How the (MUSI) price action is used to our Advantage
August 02, 2024, 08:46 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MUSI
- Buy MUSI slightly over 43.28 target 44.01 stop loss @ 43.16 Details
The technical summary data tells us to buy MUSI near 43.28 with an upside target of 44.01. This data also tells us to set a stop loss @ 43.16 to protect against excessive loss in case the stock begins to move against the trade. 43.28 is the first level of support below 43.72 , and by rule, any test of support is a buy signal. In this case, support 43.28 is being tested, a buy signal would exist.
- Short MUSI slightly under 44.01, target 43.28, stop loss @ 44.14 Details
The technical summary data is suggesting a short of MUSI as it gets near 44.01 with a downside target of 43.28. We should have a stop loss in place at 44.14though. 44.01 is the first level of resistance above 43.72, and by rule, any test of resistance is a short signal. In this case, if resistance 44.01 is being tested, a short signal would exist.
Swing Trading Plans for MUSI
- Buy MUSI slightly over 44.01, target n/a, Stop Loss @ 43.88 Details
If 44.01 begins to break higher, the technical summary data tells us to buy MUSI just slightly over 44.01, with an upside target of n/a. The data also tells us to set a stop loss @ 43.88 in case the stock turns against the trade. 44.01 is the first level of resistance above 43.72, and by rule, any break above resistance is a buy signal. In this case, 44.01, 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 MUSI slightly near 44.01, target 43.68, Stop Loss @ 44.14. Details
The technical summary data is suggesting a short of MUSI if it tests 44.01 with a downside target of 43.68. We should have a stop loss in place at 44.14 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, 44.01, 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 MUSI
- Buy MUSI slightly over 44.01, target n/a, Stop Loss @ 43.91 Details
If 44.01 begins to break higher, the technical summary data tells us to buy MUSI just slightly over 44.01, with an upside target of n/a. The data also tells us to set a stop loss @ 43.91 in case the stock turns against the trade. 44.01 is the first level of resistance above 43.72, and by rule, any break above resistance is a buy signal. In this case, 44.01, 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 MUSI slightly near 44.01, target 43.45, Stop Loss @ 44.11. Details
The technical summary data is suggesting a short of MUSI if it tests 44.01 with a downside target of 43.45. We should have a stop loss in place at 44.11 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, 44.01, 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 American Century Multisector Income Etf (MUSI) available here: MUSI.
MUSI Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
42.52 |
| P2 |
43.81 |
43.45 |
43.28 |
| P3 |
0 |
43.68 |
44.01 |
AI Generated Signals for MUSI
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 American Century Multisector Income Etf (NASDAQ: MUSI) data table below can help you with price action, and we have more details too. Trading plans for MUSI 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 MUSI:
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