Learn to Evaluate (CMDT) using the Charts

January 07, 2024, 01:08 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMDT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CMDT slightly under 26.16, target n/a, stop loss @ 26.24 Details

The technical summary data is suggesting a short of CMDT as it gets near 26.16, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 26.24. 26.16 is the first level of resistance above 25.8121, and by rule, any test of resistance is a short signal. In this case, if resistance 26.16 is being tested, so a short signal would exist.

Swing Trading Plans for CMDT

• Buy CMDT slightly over 26.16, target 27.06, Stop Loss @ 26.08 Details

If 26.16 begins to break higher, the technical summary data tells us to buy CMDT just slightly over 26.16, with an upside target of 27.06. The data also tells us to set a stop loss @ 26.08 in case the stock turns against the trade. 26.16 is the first level of resistance above 25.8121, and by rule, any break above resistance is a buy signal. In this case, 26.16, 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 CMDT slightly near 26.16, target 25.72, Stop Loss @ 26.24. Details

The technical summary data is suggesting a short of CMDT if it tests 26.16 with a downside target of 25.72. We should have a stop loss in place at 26.24 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, 26.16, 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 CMDT

• Buy CMDT slightly over 25.82, target 26.16, Stop Loss @ 25.76 Details

If 25.82 begins to break higher, the technical summary data tells us to buy CMDT just slightly over 25.82, with an upside target of 26.16. The data also tells us to set a stop loss @ 25.76 in case the stock turns against the trade. 25.82 is the first level of resistance above 25.8121, and by rule, any break above resistance is a buy signal. In this case, 25.82, 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 CMDT slightly near 25.82, target n/a, Stop Loss @ 25.88. Details

The technical summary data is suggesting a short of CMDT if it tests 25.82 with a downside target of n/a. We should have a stop loss in place at 25.88 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, 25.82, 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  Pimco Commodity Strategy Active Exchange-traded Fund (CMDT) available here: CMDT.

CMDT Ratings for January 07:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	26.16
P2	25.61	25.41	27.06
P3	25.82	25.72	28.01

AI Generated Signals for CMDT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Pimco Commodity Strategy Active Exchange-traded Fund (NASDAQ: CMDT) report below can help you understand how to do this. The trading plans for CMDT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.