How the (IWV) price action is used to our Advantage

September 04, 2024, 20:52 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IWV

• Buy IWV slightly over 309.66 target 321.29 stop loss @ 308.77 Details

The technical summary data tells us to buy IWV near 309.66 with an upside target of 321.29. This data also tells us to set a stop loss @ 308.77 to protect against excessive loss in case the stock begins to move against the trade. 309.66 is the first level of support below 313.55 , and by rule, any test of support is a buy signal. In this case, support 309.66 would be being tested, so a buy signal would exist.

• Short IWV slightly under 321.29, target 309.66, stop loss @ 322.22 Details

The technical summary data is suggesting a short of IWV as it gets near 321.29 with a downside target of 309.66. We should have a stop loss in place at 322.22though. 321.29 is the first level of resistance above 313.55, and by rule, any test of resistance is a short signal. In this case, if resistance 321.29 is being tested, so a short signal would exist.

Swing Trading Plans for IWV

• Buy IWV slightly over 315.17, target 319.47, Stop Loss @ 314.26 Details

If 315.17 begins to break higher, the technical summary data tells us to buy IWV just slightly over 315.17, with an upside target of 319.47. The data also tells us to set a stop loss @ 314.26 in case the stock turns against the trade. 315.17 is the first level of resistance above 313.55, and by rule, any break above resistance is a buy signal. In this case, 315.17, 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 IWV slightly near 315.17, target 309.66, Stop Loss @ 316.08. Details

The technical summary data is suggesting a short of IWV if it tests 315.17 with a downside target of 309.66. We should have a stop loss in place at 316.08 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, 315.17, 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 IWV

• Buy IWV slightly over 315.17, target 316.14, Stop Loss @ 314.43 Details

If 315.17 begins to break higher, the technical summary data tells us to buy IWV just slightly over 315.17, with an upside target of 316.14. The data also tells us to set a stop loss @ 314.43 in case the stock turns against the trade. 315.17 is the first level of resistance above 313.55, and by rule, any break above resistance is a buy signal. In this case, 315.17, 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 IWV slightly near 315.17, target 312.85, Stop Loss @ 315.91. Details

The technical summary data is suggesting a short of IWV if it tests 315.17 with a downside target of 312.85. We should have a stop loss in place at 315.91 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, 315.17, 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  Ishares Russell 3000 Etf (IWV) available here: IWV.

IWV Ratings for September 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	309.66
P2	312.85	315.17	321.29
P3	316.14	319.47	331.49

AI Generated Signals for IWV

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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  Ishares Russell 3000 Etf (NYSE: IWV) data table below can help you with price action, and we have more details too. Trading plans for IWV 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.