Trend Tracker for (USMC)

November 26, 2024, 09:46 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for USMC

• Buy USMC near 58.39 target 60.04 stop loss @ 58.22 Details

The technical summary data tells us to buy USMC near 58.39 with an upside target of 60.04. This data also tells us to set a stop loss @ 58.22 to protect against excessive loss in case the stock begins to move against the trade. 58.39 is the first level of support below 59.76 , and by rule, any test of support is a buy signal. In this case, support 58.39 is being tested, a buy signal would exist.

• Short USMC slightly under 60.04, target 58.39, stop loss @ 60.21 Details

The technical summary data is suggesting a short of USMC as it gets near 60.04 with a downside target of 58.39. We should have a stop loss in place at 60.21though. 60.04 is the first level of resistance above 59.76, and by rule, any test of resistance is a short signal. In this case, if resistance 60.04 is being tested, a short signal would exist.

Swing Trading Plans for USMC

• Buy USMC slightly over 60.04, target n/a, Stop Loss @ 59.87 Details

If 60.04 begins to break higher, the technical summary data tells us to buy USMC just slightly over 60.04, with an upside target of n/a. The data also tells us to set a stop loss @ 59.87 in case the stock turns against the trade. 60.04 is the first level of resistance above 59.76, and by rule, any break above resistance is a buy signal. In this case, 60.04, 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 USMC slightly near 60.04, target 59.43, Stop Loss @ 60.21. Details

The technical summary data is suggesting a short of USMC if it tests 60.04 with a downside target of 59.43. We should have a stop loss in place at 60.21 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, 60.04, 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 USMC

• Buy USMC slightly over 60.04, target n/a, Stop Loss @ 59.9 Details

If 60.04 begins to break higher, the technical summary data tells us to buy USMC just slightly over 60.04, with an upside target of n/a. The data also tells us to set a stop loss @ 59.9 in case the stock turns against the trade. 60.04 is the first level of resistance above 59.76, and by rule, any break above resistance is a buy signal. In this case, 60.04, 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 USMC slightly near 60.04, target 59.45, Stop Loss @ 60.18. Details

The technical summary data is suggesting a short of USMC if it tests 60.04 with a downside target of 59.45. We should have a stop loss in place at 60.18 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, 60.04, 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 Principal U.s. Mega-cap Etf (USMC) available here: USMC.

USMC Ratings for November 26:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	56.53
P2	59.45	58.46	58.39
P3	59.84	59.43	60.04

AI Generated Signals for USMC

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The data for Principal U.s. Mega-cap Etf (NASDAQ: USMC) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for USMC 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 USMC 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 USMC too.  All of these are offered below the Summary Table.