When Spdr S&p Midcap 400 ($MDY) Moves Investors should Listen
August 11, 2023, 23:15 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDY
- Buy MDY slightly over 472.34 target 496.77 stop loss @ 470.98 Details
The technical summary data tells us to buy MDY near 472.34 with an upside target of 496.77. This data also tells us to set a stop loss @ 470.98 to protect against excessive loss in case the stock begins to move against the trade. 472.34 is the first level of support below 486.12 , and by rule, any test of support is a buy signal. In this case, support 472.34 is being tested, a buy signal would exist.
- Short MDY slightly under 496.77, target 472.34, stop loss @ 498.2 Details
The technical summary data is suggesting a short of MDY as it gets near 496.77 with a downside target of 472.34. We should have a stop loss in place at 498.2though. 496.77 is the first level of resistance above 486.12, and by rule, any test of resistance is a short signal. In this case, if resistance 496.77 is being tested, a short signal would exist.
Swing Trading Plans for MDY
- Buy MDY slightly over 486.29, target 492.62, Stop Loss @ 484.89 Details
If 486.29 begins to break higher, the technical summary data tells us to buy MDY just slightly over 486.29, with an upside target of 492.62. The data also tells us to set a stop loss @ 484.89 in case the stock turns against the trade. 486.29 is the first level of resistance above 486.12, and by rule, any break above resistance is a buy signal. In this case, 486.29, 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 MDY slightly near 486.29, target 472.34, Stop Loss @ 487.69. Details
The technical summary data is suggesting a short of MDY if it tests 486.29 with a downside target of 472.34. We should have a stop loss in place at 487.69 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, 486.29, 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 MDY
- Buy MDY slightly over 486.29, target 488.13, Stop Loss @ 485.16 Details
If 486.29 begins to break higher, the technical summary data tells us to buy MDY just slightly over 486.29, with an upside target of 488.13. The data also tells us to set a stop loss @ 485.16 in case the stock turns against the trade. 486.29 is the first level of resistance above 486.12, and by rule, any break above resistance is a buy signal. In this case, 486.29, 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 MDY slightly near 486.29, target 483.62, Stop Loss @ 487.42. Details
The technical summary data is suggesting a short of MDY if it tests 486.29 with a downside target of 483.62. We should have a stop loss in place at 487.42 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, 486.29, 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 Spdr S&p Midcap 400 (MDY) available here: MDY.
MDY Ratings for August 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
446.52 |
| P2 |
483.62 |
486.29 |
472.34 |
| P3 |
488.13 |
492.62 |
496.77 |
AI Generated Signals for MDY
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 Spdr S&p Midcap 400 (NYSE: MDY) report below is a real world example. Included are trading plans for MDY, 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 MDY:
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