(ITB) On The My Stocks Page

August 17, 2024, 19:16 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ITB

• Buy ITB slightly over 105.72 target 115.82 stop loss @ 105.41 Details

The technical summary data tells us to buy ITB near 105.72 with an upside target of 115.82. This data also tells us to set a stop loss @ 105.41 to protect against excessive loss in case the stock begins to move against the trade. 105.72 is the first level of support below 114.11 , and by rule, any test of support is a buy signal. In this case, support 105.72 would be being tested, so a buy signal would exist.

• Short ITB slightly under 115.82, target 105.72, stop loss @ 116.15 Details

The technical summary data is suggesting a short of ITB as it gets near 115.82 with a downside target of 105.72. We should have a stop loss in place at 116.15though. 115.82 is the first level of resistance above 114.11, and by rule, any test of resistance is a short signal. In this case, if resistance 115.82 is being tested, so a short signal would exist.

Swing Trading Plans for ITB

• Buy ITB slightly over 114.24, target 115.82, Stop Loss @ 113.91 Details

If 114.24 begins to break higher, the technical summary data tells us to buy ITB just slightly over 114.24, with an upside target of 115.82. The data also tells us to set a stop loss @ 113.91 in case the stock turns against the trade. 114.24 is the first level of resistance above 114.11, and by rule, any break above resistance is a buy signal. In this case, 114.24, 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 ITB slightly near 114.24, target 110.26, Stop Loss @ 114.57. Details

The technical summary data is suggesting a short of ITB if it tests 114.24 with a downside target of 110.26. We should have a stop loss in place at 114.57 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, 114.24, 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 ITB

• Buy ITB slightly over 114.24, target 115.27, Stop Loss @ 113.97 Details

If 114.24 begins to break higher, the technical summary data tells us to buy ITB just slightly over 114.24, with an upside target of 115.27. The data also tells us to set a stop loss @ 113.97 in case the stock turns against the trade. 114.24 is the first level of resistance above 114.11, and by rule, any break above resistance is a buy signal. In this case, 114.24, 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 ITB slightly near 114.24, target 110.26, Stop Loss @ 114.51. Details

The technical summary data is suggesting a short of ITB if it tests 114.24 with a downside target of 110.26. We should have a stop loss in place at 114.51 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, 114.24, 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 U.s. Home Construction Etf (ITB) available here: ITB.

ITB Ratings for August 17:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	105.72
P2	114.16	110.26	115.82
P3	115.27	114.24	125.78

AI Generated Signals for ITB

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Trading or Investing in Ishares U.s. Home Construction Etf (NYSE: ITB) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ITB 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 ITB 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 ITB too.  All of these are offered below the Summary Table.