Trend Tracker for (SNOV)

September 26, 2024, 00:52 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNOV

• Buy SNOV near 22.56 target 22.91 stop loss @ 22.49 Details

The technical summary data tells us to buy SNOV near 22.56 with an upside target of 22.91. This data also tells us to set a stop loss @ 22.49 to protect against excessive loss in case the stock begins to move against the trade. 22.56 is the first level of support below 22.8101 , and by rule, any test of support is a buy signal. In this case, support 22.56 is being tested, a buy signal would exist.

• Short SNOV slightly under 22.91, target 22.56, stop loss @ 22.98 Details

The technical summary data is suggesting a short of SNOV as it gets near 22.91 with a downside target of 22.56. We should have a stop loss in place at 22.98though. 22.91 is the first level of resistance above 22.8101, and by rule, any test of resistance is a short signal. In this case, if resistance 22.91 is being tested, a short signal would exist.

Swing Trading Plans for SNOV

• Buy SNOV slightly over 22.92, target 23.13, Stop Loss @ 22.85 Details

If 22.92 begins to break higher, the technical summary data tells us to buy SNOV just slightly over 22.92, with an upside target of 23.13. The data also tells us to set a stop loss @ 22.85 in case the stock turns against the trade. 22.92 is the first level of resistance above 22.8101, and by rule, any break above resistance is a buy signal. In this case, 22.92, 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 SNOV slightly near 22.92, target 22.56, Stop Loss @ 22.99. Details

The technical summary data is suggesting a short of SNOV if it tests 22.92 with a downside target of 22.56. We should have a stop loss in place at 22.99 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, 22.92, 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 SNOV

• Buy SNOV slightly over 22.92, target 23.13, Stop Loss @ 22.87 Details

If 22.92 begins to break higher, the technical summary data tells us to buy SNOV just slightly over 22.92, with an upside target of 23.13. The data also tells us to set a stop loss @ 22.87 in case the stock turns against the trade. 22.92 is the first level of resistance above 22.8101, and by rule, any break above resistance is a buy signal. In this case, 22.92, 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 SNOV slightly near 22.92, target 22.56, Stop Loss @ 22.97. Details

The technical summary data is suggesting a short of SNOV if it tests 22.92 with a downside target of 22.56. We should have a stop loss in place at 22.97 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, 22.92, 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 First Trust Exchange-traded Fund Viii Ft Cboe Vest U.s. Small Cap Moderate Buffer Etf - November (SNOV) available here: SNOV.

SNOV Ratings for September 26:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	22.18
P2	22.9	22.92	22.56
P3	0	23.13	22.91

AI Generated Signals for SNOV

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The data for First Trust Exchange-traded Fund Viii Ft Cboe Vest U.s. Small Cap Moderate Buffer Etf - November (NASDAQ: SNOV) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

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