When (JNUG) Moves Investors should Listen
October 01, 2024, 06:08 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JNUG
- Buy JNUG near 45.19 target 52.69 stop loss @ 45.06 Details
The technical summary data tells us to buy JNUG near 45.19 with an upside target of 52.69. This data also tells us to set a stop loss @ 45.06 to protect against excessive loss in case the stock begins to move against the trade. 45.19 is the first level of support below 47.6 , and by rule, any test of support is a buy signal. In this case, support 45.19 is being tested, a buy signal would exist.
- Short JNUG slightly under 52.69, target 45.19, stop loss @ 52.84 Details
The technical summary data is suggesting a short of JNUG as it gets near 52.69 with a downside target of 45.19. We should have a stop loss in place at 52.84though. 52.69 is the first level of resistance above 47.6, and by rule, any test of resistance is a short signal. In this case, if resistance 52.69 is being tested, a short signal would exist.
Swing Trading Plans for JNUG
- Buy JNUG slightly over 48.53, target 52.43, Stop Loss @ 48.39 Details
If 48.53 begins to break higher, the technical summary data tells us to buy JNUG just slightly over 48.53, with an upside target of 52.43. The data also tells us to set a stop loss @ 48.39 in case the stock turns against the trade. 48.53 is the first level of resistance above 47.6, and by rule, any break above resistance is a buy signal. In this case, 48.53, 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 JNUG slightly near 48.53, target 45.19, Stop Loss @ 48.67. Details
The technical summary data is suggesting a short of JNUG if it tests 48.53 with a downside target of 45.19. We should have a stop loss in place at 48.67 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, 48.53, 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 JNUG
- Buy JNUG slightly over 48.53, target 49.47, Stop Loss @ 48.42 Details
If 48.53 begins to break higher, the technical summary data tells us to buy JNUG just slightly over 48.53, with an upside target of 49.47. The data also tells us to set a stop loss @ 48.42 in case the stock turns against the trade. 48.53 is the first level of resistance above 47.6, and by rule, any break above resistance is a buy signal. In this case, 48.53, 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 JNUG slightly near 48.53, target 46.42, Stop Loss @ 48.64. Details
The technical summary data is suggesting a short of JNUG if it tests 48.53 with a downside target of 46.42. We should have a stop loss in place at 48.64 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, 48.53, 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 Direxion Daily Junior Gold Miners Index Bull 2x Shares (JNUG) available here: JNUG.
JNUG Ratings for October 01:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
38.3 |
P2 |
46.42 |
48.53 |
45.19 |
P3 |
49.47 |
52.43 |
52.69 |
AI Generated Signals for JNUG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Direxion Daily Junior Gold Miners Index Bull 2x Shares (NASDAQ: JNUG) report below is a real world example. Included are trading plans for JNUG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for JNUG: