(BGLD) Technical Pivots with Risk Controls

November 16, 2024, 07:56 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BGLD

• Buy BGLD near 22.17 target 22.77 stop loss @ 22.11 Details

The technical summary data tells us to buy BGLD near 22.17 with an upside target of 22.77. This data also tells us to set a stop loss @ 22.11 to protect against excessive loss in case the stock begins to move against the trade. 22.17 is the first level of support below 22.3293 , and by rule, any test of support is a buy signal. In this case, support 22.17 would be being tested, so a buy signal would exist.

• Short BGLD slightly under 22.77, target 22.17, stop loss @ 22.84 Details

The technical summary data is suggesting a short of BGLD as it gets near 22.77 with a downside target of 22.17. We should have a stop loss in place at 22.84though. 22.77 is the first level of resistance above 22.3293, and by rule, any test of resistance is a short signal. In this case, if resistance 22.77 is being tested, so a short signal would exist.

Swing Trading Plans for BGLD

• Buy BGLD slightly over 22.33, target 22.77, Stop Loss @ 22.27 Details

If 22.33 begins to break higher, the technical summary data tells us to buy BGLD just slightly over 22.33, with an upside target of 22.77. The data also tells us to set a stop loss @ 22.27 in case the stock turns against the trade. 22.33 is the first level of resistance above 22.3293, and by rule, any break above resistance is a buy signal. In this case, 22.33, 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 BGLD slightly near 22.33, target n/a, Stop Loss @ 22.39. Details

The technical summary data is suggesting a short of BGLD if it tests 22.33 with a downside target of n/a. We should have a stop loss in place at 22.39 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, 22.33, 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 BGLD

• Buy BGLD slightly over 22.33, target 22.77, Stop Loss @ 22.28 Details

If 22.33 begins to break higher, the technical summary data tells us to buy BGLD just slightly over 22.33, with an upside target of 22.77. The data also tells us to set a stop loss @ 22.28 in case the stock turns against the trade. 22.33 is the first level of resistance above 22.3293, and by rule, any break above resistance is a buy signal. In this case, 22.33, 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 BGLD slightly near 22.33, target n/a, Stop Loss @ 22.38. Details

The technical summary data is suggesting a short of BGLD if it tests 22.33 with a downside target of n/a. We should have a stop loss in place at 22.38 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, 22.33, 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 Ft Cboe Vest Gold Strategy Quarterly Buffer Etf (BGLD) available here: BGLD.

BGLD Ratings for November 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	22.17
P2	22.06	22.33	22.77
P3	22.33	22.74	23.36

AI Generated Signals for BGLD

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The technical pivots for Ft Cboe Vest Gold Strategy Quarterly Buffer Etf (NASDAQ: BGLD) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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

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Instructions:

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