Learn to Evaluate (CMDY) using the Charts
September 29, 2024, 05:00 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CMDY
- Buy CMDY near 48.75 target 50.67 stop loss @ 48.61 Details
The technical summary data tells us to buy CMDY near 48.75 with an upside target of 50.67. This data also tells us to set a stop loss @ 48.61 to protect against excessive loss in case the stock begins to move against the trade. 48.75 is the first level of support below 49.8977 , and by rule, any test of support is a buy signal. In this case, support 48.75 is being tested, a buy signal would exist.
- Short CMDY slightly under 50.67, target 48.75, stop loss @ 50.82 Details
The technical summary data is suggesting a short of CMDY as it gets near 50.67 with a downside target of 48.75. We should have a stop loss in place at 50.82though. 50.67 is the first level of resistance above 49.8977, and by rule, any test of resistance is a short signal. In this case, if resistance 50.67 is being tested, a short signal would exist.
Swing Trading Plans for CMDY
- Buy CMDY slightly over 50.35, target 50.67, Stop Loss @ 50.2 Details
If 50.35 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 50.35, with an upside target of 50.67. The data also tells us to set a stop loss @ 50.2 in case the stock turns against the trade. 50.35 is the first level of resistance above 49.8977, and by rule, any break above resistance is a buy signal. In this case, 50.35, 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 CMDY slightly near 50.35, target 49.88, Stop Loss @ 50.5. Details
The technical summary data is suggesting a short of CMDY if it tests 50.35 with a downside target of 49.88. We should have a stop loss in place at 50.5 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, 50.35, 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 CMDY
- Buy CMDY slightly over 50.13, target 50.35, Stop Loss @ 50.01 Details
If 50.13 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 50.13, with an upside target of 50.35. The data also tells us to set a stop loss @ 50.01 in case the stock turns against the trade. 50.13 is the first level of resistance above 49.8977, and by rule, any break above resistance is a buy signal. In this case, 50.13, 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 CMDY slightly near 50.13, target 49.88, Stop Loss @ 50.25. Details
The technical summary data is suggesting a short of CMDY if it tests 50.13 with a downside target of 49.88. We should have a stop loss in place at 50.25 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, 50.13, 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 Bloomberg Roll Select Commodity Strategy Etf (CMDY) available here: CMDY.
CMDY Ratings for September 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
46.88 |
| P2 |
49.74 |
49.88 |
48.75 |
| P3 |
50.13 |
50.35 |
50.67 |
AI Generated Signals for CMDY
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 Ishares Bloomberg Roll Select Commodity Strategy Etf (NASDAQ: CMDY) report below can help you understand how to do this. The trading plans for CMDY, 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 CMDY:
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