How the (FIW) price action is used to our Advantage
April 11, 2024, 13:36 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FIW
- Buy FIW slightly over 96.52 target 101.69 stop loss @ 96.24 Details
The technical summary data tells us to buy FIW near 96.52 with an upside target of 101.69. This data also tells us to set a stop loss @ 96.24 to protect against excessive loss in case the stock begins to move against the trade. 96.52 is the first level of support below 99.7281 , and by rule, any test of support is a buy signal. In this case, support 96.52 is being tested, a buy signal would exist.
- Short FIW slightly under 101.69, target 96.52, stop loss @ 101.98 Details
The technical summary data is suggesting a short of FIW as it gets near 101.69 with a downside target of 96.52. We should have a stop loss in place at 101.98though. 101.69 is the first level of resistance above 99.7281, and by rule, any test of resistance is a short signal. In this case, if resistance 101.69 is being tested, a short signal would exist.
Swing Trading Plans for FIW
- Buy FIW slightly over 99.9, target 101.4, Stop Loss @ 99.61 Details
If 99.9 begins to break higher, the technical summary data tells us to buy FIW just slightly over 99.9, with an upside target of 101.4. The data also tells us to set a stop loss @ 99.61 in case the stock turns against the trade. 99.9 is the first level of resistance above 99.7281, and by rule, any break above resistance is a buy signal. In this case, 99.9, 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 FIW slightly near 99.9, target 96.52, Stop Loss @ 100.19. Details
The technical summary data is suggesting a short of FIW if it tests 99.9 with a downside target of 96.52. We should have a stop loss in place at 100.19 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, 99.9, 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 FIW
- Buy FIW slightly over 99.9, target 100.6, Stop Loss @ 99.67 Details
If 99.9 begins to break higher, the technical summary data tells us to buy FIW just slightly over 99.9, with an upside target of 100.6. The data also tells us to set a stop loss @ 99.67 in case the stock turns against the trade. 99.9 is the first level of resistance above 99.7281, and by rule, any break above resistance is a buy signal. In this case, 99.9, 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 FIW slightly near 99.9, target 99.45, Stop Loss @ 100.13. Details
The technical summary data is suggesting a short of FIW if it tests 99.9 with a downside target of 99.45. We should have a stop loss in place at 100.13 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, 99.9, 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 Water Etf (FIW) available here: FIW.
FIW Ratings for April 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
91.07 |
| P2 |
99.45 |
99.9 |
96.52 |
| P3 |
100.6 |
101.4 |
101.69 |
AI Generated Signals for FIW
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 First Trust Water Etf (NYSE: FIW) data table below can help you with price action, and we have more details too. Trading plans for FIW 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 FIW:
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