When the Price of (SFY) Talks, People Listen
December 17, 2024, 02:12 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SFY
- Buy SFY near 110.27 target 113.96 stop loss @ 109.95 Details
The technical summary data tells us to buy SFY near 110.27 with an upside target of 113.96. This data also tells us to set a stop loss @ 109.95 to protect against excessive loss in case the stock begins to move against the trade. 110.27 is the first level of support below 112.88 , and by rule, any test of support is a buy signal. In this case, support 110.27 is being tested, a buy signal would exist.
- Short SFY slightly under 113.96, target 110.27, stop loss @ 114.29 Details
The technical summary data is suggesting a short of SFY as it gets near 113.96 with a downside target of 110.27. We should have a stop loss in place at 114.29though. 113.96 is the first level of resistance above 112.88, and by rule, any test of resistance is a short signal. In this case, if resistance 113.96 is being tested, a short signal would exist.
Swing Trading Plans for SFY
- Buy SFY slightly over 113.71, target 113.96, Stop Loss @ 113.38 Details
If 113.71 begins to break higher, the technical summary data tells us to buy SFY just slightly over 113.71, with an upside target of 113.96. The data also tells us to set a stop loss @ 113.38 in case the stock turns against the trade. 113.71 is the first level of resistance above 112.88, and by rule, any break above resistance is a buy signal. In this case, 113.71, 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 SFY slightly near 113.71, target 112.06, Stop Loss @ 114.04. Details
The technical summary data is suggesting a short of SFY if it tests 113.71 with a downside target of 112.06. We should have a stop loss in place at 114.04 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, 113.71, 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 SFY
- Buy SFY slightly over 113.04, target 113.71, Stop Loss @ 112.78 Details
If 113.04 begins to break higher, the technical summary data tells us to buy SFY just slightly over 113.04, with an upside target of 113.71. The data also tells us to set a stop loss @ 112.78 in case the stock turns against the trade. 113.04 is the first level of resistance above 112.88, and by rule, any break above resistance is a buy signal. In this case, 113.04, 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 SFY slightly near 113.04, target 112.3, Stop Loss @ 113.3. Details
The technical summary data is suggesting a short of SFY if it tests 113.04 with a downside target of 112.3. We should have a stop loss in place at 113.3 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, 113.04, 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 Sofi Select 500 Etf (SFY) available here: SFY.
SFY Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
105.84 |
| P2 |
112.3 |
112.06 |
110.27 |
| P3 |
113.04 |
113.71 |
113.96 |
AI Generated Signals for SFY
Blue = Current Price
Red= Resistance
Green = Support
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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 Sofi Select 500 Etf (NYSE: SFY) 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 SFY 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.
Fundamental Charts for SFY:
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