(EQAL) Trading Signals

November 12, 2024, 01:06 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for EQAL

• Buy EQAL near 49.99 target n/a stop loss @ 49.85. Details

The technical summary data tells us to buy EQAL near 49.99, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 49.85 to protect against excessive loss in case the stock begins to move against the trade. 49.99 is the first level of support below 50.9387, and by rule, any test of support is a buy signal. In this case, if support 49.99 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for EQAL

• Buy EQAL slightly over 50.97, target n/a, Stop Loss @ 50.82 Details

If 50.97 begins to break higher, the technical summary data tells us to buy EQAL just slightly over 50.97, with an upside target of n/a. The data also tells us to set a stop loss @ 50.82 in case the stock turns against the trade. 50.97 is the first level of resistance above 50.9387, and by rule, any break above resistance is a buy signal. In this case, 50.97, 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 EQAL slightly near 50.97, target 49.99, Stop Loss @ 51.12. Details

The technical summary data is suggesting a short of EQAL if it tests 50.97 with a downside target of 49.99. We should have a stop loss in place at 51.12 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, 50.97, 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 EQAL

• Buy EQAL slightly over 51, target 51.56, Stop Loss @ 50.88 Details

If 51 begins to break higher, the technical summary data tells us to buy EQAL just slightly over 51, with an upside target of 51.56. The data also tells us to set a stop loss @ 50.88 in case the stock turns against the trade. 51 is the first level of resistance above 50.9387, and by rule, any break above resistance is a buy signal. In this case, 51, 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 EQAL slightly near 51, target 49.99, Stop Loss @ 51.12. Details

The technical summary data is suggesting a short of EQAL if it tests 51 with a downside target of 49.99. We should have a stop loss in place at 51.12 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, 51, 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 Invesco Russell 1000 Equal Weight Etf (EQAL) available here: EQAL.

EQAL Ratings for November 12:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	46.95
P2	51	49.78	48.51
P3	51.56	50.97	49.99

AI Generated Signals for EQAL

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Trading Invesco Russell 1000 Equal Weight Etf (NASDAQ: EQAL) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

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