When the Price of Vanguard Information Technolog $VGT Talks, People Listen

May 29, 2023, 06:15 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VGT

• Buy VGT slightly over 394.67 target n/a stop loss @ 393.53. Details

The technical summary data tells us to buy VGT near 394.67, 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 393.53 to protect against excessive loss in case the stock begins to move against the trade. 394.67 is the first level of support below 418.53, and by rule, any test of support is a buy signal. In this case, if support 394.67 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 VGT

• Buy VGT slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy VGT just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 418.53, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 VGT slightly near n/a, target 407.64, Stop Loss @ 0. Details

The technical summary data is suggesting a short of VGT if it tests n/a with a downside target of 407.64. We should have a stop loss in place at 0 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, n/a, 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 VGT

• Buy VGT slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy VGT just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 418.53, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 VGT slightly near n/a, target 407.64, Stop Loss @ 0. Details

The technical summary data is suggesting a short of VGT if it tests n/a with a downside target of 407.64. We should have a stop loss in place at 0 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, n/a, 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 Vanguard Information Technolog (VGT) available here: VGT.

VGT Ratings for May 29:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	338.37
P2	393.65	398.32	367.16
P3	402.29	407.64	394.67

AI Generated Signals for VGT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Vanguard Information Technolog (NYSE: VGT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for VGT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.