How the (FDL) price action is used to our Advantage
May 20, 2024, 22:36 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FDL
- Buy FDL slightly over 37.63 target 39.04 stop loss @ 37.52 Details
The technical summary data tells us to buy FDL near 37.63 with an upside target of 39.04. This data also tells us to set a stop loss @ 37.52 to protect against excessive loss in case the stock begins to move against the trade. 37.63 is the first level of support below 38.76 , and by rule, any test of support is a buy signal. In this case, support 37.63 is being tested, a buy signal would exist.
- Short FDL slightly under 39.04, target 37.63, stop loss @ 39.15 Details
The technical summary data is suggesting a short of FDL as it gets near 39.04 with a downside target of 37.63. We should have a stop loss in place at 39.15though. 39.04 is the first level of resistance above 38.76, and by rule, any test of resistance is a short signal. In this case, if resistance 39.04 is being tested, a short signal would exist.
Swing Trading Plans for FDL
- Buy FDL slightly over 39.04, target 39.28, Stop Loss @ 38.93 Details
If 39.04 begins to break higher, the technical summary data tells us to buy FDL just slightly over 39.04, with an upside target of 39.28. The data also tells us to set a stop loss @ 38.93 in case the stock turns against the trade. 39.04 is the first level of resistance above 38.76, and by rule, any break above resistance is a buy signal. In this case, 39.04, 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 FDL slightly near 39.04, target 37.63, Stop Loss @ 39.15. Details
The technical summary data is suggesting a short of FDL if it tests 39.04 with a downside target of 37.63. We should have a stop loss in place at 39.15 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, 39.04, 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 FDL
- Buy FDL slightly over 39.28, target n/a, Stop Loss @ 39.19 Details
If 39.28 begins to break higher, the technical summary data tells us to buy FDL just slightly over 39.28, with an upside target of n/a. The data also tells us to set a stop loss @ 39.19 in case the stock turns against the trade. 39.28 is the first level of resistance above 38.76, and by rule, any break above resistance is a buy signal. In this case, 39.28, 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 FDL slightly near 39.28, target 37.63, Stop Loss @ 39.37. Details
The technical summary data is suggesting a short of FDL if it tests 39.28 with a downside target of 37.63. We should have a stop loss in place at 39.37 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, 39.28, 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 Morningstar Dividend Leaders Index Fund (FDL) available here: FDL.
FDL Ratings for May 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
36.11 |
| P2 |
39.1 |
39 |
37.63 |
| P3 |
0 |
39.28 |
39.04 |
AI Generated Signals for FDL
Blue = Current Price
Red= Resistance
Green = Support
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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 First Trust Morningstar Dividend Leaders Index Fund (NYSE: FDL) data table below can help you with price action, and we have more details too. Trading plans for FDL 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.
Fundamental Charts for FDL:
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