How the (MTUM) price action is used to our Advantage

March 27, 2024, 11:44 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MTUM

• Buy MTUM slightly over 183.09 target n/a stop loss @ 182.56. Details

The technical summary data tells us to buy MTUM near 183.09, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 182.56 to protect against excessive loss in case the stock begins to move against the trade. 183.09 is the first level of support below 186.76, and by rule, any test of support is a buy signal. In this case, if support 183.09 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for MTUM

• Buy MTUM slightly over 190.53, target n/a, Stop Loss @ 189.98 Details

If 190.53 begins to break higher, the technical summary data tells us to buy MTUM just slightly over 190.53, with an upside target of n/a. The data also tells us to set a stop loss @ 189.98 in case the stock turns against the trade. 190.53 is the first level of resistance above 186.76, and by rule, any break above resistance is a buy signal. In this case, 190.53, 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 MTUM slightly near 190.53, target 186.73, Stop Loss @ 191.08. Details

The technical summary data is suggesting a short of MTUM if it tests 190.53 with a downside target of 186.73. We should have a stop loss in place at 191.08 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, 190.53, 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 MTUM

• Buy MTUM slightly over 188.6, target 190.53, Stop Loss @ 188.16 Details

If 188.6 begins to break higher, the technical summary data tells us to buy MTUM just slightly over 188.6, with an upside target of 190.53. The data also tells us to set a stop loss @ 188.16 in case the stock turns against the trade. 188.6 is the first level of resistance above 186.76, and by rule, any break above resistance is a buy signal. In this case, 188.6, 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 MTUM slightly near 188.6, target 186.73, Stop Loss @ 189.04. Details

The technical summary data is suggesting a short of MTUM if it tests 188.6 with a downside target of 186.73. We should have a stop loss in place at 189.04 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, 188.6, 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 Msci Usa Momentum Factor Etf (MTUM) available here: MTUM.

MTUM Ratings for March 27:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	160.09
P2	188.6	186.73	171.42
P3	191.21	190.53	183.09

AI Generated Signals for MTUM

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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 Msci Usa Momentum Factor Etf (NASDAQ: MTUM) data table below can help you with price action, and we have more details too. Trading plans for MTUM 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.