When the Price of (QQXT) Talks, People Listen
October 13, 2024, 08:10 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQXT
- Buy QQXT near 92.08 target 94.81 stop loss @ 91.81 Details
The technical summary data tells us to buy QQXT near 92.08 with an upside target of 94.81. This data also tells us to set a stop loss @ 91.81 to protect against excessive loss in case the stock begins to move against the trade. 92.08 is the first level of support below 93.6094 , and by rule, any test of support is a buy signal. In this case, support 92.08 is being tested, a buy signal would exist.
- Short QQXT slightly under 94.81, target 92.08, stop loss @ 95.08 Details
The technical summary data is suggesting a short of QQXT as it gets near 94.81 with a downside target of 92.08. We should have a stop loss in place at 95.08though. 94.81 is the first level of resistance above 93.6094, and by rule, any test of resistance is a short signal. In this case, if resistance 94.81 is being tested, a short signal would exist.
Swing Trading Plans for QQXT
- Buy QQXT slightly over 94.81, target n/a, Stop Loss @ 94.54 Details
If 94.81 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 94.81, with an upside target of n/a. The data also tells us to set a stop loss @ 94.54 in case the stock turns against the trade. 94.81 is the first level of resistance above 93.6094, and by rule, any break above resistance is a buy signal. In this case, 94.81, 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 QQXT slightly near 94.81, target 92.98, Stop Loss @ 95.08. Details
The technical summary data is suggesting a short of QQXT if it tests 94.81 with a downside target of 92.98. We should have a stop loss in place at 95.08 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, 94.81, 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 QQXT
- Buy QQXT slightly over 94.81, target n/a, Stop Loss @ 94.59 Details
If 94.81 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 94.81, with an upside target of n/a. The data also tells us to set a stop loss @ 94.59 in case the stock turns against the trade. 94.81 is the first level of resistance above 93.6094, and by rule, any break above resistance is a buy signal. In this case, 94.81, 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 QQXT slightly near 94.81, target 93.34, Stop Loss @ 95.03. Details
The technical summary data is suggesting a short of QQXT if it tests 94.81 with a downside target of 93.34. We should have a stop loss in place at 95.03 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, 94.81, 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 First Trust Nasdaq-100 Ex-tech Sector Index Fd (QQXT) available here: QQXT.
QQXT Ratings for October 13:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
88.93 |
P2 |
92.75 |
92.14 |
92.08 |
P3 |
93.34 |
92.98 |
94.81 |
AI Generated Signals for QQXT
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of First Trust Nasdaq-100 Ex-tech Sector Index Fd (NASDAQ: QQXT) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for QQXT can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for QQXT: