When (CMDY) Moves Investors should Listen
September 18, 2024, 10:30 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CMDY
- Buy CMDY near 46.71 target 48.6 stop loss @ 46.58 Details
The technical summary data tells us to buy CMDY near 46.71 with an upside target of 48.6. This data also tells us to set a stop loss @ 46.58 to protect against excessive loss in case the stock begins to move against the trade. 46.71 is the first level of support below 48.4375 , and by rule, any test of support is a buy signal. In this case, support 46.71 would be being tested, so a buy signal would exist.
- Short CMDY slightly under 48.6, target 46.71, stop loss @ 48.74 Details
The technical summary data is suggesting a short of CMDY as it gets near 48.6 with a downside target of 46.71. We should have a stop loss in place at 48.74though. 48.6 is the first level of resistance above 48.4375, and by rule, any test of resistance is a short signal. In this case, if resistance 48.6 is being tested, so a short signal would exist.
Swing Trading Plans for CMDY
- Buy CMDY slightly over 48.6, target 50.53, Stop Loss @ 48.46 Details
If 48.6 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 48.6, with an upside target of 50.53. The data also tells us to set a stop loss @ 48.46 in case the stock turns against the trade. 48.6 is the first level of resistance above 48.4375, and by rule, any break above resistance is a buy signal. In this case, 48.6, 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 CMDY slightly near 48.6, target 48.33, Stop Loss @ 48.74. Details
The technical summary data is suggesting a short of CMDY if it tests 48.6 with a downside target of 48.33. We should have a stop loss in place at 48.74 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, 48.6, 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 CMDY
- Buy CMDY slightly over 48.8, target 50.53, Stop Loss @ 48.69 Details
If 48.8 begins to break higher, the technical summary data tells us to buy CMDY just slightly over 48.8, with an upside target of 50.53. The data also tells us to set a stop loss @ 48.69 in case the stock turns against the trade. 48.8 is the first level of resistance above 48.4375, and by rule, any break above resistance is a buy signal. In this case, 48.8, 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 CMDY slightly near 48.8, target 47.31, Stop Loss @ 48.91. Details
The technical summary data is suggesting a short of CMDY if it tests 48.8 with a downside target of 47.31. We should have a stop loss in place at 48.91 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, 48.8, 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 Bloomberg Roll Select Commodity Strategy Etf (CMDY) available here: CMDY.
CMDY Ratings for September 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
46.71 |
| P2 |
48.42 |
47.31 |
48.6 |
| P3 |
48.8 |
48.33 |
50.53 |
AI Generated Signals for CMDY
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 Ishares Bloomberg Roll Select Commodity Strategy Etf (NASDAQ: CMDY) report below is a real world example. Included are trading plans for CMDY, 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 CMDY:
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