How the (ITB) price action is used to our Advantage
January 24, 2024, 01:12 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ITB
- Buy ITB slightly over 94.92 target 102.71 stop loss @ 94.65 Details
The technical summary data tells us to buy ITB near 94.92 with an upside target of 102.71. This data also tells us to set a stop loss @ 94.65 to protect against excessive loss in case the stock begins to move against the trade. 94.92 is the first level of support below 99.29 , and by rule, any test of support is a buy signal. In this case, support 94.92 is being tested, a buy signal would exist.
- Short ITB slightly under 102.71, target 94.92, stop loss @ 103.01 Details
The technical summary data is suggesting a short of ITB as it gets near 102.71 with a downside target of 94.92. We should have a stop loss in place at 103.01though. 102.71 is the first level of resistance above 99.29, and by rule, any test of resistance is a short signal. In this case, if resistance 102.71 is being tested, a short signal would exist.
Swing Trading Plans for ITB
- Buy ITB slightly over 100.28, target 102.71, Stop Loss @ 99.99 Details
If 100.28 begins to break higher, the technical summary data tells us to buy ITB just slightly over 100.28, with an upside target of 102.71. The data also tells us to set a stop loss @ 99.99 in case the stock turns against the trade. 100.28 is the first level of resistance above 99.29, and by rule, any break above resistance is a buy signal. In this case, 100.28, 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 ITB slightly near 100.28, target 94.92, Stop Loss @ 100.57. Details
The technical summary data is suggesting a short of ITB if it tests 100.28 with a downside target of 94.92. We should have a stop loss in place at 100.57 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, 100.28, 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.
Day Trading Plans for ITB
- Buy ITB slightly over 100.28, target 102.71, Stop Loss @ 100.05 Details
If 100.28 begins to break higher, the technical summary data tells us to buy ITB just slightly over 100.28, with an upside target of 102.71. The data also tells us to set a stop loss @ 100.05 in case the stock turns against the trade. 100.28 is the first level of resistance above 99.29, and by rule, any break above resistance is a buy signal. In this case, 100.28, 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 ITB slightly near 100.28, target 94.92, Stop Loss @ 100.51. Details
The technical summary data is suggesting a short of ITB if it tests 100.28 with a downside target of 94.92. We should have a stop loss in place at 100.51 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, 100.28, 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 Ishares U.s. Home Construction Etf (ITB) available here: ITB.
ITB Ratings for January 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
86.92 |
| P2 |
100.21 |
100.28 |
94.92 |
| P3 |
103.44 |
103.1 |
102.71 |
AI Generated Signals for ITB
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 Ishares U.s. Home Construction Etf (NYSE: ITB) data table below can help you with price action, and we have more details too. Trading plans for ITB 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 ITB:
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