How the (IYW) price action is used to our Advantage
October 01, 2024, 04:34 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IYW
- Buy IYW near 143.45 target 153.19 stop loss @ 143.04 Details
The technical summary data tells us to buy IYW near 143.45 with an upside target of 153.19. This data also tells us to set a stop loss @ 143.04 to protect against excessive loss in case the stock begins to move against the trade. 143.45 is the first level of support below 151.62 , and by rule, any test of support is a buy signal. In this case, support 143.45 would be being tested, so a buy signal would exist.
- Short IYW slightly under 153.19, target 143.45, stop loss @ 153.63 Details
The technical summary data is suggesting a short of IYW as it gets near 153.19 with a downside target of 143.45. We should have a stop loss in place at 153.63though. 153.19 is the first level of resistance above 151.62, and by rule, any test of resistance is a short signal. In this case, if resistance 153.19 is being tested, so a short signal would exist.
Swing Trading Plans for IYW
- Buy IYW slightly over 153.39, target 162.24, Stop Loss @ 152.95 Details
If 153.39 begins to break higher, the technical summary data tells us to buy IYW just slightly over 153.39, with an upside target of 162.24. The data also tells us to set a stop loss @ 152.95 in case the stock turns against the trade. 153.39 is the first level of resistance above 151.62, and by rule, any break above resistance is a buy signal. In this case, 153.39, 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 IYW slightly near 153.39, target 150.82, Stop Loss @ 153.83. Details
The technical summary data is suggesting a short of IYW if it tests 153.39 with a downside target of 150.82. We should have a stop loss in place at 153.83 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, 153.39, 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 IYW
- Buy IYW slightly over 152.21, target 153.39, Stop Loss @ 151.85 Details
If 152.21 begins to break higher, the technical summary data tells us to buy IYW just slightly over 152.21, with an upside target of 153.39. The data also tells us to set a stop loss @ 151.85 in case the stock turns against the trade. 152.21 is the first level of resistance above 151.62, and by rule, any break above resistance is a buy signal. In this case, 152.21, 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 IYW slightly near 152.21, target 150.82, Stop Loss @ 152.57. Details
The technical summary data is suggesting a short of IYW if it tests 152.21 with a downside target of 150.82. We should have a stop loss in place at 152.57 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, 152.21, 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. Technology Etf (IYW) available here: IYW.
IYW Ratings for October 01:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
143.45 |
P2 |
150.61 |
150.82 |
153.19 |
P3 |
152.21 |
153.39 |
162.24 |
AI Generated Signals for IYW
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 Ishares U.s. Technology Etf (NYSE: IYW) data table below can help you with price action, and we have more details too. Trading plans for IYW 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 IYW: