Learn to Evaluate (SGOL) using the Charts
December 17, 2024, 02:30 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SGOL
- Buy SGOL near 25.18 target 26.06 stop loss @ 25.11 Details
The technical summary data tells us to buy SGOL near 25.18 with an upside target of 26.06. This data also tells us to set a stop loss @ 25.11 to protect against excessive loss in case the stock begins to move against the trade. 25.18 is the first level of support below 25.32 , and by rule, any test of support is a buy signal. In this case, support 25.18 would be being tested, so a buy signal would exist.
- Short SGOL slightly under 26.06, target 25.18, stop loss @ 26.14 Details
The technical summary data is suggesting a short of SGOL as it gets near 26.06 with a downside target of 25.18. We should have a stop loss in place at 26.14though. 26.06 is the first level of resistance above 25.32, and by rule, any test of resistance is a short signal. In this case, if resistance 26.06 is being tested, so a short signal would exist.
Swing Trading Plans for SGOL
- Buy SGOL slightly over 25.36, target 25.81, Stop Loss @ 25.29 Details
If 25.36 begins to break higher, the technical summary data tells us to buy SGOL just slightly over 25.36, with an upside target of 25.81. The data also tells us to set a stop loss @ 25.29 in case the stock turns against the trade. 25.36 is the first level of resistance above 25.32, and by rule, any break above resistance is a buy signal. In this case, 25.36, 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 SGOL slightly near 25.36, target n/a, Stop Loss @ 25.43. Details
The technical summary data is suggesting a short of SGOL if it tests 25.36 with a downside target of n/a. We should have a stop loss in place at 25.43 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, 25.36, 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 SGOL
- Buy SGOL slightly over 25.42, target 25.81, Stop Loss @ 25.36 Details
If 25.42 begins to break higher, the technical summary data tells us to buy SGOL just slightly over 25.42, with an upside target of 25.81. The data also tells us to set a stop loss @ 25.36 in case the stock turns against the trade. 25.42 is the first level of resistance above 25.32, and by rule, any break above resistance is a buy signal. In this case, 25.42, 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 SGOL slightly near 25.42, target n/a, Stop Loss @ 25.48. Details
The technical summary data is suggesting a short of SGOL if it tests 25.42 with a downside target of n/a. We should have a stop loss in place at 25.48 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, 25.42, 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 Abrdn Physical Gold Shares Etf (SGOL) available here: SGOL.
SGOL Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
25.18 |
| P2 |
25.14 |
25.36 |
26.06 |
| P3 |
25.42 |
25.81 |
27.02 |
AI Generated Signals for SGOL
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Abrdn Physical Gold Shares Etf (NASDAQ: SGOL) report below can help you understand how to do this. The trading plans for SGOL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SGOL:
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