Learn to Evaluate (NXG) using the Charts
August 26, 2024, 00:26 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXG
- Buy NXG slightly over 36.96 target 40.09 stop loss @ 36.85 Details
The technical summary data tells us to buy NXG near 36.96 with an upside target of 40.09. This data also tells us to set a stop loss @ 36.85 to protect against excessive loss in case the stock begins to move against the trade. 36.96 is the first level of support below 39.79 , and by rule, any test of support is a buy signal. In this case, support 36.96 would be being tested, so a buy signal would exist.
- Short NXG slightly under 40.09, target 36.96, stop loss @ 40.21 Details
The technical summary data is suggesting a short of NXG as it gets near 40.09 with a downside target of 36.96. We should have a stop loss in place at 40.21though. 40.09 is the first level of resistance above 39.79, and by rule, any test of resistance is a short signal. In this case, if resistance 40.09 is being tested, so a short signal would exist.
Swing Trading Plans for NXG
- Buy NXG slightly over 39.8, target 40.09, Stop Loss @ 39.69 Details
If 39.8 begins to break higher, the technical summary data tells us to buy NXG just slightly over 39.8, with an upside target of 40.09. The data also tells us to set a stop loss @ 39.69 in case the stock turns against the trade. 39.8 is the first level of resistance above 39.79, and by rule, any break above resistance is a buy signal. In this case, 39.8, 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 39.8, target 36.96, Stop Loss @ 39.91. Details
The technical summary data is suggesting a short of NXG if it tests 39.8 with a downside target of 36.96. We should have a stop loss in place at 39.91 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, 39.8, 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 40.26, target 40.52, Stop Loss @ 40.17 Details
If 40.26 begins to break higher, the technical summary data tells us to buy NXG just slightly over 40.26, with an upside target of 40.52. The data also tells us to set a stop loss @ 40.17 in case the stock turns against the trade. 40.26 is the first level of resistance above 39.79, and by rule, any break above resistance is a buy signal. In this case, 40.26, 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 40.26, target 36.96, Stop Loss @ 40.35. Details
The technical summary data is suggesting a short of NXG if it tests 40.26 with a downside target of 36.96. We should have a stop loss in place at 40.35 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, 40.26, 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 August 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
36.96 |
| P2 |
39.9 |
39.8 |
40.09 |
| P3 |
40.26 |
40.52 |
43.3 |
AI Generated Signals for NXG
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Nxg Nextgen Infrastructure Income Fund Of Beneficial Interest (NYSE: NXG) report below can help you understand how to do this. The trading plans for NXG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NXG:
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