78.59. We should have a stop loss in place at 83.55 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, 83.31, 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 82.92, target 83.31, Stop Loss @ 82.73 Details
If 82.92 begins to break higher, the technical summary data tells us to buy XES just slightly over 82.92, with an upside target of 83.31. The data also tells us to set a stop loss @ 82.73 in case the stock turns against the trade. 82.92 is the first level of resistance above 82.34, and by rule, any break above resistance is a buy signal. In this case, 82.92, 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 82.92, target 78.59, Stop Loss @ 83.11. Details
The technical summary data is suggesting a short of XES if it tests 82.92 with a downside target of 78.59. We should have a stop loss in place at 83.11 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, 82.92, 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 February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
78.59 |
| P2 |
82.92 |
83.31 |
88.17 |
| P3 |
83.8 |
85.48 |
97.77 |
AI Generated Signals for XES
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for XES:
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