Learn to Evaluate (FTEC) using the Charts

October 21, 2024, 21:26 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FTEC

• Buy FTEC near 176.95 target 186.4 stop loss @ 176.44 Details

The technical summary data tells us to buy FTEC near 176.95 with an upside target of 186.4. This data also tells us to set a stop loss @ 176.44 to protect against excessive loss in case the stock begins to move against the trade. 176.95 is the first level of support below 180.45 , and by rule, any test of support is a buy signal. In this case, support 176.95 is being tested, a buy signal would exist.

• Short FTEC slightly under 186.4, target 176.95, stop loss @ 186.94 Details

The technical summary data is suggesting a short of FTEC as it gets near 186.4 with a downside target of 176.95. We should have a stop loss in place at 186.94though. 186.4 is the first level of resistance above 180.45, and by rule, any test of resistance is a short signal. In this case, if resistance 186.4 is being tested, a short signal would exist.

Swing Trading Plans for FTEC

• Buy FTEC slightly over 182.38, target 186.4, Stop Loss @ 181.85 Details

If 182.38 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 182.38, with an upside target of 186.4. The data also tells us to set a stop loss @ 181.85 in case the stock turns against the trade. 182.38 is the first level of resistance above 180.45, and by rule, any break above resistance is a buy signal. In this case, 182.38, 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 FTEC slightly near 182.38, target 179.27, Stop Loss @ 182.91. Details

The technical summary data is suggesting a short of FTEC if it tests 182.38 with a downside target of 179.27. We should have a stop loss in place at 182.91 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, 182.38, 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 FTEC

• Buy FTEC slightly over 180.77, target 182.38, Stop Loss @ 180.35 Details

If 180.77 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 180.77, with an upside target of 182.38. The data also tells us to set a stop loss @ 180.35 in case the stock turns against the trade. 180.77 is the first level of resistance above 180.45, and by rule, any break above resistance is a buy signal. In this case, 180.77, 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 FTEC slightly near 180.77, target 179.27, Stop Loss @ 181.19. Details

The technical summary data is suggesting a short of FTEC if it tests 180.77 with a downside target of 179.27. We should have a stop loss in place at 181.19 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, 180.77, 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  Fidelity Msci Information Technology Index Etf (FTEC) available here: FTEC.

FTEC Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	166.55
P2	179.08	179.27	176.95
P3	180.77	182.38	186.4

AI Generated Signals for FTEC

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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  Fidelity Msci Information Technology Index Etf (NASDAQ: FTEC) report below can help you understand how to do this. The trading plans for FTEC, 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.