How the price action of Spdr S&p Regional Banking Etf ($KRE) is used to our Advantage
November 05, 2023, 13:30 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KRE
- Buy KRE slightly over 37.11 target 43.90 stop loss @ 37 Details
The technical summary data tells us to buy KRE near 37.11 with an upside target of 43.90. This data also tells us to set a stop loss @ 37 to protect against excessive loss in case the stock begins to move against the trade. 37.11 is the first level of support below 43.62 , and by rule, any test of support is a buy signal. In this case, support 37.11 is being tested, a buy signal would exist.
- Short KRE slightly under 43.90, target 37.11, stop loss @ 44.03 Details
The technical summary data is suggesting a short of KRE as it gets near 43.90 with a downside target of 37.11. We should have a stop loss in place at 44.03though. 43.90 is the first level of resistance above 43.62, and by rule, any test of resistance is a short signal. In this case, if resistance 43.90 is being tested, a short signal would exist.
Swing Trading Plans for KRE
- Buy KRE slightly over 43.90, target n/a, Stop Loss @ 43.77 Details
If 43.90 begins to break higher, the technical summary data tells us to buy KRE just slightly over 43.90, with an upside target of n/a. The data also tells us to set a stop loss @ 43.77 in case the stock turns against the trade. 43.90 is the first level of resistance above 43.62, and by rule, any break above resistance is a buy signal. In this case, 43.90, 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 KRE slightly near 43.90, target 42.31, Stop Loss @ 44.03. Details
The technical summary data is suggesting a short of KRE if it tests 43.90 with a downside target of 42.31. We should have a stop loss in place at 44.03 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, 43.90, 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 KRE
- Buy KRE slightly over 43.90, target n/a, Stop Loss @ 43.8 Details
If 43.90 begins to break higher, the technical summary data tells us to buy KRE just slightly over 43.90, with an upside target of n/a. The data also tells us to set a stop loss @ 43.8 in case the stock turns against the trade. 43.90 is the first level of resistance above 43.62, and by rule, any break above resistance is a buy signal. In this case, 43.90, 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 KRE slightly near 43.90, target 43.58, Stop Loss @ 44. Details
The technical summary data is suggesting a short of KRE if it tests 43.90 with a downside target of 43.58. We should have a stop loss in place at 44 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, 43.90, 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 Spdr S&p Regional Banking Etf (KRE) available here: KRE.
KRE Ratings for November 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
29.92 |
| P2 |
41.87 |
39.41 |
37.11 |
| P3 |
43.58 |
42.31 |
43.90 |
AI Generated Signals for KRE
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Spdr S&p Regional Banking Etf (NYSE: KRE) data table below can help you with price action, and we have more details too. Trading plans for KRE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KRE:
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