When (FIW) Moves Investors should Listen
June 11, 2024, 15:46 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FIW
- Buy FIW slightly over 96.08 target 101.82 stop loss @ 95.8 Details
The technical summary data tells us to buy FIW near 96.08 with an upside target of 101.82. This data also tells us to set a stop loss @ 95.8 to protect against excessive loss in case the stock begins to move against the trade. 96.08 is the first level of support below 100.339 , and by rule, any test of support is a buy signal. In this case, support 96.08 would be being tested, so a buy signal would exist.
- Short FIW slightly under 101.82, target 96.08, stop loss @ 102.11 Details
The technical summary data is suggesting a short of FIW as it gets near 101.82 with a downside target of 96.08. We should have a stop loss in place at 102.11though. 101.82 is the first level of resistance above 100.339, and by rule, any test of resistance is a short signal. In this case, if resistance 101.82 is being tested, so a short signal would exist.
Swing Trading Plans for FIW
- Buy FIW slightly over 100.54, target 101.82, Stop Loss @ 100.25 Details
If 100.54 begins to break higher, the technical summary data tells us to buy FIW just slightly over 100.54, with an upside target of 101.82. The data also tells us to set a stop loss @ 100.25 in case the stock turns against the trade. 100.54 is the first level of resistance above 100.339, and by rule, any break above resistance is a buy signal. In this case, 100.54, 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 FIW slightly near 100.54, target 98.83, Stop Loss @ 100.83. Details
The technical summary data is suggesting a short of FIW if it tests 100.54 with a downside target of 98.83. We should have a stop loss in place at 100.83 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, 100.54, 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 FIW
- Buy FIW slightly over 100.73, target 101.82, Stop Loss @ 100.49 Details
If 100.73 begins to break higher, the technical summary data tells us to buy FIW just slightly over 100.73, with an upside target of 101.82. The data also tells us to set a stop loss @ 100.49 in case the stock turns against the trade. 100.73 is the first level of resistance above 100.339, and by rule, any break above resistance is a buy signal. In this case, 100.73, 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 FIW slightly near 100.73, target 99.79, Stop Loss @ 100.97. Details
The technical summary data is suggesting a short of FIW if it tests 100.73 with a downside target of 99.79. We should have a stop loss in place at 100.97 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, 100.73, 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 Water Etf (FIW) available here: FIW.
FIW Ratings for June 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
96.08 |
| P2 |
99.79 |
98.83 |
101.82 |
| P3 |
100.73 |
100.54 |
107.33 |
AI Generated Signals for FIW
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 First Trust Water Etf (NYSE: FIW) report below is a real world example. Included are trading plans for FIW, 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 FIW:
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