Learn to Evaluate (FYT) using the Charts
December 14, 2024, 15:24 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FYT
- Buy FYT near 56.07 target 59.07 stop loss @ 55.91 Details
The technical summary data tells us to buy FYT near 56.07 with an upside target of 59.07. This data also tells us to set a stop loss @ 55.91 to protect against excessive loss in case the stock begins to move against the trade. 56.07 is the first level of support below 58.2376 , and by rule, any test of support is a buy signal. In this case, support 56.07 is being tested, a buy signal would exist.
- Short FYT slightly under 59.07, target 56.07, stop loss @ 59.24 Details
The technical summary data is suggesting a short of FYT as it gets near 59.07 with a downside target of 56.07. We should have a stop loss in place at 59.24though. 59.07 is the first level of resistance above 58.2376, and by rule, any test of resistance is a short signal. In this case, if resistance 59.07 is being tested, a short signal would exist.
Swing Trading Plans for FYT
- Buy FYT slightly over 58.85, target 59.07, Stop Loss @ 58.68 Details
If 58.85 begins to break higher, the technical summary data tells us to buy FYT just slightly over 58.85, with an upside target of 59.07. The data also tells us to set a stop loss @ 58.68 in case the stock turns against the trade. 58.85 is the first level of resistance above 58.2376, and by rule, any break above resistance is a buy signal. In this case, 58.85, 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 FYT slightly near 58.85, target 58.18, Stop Loss @ 59.02. Details
The technical summary data is suggesting a short of FYT if it tests 58.85 with a downside target of 58.18. We should have a stop loss in place at 59.02 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, 58.85, 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 FYT
- Buy FYT slightly over 58.85, target 59.07, Stop Loss @ 58.71 Details
If 58.85 begins to break higher, the technical summary data tells us to buy FYT just slightly over 58.85, with an upside target of 59.07. The data also tells us to set a stop loss @ 58.71 in case the stock turns against the trade. 58.85 is the first level of resistance above 58.2376, and by rule, any break above resistance is a buy signal. In this case, 58.85, 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 FYT slightly near 58.85, target 58.18, Stop Loss @ 58.99. Details
The technical summary data is suggesting a short of FYT if it tests 58.85 with a downside target of 58.18. We should have a stop loss in place at 58.99 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, 58.85, 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 Tr Exch Trd (FYT) available here: FYT.
FYT Ratings for December 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
53.21 |
| P2 |
58.02 |
58.18 |
56.07 |
| P3 |
58.67 |
58.85 |
59.07 |
AI Generated Signals for FYT
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The First Tr Exch Trd (NYSE: FYT) report below can help you understand how to do this. The trading plans for FYT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FYT:
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