Learn to Evaluate (QMOM) using the Charts

November 27, 2024, 08:10 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QMOM

• Buy QMOM near 69.93 target n/a stop loss @ 69.73. Details

The technical summary data tells us to buy QMOM near 69.93, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 69.73 to protect against excessive loss in case the stock begins to move against the trade. 69.93 is the first level of support below 71.85, and by rule, any test of support is a buy signal. In this case, if support 69.93 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for QMOM

• Buy QMOM slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy QMOM just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 71.85, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 QMOM slightly near n/a, target 71.77, Stop Loss @ 0. Details

The technical summary data is suggesting a short of QMOM if it tests n/a with a downside target of 71.77. We should have a stop loss in place at 0 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, n/a, 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 QMOM

• Buy QMOM slightly over 72.39, target n/a, Stop Loss @ 72.22 Details

If 72.39 begins to break higher, the technical summary data tells us to buy QMOM just slightly over 72.39, with an upside target of n/a. The data also tells us to set a stop loss @ 72.22 in case the stock turns against the trade. 72.39 is the first level of resistance above 71.85, and by rule, any break above resistance is a buy signal. In this case, 72.39, 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 QMOM slightly near 72.39, target 71.77, Stop Loss @ 72.56. Details

The technical summary data is suggesting a short of QMOM if it tests 72.39 with a downside target of 71.77. We should have a stop loss in place at 72.56 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, 72.39, 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  Alpha Architect U.s. Quantitative Momentum Etf (QMOM) available here: QMOM.

QMOM Ratings for November 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	62.92
P2	71.75	69.27	66.51
P3	72.39	71.77	69.93

AI Generated Signals for QMOM

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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  Alpha Architect U.s. Quantitative Momentum Etf (NASDAQ: QMOM) report below can help you understand how to do this. The trading plans for QMOM, 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.