When (NXTG) Moves Investors should Listen
August 02, 2024, 14:56 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXTG
- Buy NXTG slightly over 79.7 target 82.99 stop loss @ 79.47 Details
The technical summary data tells us to buy NXTG near 79.7 with an upside target of 82.99. This data also tells us to set a stop loss @ 79.47 to protect against excessive loss in case the stock begins to move against the trade. 79.7 is the first level of support below 80.131 , and by rule, any test of support is a buy signal. In this case, support 79.7 would be being tested, so a buy signal would exist.
- Short NXTG slightly under 82.99, target 79.7, stop loss @ 83.23 Details
The technical summary data is suggesting a short of NXTG as it gets near 82.99 with a downside target of 79.7. We should have a stop loss in place at 83.23though. 82.99 is the first level of resistance above 80.131, and by rule, any test of resistance is a short signal. In this case, if resistance 82.99 is being tested, so a short signal would exist.
Swing Trading Plans for NXTG
- Buy NXTG slightly over 81.24, target 82.68, Stop Loss @ 81.01 Details
If 81.24 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 81.24, with an upside target of 82.68. The data also tells us to set a stop loss @ 81.01 in case the stock turns against the trade. 81.24 is the first level of resistance above 80.131, and by rule, any break above resistance is a buy signal. In this case, 81.24, 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 NXTG slightly near 81.24, target 79.7, Stop Loss @ 81.47. Details
The technical summary data is suggesting a short of NXTG if it tests 81.24 with a downside target of 79.7. We should have a stop loss in place at 81.47 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, 81.24, 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 NXTG
- Buy NXTG slightly over 81.24, target 81.96, Stop Loss @ 81.05 Details
If 81.24 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 81.24, with an upside target of 81.96. The data also tells us to set a stop loss @ 81.05 in case the stock turns against the trade. 81.24 is the first level of resistance above 80.131, and by rule, any break above resistance is a buy signal. In this case, 81.24, 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 NXTG slightly near 81.24, target 79.7, Stop Loss @ 81.43. Details
The technical summary data is suggesting a short of NXTG if it tests 81.24 with a downside target of 79.7. We should have a stop loss in place at 81.43 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, 81.24, 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 First Trust Index Nextg Etf (NXTG) available here: NXTG.
NXTG Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
79.7 |
| P2 |
81.96 |
81.24 |
82.99 |
| P3 |
83.29 |
82.68 |
86.13 |
AI Generated Signals for NXTG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The First Trust Index Nextg Etf (NASDAQ: NXTG) report below is a real world example. Included are trading plans for NXTG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NXTG:
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