(NXG) Trading Signals

May 03, 2024, 06:54 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NXG

• Buy NXG slightly over 36.03 target 39.32 stop loss @ 35.93 Details

The technical summary data tells us to buy NXG near 36.03 with an upside target of 39.32. This data also tells us to set a stop loss @ 35.93 to protect against excessive loss in case the stock begins to move against the trade. 36.03 is the first level of support below 39 , and by rule, any test of support is a buy signal. In this case, support 36.03 is being tested, a buy signal would exist.

• Short NXG slightly under 39.32, target 36.03, stop loss @ 39.43 Details

The technical summary data is suggesting a short of NXG as it gets near 39.32 with a downside target of 36.03. We should have a stop loss in place at 39.43though. 39.32 is the first level of resistance above 39, and by rule, any test of resistance is a short signal. In this case, if resistance 39.32 is being tested, a short signal would exist.

Swing Trading Plans for NXG

• Buy NXG slightly over 39.04, target 39.32, Stop Loss @ 38.93 Details

If 39.04 begins to break higher, the technical summary data tells us to buy NXG just slightly over 39.04, with an upside target of 39.32. The data also tells us to set a stop loss @ 38.93 in case the stock turns against the trade. 39.04 is the first level of resistance above 39, and by rule, any break above resistance is a buy signal. In this case, 39.04, 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 NXG slightly near 39.04, target 36.03, Stop Loss @ 39.15. Details

The technical summary data is suggesting a short of NXG if it tests 39.04 with a downside target of 36.03. We should have a stop loss in place at 39.15 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, 39.04, 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.

Day Trading Plans for NXG

• Buy NXG slightly over 39.04, target 39.32, Stop Loss @ 38.95 Details

If 39.04 begins to break higher, the technical summary data tells us to buy NXG just slightly over 39.04, with an upside target of 39.32. The data also tells us to set a stop loss @ 38.95 in case the stock turns against the trade. 39.04 is the first level of resistance above 39, and by rule, any break above resistance is a buy signal. In this case, 39.04, 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 NXG slightly near 39.04, target 38.71, Stop Loss @ 39.13. Details

The technical summary data is suggesting a short of NXG if it tests 39.04 with a downside target of 38.71. We should have a stop loss in place at 39.13 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, 39.04, 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 Nxg Nextgen Infrastructure Income Fund Of Beneficial Interest (NXG) available here: NXG.

NXG Ratings for May 03:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	32.72
P2	38.71	39.04	36.03
P3	39.31	40.43	39.32

AI Generated Signals for NXG

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Trading Nxg Nextgen Infrastructure Income Fund Of Beneficial Interest (NYSE: NXG) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NXG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NXG 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 NXG too.  All of these are offered below the Summary Table.