(WOOD) On The My Stocks Page

December 18, 2024, 02:12 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WOOD

• Buy WOOD near 78.23 target 81.61 stop loss @ 78 Details

The technical summary data tells us to buy WOOD near 78.23 with an upside target of 81.61. This data also tells us to set a stop loss @ 78 to protect against excessive loss in case the stock begins to move against the trade. 78.23 is the first level of support below 78.63 , and by rule, any test of support is a buy signal. In this case, support 78.23 would be being tested, so a buy signal would exist.

• Short WOOD slightly under 81.61, target 78.23, stop loss @ 81.85 Details

The technical summary data is suggesting a short of WOOD as it gets near 81.61 with a downside target of 78.23. We should have a stop loss in place at 81.85though. 81.61 is the first level of resistance above 78.63, and by rule, any test of resistance is a short signal. In this case, if resistance 81.61 is being tested, so a short signal would exist.

Swing Trading Plans for WOOD

• Buy WOOD slightly over 79.61, target 81.61, Stop Loss @ 79.38 Details

If 79.61 begins to break higher, the technical summary data tells us to buy WOOD just slightly over 79.61, with an upside target of 81.61. The data also tells us to set a stop loss @ 79.38 in case the stock turns against the trade. 79.61 is the first level of resistance above 78.63, and by rule, any break above resistance is a buy signal. In this case, 79.61, 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 WOOD slightly near 79.61, target 78.56, Stop Loss @ 79.84. Details

The technical summary data is suggesting a short of WOOD if it tests 79.61 with a downside target of 78.56. We should have a stop loss in place at 79.84 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, 79.61, 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 WOOD

• Buy WOOD slightly over 78.89, target 79.61, Stop Loss @ 78.71 Details

If 78.89 begins to break higher, the technical summary data tells us to buy WOOD just slightly over 78.89, with an upside target of 79.61. The data also tells us to set a stop loss @ 78.71 in case the stock turns against the trade. 78.89 is the first level of resistance above 78.63, and by rule, any break above resistance is a buy signal. In this case, 78.89, 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 WOOD slightly near 78.89, target 78.56, Stop Loss @ 79.07. Details

The technical summary data is suggesting a short of WOOD if it tests 78.89 with a downside target of 78.56. We should have a stop loss in place at 79.07 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, 78.89, 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 S&p Global Timber & Forestry Index Fund (WOOD) available here: WOOD.

WOOD Ratings for December 18:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	78.23
P2	78.35	78.56	81.61
P3	78.89	79.61	85.05

AI Generated Signals for WOOD

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Trading or Investing in Ishares S&p Global Timber & Forestry Index Fund (NASDAQ: WOOD) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

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