When the Price of (FTEC) Talks, People Listen

September 19, 2024, 13:52 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FTEC

• Buy FTEC near 163.44 target 174.33 stop loss @ 162.97 Details

The technical summary data tells us to buy FTEC near 163.44 with an upside target of 174.33. This data also tells us to set a stop loss @ 162.97 to protect against excessive loss in case the stock begins to move against the trade. 163.44 is the first level of support below 173.256 , and by rule, any test of support is a buy signal. In this case, support 163.44 would be being tested, so a buy signal would exist.

• Short FTEC slightly under 174.33, target 163.44, stop loss @ 174.83 Details

The technical summary data is suggesting a short of FTEC as it gets near 174.33 with a downside target of 163.44. We should have a stop loss in place at 174.83though. 174.33 is the first level of resistance above 173.256, and by rule, any test of resistance is a short signal. In this case, if resistance 174.33 is being tested, so a short signal would exist.

Swing Trading Plans for FTEC

• Buy FTEC slightly over 174.33, target 184.4, Stop Loss @ 173.83 Details

If 174.33 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 174.33, with an upside target of 184.4. The data also tells us to set a stop loss @ 173.83 in case the stock turns against the trade. 174.33 is the first level of resistance above 173.256, and by rule, any break above resistance is a buy signal. In this case, 174.33, 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 FTEC slightly near 174.33, target 171.71, Stop Loss @ 174.83. Details

The technical summary data is suggesting a short of FTEC if it tests 174.33 with a downside target of 171.71. We should have a stop loss in place at 174.83 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, 174.33, 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 FTEC

• Buy FTEC slightly over 174.33, target 184.4, Stop Loss @ 173.92 Details

If 174.33 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 174.33, with an upside target of 184.4. The data also tells us to set a stop loss @ 173.92 in case the stock turns against the trade. 174.33 is the first level of resistance above 173.256, and by rule, any break above resistance is a buy signal. In this case, 174.33, 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 FTEC slightly near 174.33, target 171.71, Stop Loss @ 174.74. Details

The technical summary data is suggesting a short of FTEC if it tests 174.33 with a downside target of 171.71. We should have a stop loss in place at 174.74 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, 174.33, 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 Fidelity Msci Information Technology Index Etf (FTEC) available here: FTEC.

FTEC Ratings for September 19:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	163.44
P2	167.5	166.1	174.33
P3	169.27	171.71	184.4

AI Generated Signals for FTEC

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Fidelity Msci Information Technology Index Etf (NASDAQ: FTEC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for FTEC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.