How the price action of Ishares Russell 2000 Value Ind ($IWN) is used to our Advantage
May 29, 2023, 20:15 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IWN
- Buy IWN slightly over 128.31 target 137.84 stop loss @ 127.94 Details
The technical summary data tells us to buy IWN near 128.31 with an upside target of 137.84. This data also tells us to set a stop loss @ 127.94 to protect against excessive loss in case the stock begins to move against the trade. 128.31 is the first level of support below 133.13 , and by rule, any test of support is a buy signal. In this case, support 128.31 would be being tested, so a buy signal would exist.
- Short IWN slightly under 137.84, target 128.31, stop loss @ 138.24 Details
The technical summary data is suggesting a short of IWN as it gets near 137.84 with a downside target of 128.31. We should have a stop loss in place at 138.24though. 137.84 is the first level of resistance above 133.13, and by rule, any test of resistance is a short signal. In this case, if resistance 137.84 is being tested, so a short signal would exist.
Swing Trading Plans for IWN
- Buy IWN slightly over 136.00, target 137.84, Stop Loss @ 135.61 Details
If 136.00 begins to break higher, the technical summary data tells us to buy IWN just slightly over 136.00, with an upside target of 137.84. The data also tells us to set a stop loss @ 135.61 in case the stock turns against the trade. 136.00 is the first level of resistance above 133.13, and by rule, any break above resistance is a buy signal. In this case, 136.00, 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 IWN slightly near 136.00, target 132.77, Stop Loss @ 136.39. Details
The technical summary data is suggesting a short of IWN if it tests 136.00 with a downside target of 132.77. We should have a stop loss in place at 136.39 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, 136.00, 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 IWN
- Buy IWN slightly over 134.32, target 136.00, Stop Loss @ 134.01 Details
If 134.32 begins to break higher, the technical summary data tells us to buy IWN just slightly over 134.32, with an upside target of 136.00. The data also tells us to set a stop loss @ 134.01 in case the stock turns against the trade. 134.32 is the first level of resistance above 133.13, and by rule, any break above resistance is a buy signal. In this case, 134.32, 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 IWN slightly near 134.32, target 132.77, Stop Loss @ 134.63. Details
The technical summary data is suggesting a short of IWN if it tests 134.32 with a downside target of 132.77. We should have a stop loss in place at 134.63 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, 134.32, 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 Russell 2000 Value Ind (IWN) available here: IWN.
IWN Ratings for May 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
128.31 |
| P2 |
131.45 |
132.77 |
137.84 |
| P3 |
134.32 |
136.00 |
147.30 |
AI Generated Signals for IWN
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 Ishares Russell 2000 Value Ind (NYSE: IWN) data table below can help you with price action, and we have more details too. Trading plans for IWN 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 IWN:
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