When the Price of (NXRT) Talks, People Listen

December 05, 2024, 11:48 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NXRT

• Buy NXRT near 42.92 target 46.66 stop loss @ 42.8 Details

The technical summary data tells us to buy NXRT near 42.92 with an upside target of 46.66. This data also tells us to set a stop loss @ 42.8 to protect against excessive loss in case the stock begins to move against the trade. 42.92 is the first level of support below 45.91 , and by rule, any test of support is a buy signal. In this case, support 42.92 would be being tested, so a buy signal would exist.

• Short NXRT slightly under 46.66, target 42.92, stop loss @ 46.79 Details

The technical summary data is suggesting a short of NXRT as it gets near 46.66 with a downside target of 42.92. We should have a stop loss in place at 46.79though. 46.66 is the first level of resistance above 45.91, and by rule, any test of resistance is a short signal. In this case, if resistance 46.66 is being tested, so a short signal would exist.

Swing Trading Plans for NXRT

• Buy NXRT slightly over 46.67, target 48.13, Stop Loss @ 46.54 Details

If 46.67 begins to break higher, the technical summary data tells us to buy NXRT just slightly over 46.67, with an upside target of 48.13. The data also tells us to set a stop loss @ 46.54 in case the stock turns against the trade. 46.67 is the first level of resistance above 45.91, and by rule, any break above resistance is a buy signal. In this case, 46.67, 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 NXRT slightly near 46.67, target 42.92, Stop Loss @ 46.8. Details

The technical summary data is suggesting a short of NXRT if it tests 46.67 with a downside target of 42.92. We should have a stop loss in place at 46.8 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, 46.67, 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 NXRT

• Buy NXRT slightly over 46.67, target 48.13, Stop Loss @ 46.56 Details

If 46.67 begins to break higher, the technical summary data tells us to buy NXRT just slightly over 46.67, with an upside target of 48.13. The data also tells us to set a stop loss @ 46.56 in case the stock turns against the trade. 46.67 is the first level of resistance above 45.91, and by rule, any break above resistance is a buy signal. In this case, 46.67, 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 NXRT slightly near 46.67, target 45.86, Stop Loss @ 46.78. Details

The technical summary data is suggesting a short of NXRT if it tests 46.67 with a downside target of 45.86. We should have a stop loss in place at 46.78 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, 46.67, 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 Nexpoint Residential Trust Inc. (NXRT) available here: NXRT.

NXRT Ratings for December 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	42.92
P2	45.86	46.67	46.66
P3	46.59	48.13	50.51

AI Generated Signals for NXRT

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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 Nexpoint Residential Trust Inc. (NASDAQ: NXRT) 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 NXRT 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.