When (WANT) Moves Investors should Listen
July 25, 2024, 13:46 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WANT
- Buy WANT slightly over 29.43 target 33.88 stop loss @ 29.35 Details
The technical summary data tells us to buy WANT near 29.43 with an upside target of 33.88. This data also tells us to set a stop loss @ 29.35 to protect against excessive loss in case the stock begins to move against the trade. 29.43 is the first level of support below 32.6219 , and by rule, any test of support is a buy signal. In this case, support 29.43 would be being tested, so a buy signal would exist.
- Short WANT slightly under 33.88, target 29.43, stop loss @ 33.98 Details
The technical summary data is suggesting a short of WANT as it gets near 33.88 with a downside target of 29.43. We should have a stop loss in place at 33.98though. 33.88 is the first level of resistance above 32.6219, and by rule, any test of resistance is a short signal. In this case, if resistance 33.88 is being tested, so a short signal would exist.
Swing Trading Plans for WANT
- Buy WANT slightly over 34.03, target 36.99, Stop Loss @ 33.93 Details
If 34.03 begins to break higher, the technical summary data tells us to buy WANT just slightly over 34.03, with an upside target of 36.99. The data also tells us to set a stop loss @ 33.93 in case the stock turns against the trade. 34.03 is the first level of resistance above 32.6219, and by rule, any break above resistance is a buy signal. In this case, 34.03, 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 WANT slightly near 34.03, target 29.43, Stop Loss @ 34.13. Details
The technical summary data is suggesting a short of WANT if it tests 34.03 with a downside target of 29.43. We should have a stop loss in place at 34.13 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, 34.03, 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 WANT
- Buy WANT slightly over 34.03, target 35.19, Stop Loss @ 33.95 Details
If 34.03 begins to break higher, the technical summary data tells us to buy WANT just slightly over 34.03, with an upside target of 35.19. The data also tells us to set a stop loss @ 33.95 in case the stock turns against the trade. 34.03 is the first level of resistance above 32.6219, and by rule, any break above resistance is a buy signal. In this case, 34.03, 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 WANT slightly near 34.03, target 32.62, Stop Loss @ 34.11. Details
The technical summary data is suggesting a short of WANT if it tests 34.03 with a downside target of 32.62. We should have a stop loss in place at 34.11 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, 34.03, 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 Direxion Daily Consumer Discretionary Bull 3x Shares (WANT) available here: WANT.
WANT Ratings for July 25:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
29.43 |
P2 |
32.62 |
34.03 |
33.88 |
P3 |
35.19 |
36.99 |
38.31 |
AI Generated Signals for WANT
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 Direxion Daily Consumer Discretionary Bull 3x Shares (NASDAQ: WANT) report below is a real world example. Included are trading plans for WANT, 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 WANT: