(DGT) Long Term Investment Analysis

October 21, 2024, 02:10 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DGT

• Buy DGT near 137.05 target 140.76 stop loss @ 136.65 Details

The technical summary data tells us to buy DGT near 137.05 with an upside target of 140.76. This data also tells us to set a stop loss @ 136.65 to protect against excessive loss in case the stock begins to move against the trade. 137.05 is the first level of support below 138.246 , and by rule, any test of support is a buy signal. In this case, support 137.05 is being tested, a buy signal would exist.

• Short DGT slightly under 140.76, target 137.05, stop loss @ 141.17 Details

The technical summary data is suggesting a short of DGT as it gets near 140.76 with a downside target of 137.05. We should have a stop loss in place at 141.17though. 140.76 is the first level of resistance above 138.246, and by rule, any test of resistance is a short signal. In this case, if resistance 140.76 is being tested, a short signal would exist.

Swing Trading Plans for DGT

• Buy DGT slightly over 138.53, target 140.76, Stop Loss @ 138.13 Details

If 138.53 begins to break higher, the technical summary data tells us to buy DGT just slightly over 138.53, with an upside target of 140.76. The data also tells us to set a stop loss @ 138.13 in case the stock turns against the trade. 138.53 is the first level of resistance above 138.246, and by rule, any break above resistance is a buy signal. In this case, 138.53, 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 DGT slightly near 138.53, target 137.75, Stop Loss @ 138.93. Details

The technical summary data is suggesting a short of DGT if it tests 138.53 with a downside target of 137.75. We should have a stop loss in place at 138.93 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, 138.53, 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 DGT

• Buy DGT slightly over 138.28, target 138.53, Stop Loss @ 137.96 Details

If 138.28 begins to break higher, the technical summary data tells us to buy DGT just slightly over 138.28, with an upside target of 138.53. The data also tells us to set a stop loss @ 137.96 in case the stock turns against the trade. 138.28 is the first level of resistance above 138.246, and by rule, any break above resistance is a buy signal. In this case, 138.28, 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 DGT slightly near 138.28, target 137.83, Stop Loss @ 138.6. Details

The technical summary data is suggesting a short of DGT if it tests 138.28 with a downside target of 137.83. We should have a stop loss in place at 138.6 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, 138.28, 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 Spdr Global Dow Etf (DGT) available here: DGT.

DGT Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	132.72
P2	137.83	137.75	137.05
P3	138.28	138.53	140.76

AI Generated Signals for DGT

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Technically, Spdr Global Dow Etf (NYSE: DGT) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DGT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DGT 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 DGT too.  All of these are offered below the Summary Table.