Trading (SIL) With Integrated Risk Controls
November 15, 2024, 02:28 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SIL
- Buy SIL near 33.45 target 37.11 stop loss @ 33.35 Details
The technical summary data tells us to buy SIL near 33.45 with an upside target of 37.11. This data also tells us to set a stop loss @ 33.35 to protect against excessive loss in case the stock begins to move against the trade. 33.45 is the first level of support below 35.23 , and by rule, any test of support is a buy signal. In this case, support 33.45 would be being tested, so a buy signal would exist.
- Short SIL slightly under 37.11, target 33.45, stop loss @ 37.22 Details
The technical summary data is suggesting a short of SIL as it gets near 37.11 with a downside target of 33.45. We should have a stop loss in place at 37.22though. 37.11 is the first level of resistance above 35.23, and by rule, any test of resistance is a short signal. In this case, if resistance 37.11 is being tested, so a short signal would exist.
Swing Trading Plans for SIL
- Buy SIL slightly over 35.67, target 37.11, Stop Loss @ 35.57 Details
If 35.67 begins to break higher, the technical summary data tells us to buy SIL just slightly over 35.67, with an upside target of 37.11. The data also tells us to set a stop loss @ 35.57 in case the stock turns against the trade. 35.67 is the first level of resistance above 35.23, and by rule, any break above resistance is a buy signal. In this case, 35.67, 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 SIL slightly near 35.67, target 34.17, Stop Loss @ 35.77. Details
The technical summary data is suggesting a short of SIL if it tests 35.67 with a downside target of 34.17. We should have a stop loss in place at 35.77 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, 35.67, 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 SIL
- Buy SIL slightly over 35.67, target 37.11, Stop Loss @ 35.59 Details
If 35.67 begins to break higher, the technical summary data tells us to buy SIL just slightly over 35.67, with an upside target of 37.11. The data also tells us to set a stop loss @ 35.59 in case the stock turns against the trade. 35.67 is the first level of resistance above 35.23, and by rule, any break above resistance is a buy signal. In this case, 35.67, 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 SIL slightly near 35.67, target 35.06, Stop Loss @ 35.75. Details
The technical summary data is suggesting a short of SIL if it tests 35.67 with a downside target of 35.06. We should have a stop loss in place at 35.75 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, 35.67, 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 Global X Silver Miners Etf (SIL) available here: SIL.
SIL Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
33.45 |
| P2 |
33.86 |
34.17 |
37.11 |
| P3 |
35.06 |
35.67 |
40.96 |
AI Generated Signals for SIL
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Global X Silver Miners Etf (NYSE: SIL) report below can help you, but we have more details too. The trading plans for SIL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for SIL:
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