When (GLTR) Moves Investors should Listen
September 04, 2024, 05:34 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLTR
- Buy GLTR slightly over 102.78 target 107.58 stop loss @ 102.48 Details
The technical summary data tells us to buy GLTR near 102.78 with an upside target of 107.58. This data also tells us to set a stop loss @ 102.48 to protect against excessive loss in case the stock begins to move against the trade. 102.78 is the first level of support below 105.79 , and by rule, any test of support is a buy signal. In this case, support 102.78 would be being tested, so a buy signal would exist.
- Short GLTR slightly under 107.58, target 102.78, stop loss @ 107.89 Details
The technical summary data is suggesting a short of GLTR as it gets near 107.58 with a downside target of 102.78. We should have a stop loss in place at 107.89though. 107.58 is the first level of resistance above 105.79, and by rule, any test of resistance is a short signal. In this case, if resistance 107.58 is being tested, so a short signal would exist.
Swing Trading Plans for GLTR
- Buy GLTR slightly over 106.32, target 107.58, Stop Loss @ 106.01 Details
If 106.32 begins to break higher, the technical summary data tells us to buy GLTR just slightly over 106.32, with an upside target of 107.58. The data also tells us to set a stop loss @ 106.01 in case the stock turns against the trade. 106.32 is the first level of resistance above 105.79, and by rule, any break above resistance is a buy signal. In this case, 106.32, 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 GLTR slightly near 106.32, target 102.78, Stop Loss @ 106.63. Details
The technical summary data is suggesting a short of GLTR if it tests 106.32 with a downside target of 102.78. We should have a stop loss in place at 106.63 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, 106.32, 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 GLTR
- Buy GLTR slightly over 106.51, target 107.58, Stop Loss @ 106.26 Details
If 106.51 begins to break higher, the technical summary data tells us to buy GLTR just slightly over 106.51, with an upside target of 107.58. The data also tells us to set a stop loss @ 106.26 in case the stock turns against the trade. 106.51 is the first level of resistance above 105.79, and by rule, any break above resistance is a buy signal. In this case, 106.51, 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 GLTR slightly near 106.51, target 105.12, Stop Loss @ 106.76. Details
The technical summary data is suggesting a short of GLTR if it tests 106.51 with a downside target of 105.12. We should have a stop loss in place at 106.76 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, 106.51, 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 Abrdn Physical Precious Metals Basket Shares Etf (GLTR) available here: GLTR.
GLTR Ratings for September 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
102.78 |
| P2 |
105.12 |
106.32 |
107.58 |
| P3 |
106.51 |
108.36 |
112.91 |
AI Generated Signals for GLTR
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Abrdn Physical Precious Metals Basket Shares Etf (NASDAQ: GLTR) report below is a real world example. Included are trading plans for GLTR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GLTR:
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