Ishares Russell 1000 Growth Etf ($IWF) Trading Report

December 15, 2023, 09:40 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IWF

• Buy IWF slightly over 292.2 target 305.04 stop loss @ 291.36 Details

The technical summary data tells us to buy IWF near 292.2 with an upside target of 305.04. This data also tells us to set a stop loss @ 291.36 to protect against excessive loss in case the stock begins to move against the trade. 292.2 is the first level of support below 299.75 , and by rule, any test of support is a buy signal. In this case, support 292.2 is being tested, a buy signal would exist.

• Short IWF slightly under 305.04, target 292.2, stop loss @ 305.92 Details

The technical summary data is suggesting a short of IWF as it gets near 305.04 with a downside target of 292.2. We should have a stop loss in place at 305.92though. 305.04 is the first level of resistance above 299.75, and by rule, any test of resistance is a short signal. In this case, if resistance 305.04 is being tested, a short signal would exist.

Swing Trading Plans for IWF

• Buy IWF slightly over 305.04, target n/a, Stop Loss @ 304.16 Details

If 305.04 begins to break higher, the technical summary data tells us to buy IWF just slightly over 305.04, with an upside target of n/a. The data also tells us to set a stop loss @ 304.16 in case the stock turns against the trade. 305.04 is the first level of resistance above 299.75, and by rule, any break above resistance is a buy signal. In this case, 305.04, 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 IWF slightly near 305.04, target 299.61, Stop Loss @ 305.92. Details

The technical summary data is suggesting a short of IWF if it tests 305.04 with a downside target of 299.61. We should have a stop loss in place at 305.92 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, 305.04, 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 IWF

• Buy IWF slightly over 301.04, target 305.04, Stop Loss @ 300.34 Details

If 301.04 begins to break higher, the technical summary data tells us to buy IWF just slightly over 301.04, with an upside target of 305.04. The data also tells us to set a stop loss @ 300.34 in case the stock turns against the trade. 301.04 is the first level of resistance above 299.75, and by rule, any break above resistance is a buy signal. In this case, 301.04, 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 IWF slightly near 301.04, target 299.61, Stop Loss @ 301.74. Details

The technical summary data is suggesting a short of IWF if it tests 301.04 with a downside target of 299.61. We should have a stop loss in place at 301.74 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, 301.04, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Ishares Russell 1000 Growth Etf (IWF) available here: IWF.

IWF Ratings for December 15:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	278.64
P2	298.99	295.56	292.2
P3	301.04	299.61	305.04

AI Generated Signals for IWF

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ishares Russell 1000 Growth Etf (NYSE: IWF) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IWF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IWF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IWF too.  All of these are offered below the Summary Table.