How the (IYK) price action is used to our Advantage
February 21, 2024, 11:06 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IYK
- Buy IYK slightly over 189.22 target 196.14 stop loss @ 188.67 Details
The technical summary data tells us to buy IYK near 189.22 with an upside target of 196.14. This data also tells us to set a stop loss @ 188.67 to protect against excessive loss in case the stock begins to move against the trade. 189.22 is the first level of support below 195.645 , and by rule, any test of support is a buy signal. In this case, support 189.22 is being tested, a buy signal would exist.
- Short IYK slightly under 196.14, target 189.22, stop loss @ 196.71 Details
The technical summary data is suggesting a short of IYK as it gets near 196.14 with a downside target of 189.22. We should have a stop loss in place at 196.71though. 196.14 is the first level of resistance above 195.645, and by rule, any test of resistance is a short signal. In this case, if resistance 196.14 is being tested, a short signal would exist.
Swing Trading Plans for IYK
- Buy IYK slightly over 196.14, target n/a, Stop Loss @ 195.57 Details
If 196.14 begins to break higher, the technical summary data tells us to buy IYK just slightly over 196.14, with an upside target of n/a. The data also tells us to set a stop loss @ 195.57 in case the stock turns against the trade. 196.14 is the first level of resistance above 195.645, and by rule, any break above resistance is a buy signal. In this case, 196.14, 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 IYK slightly near 196.14, target 194.03, Stop Loss @ 196.71. Details
The technical summary data is suggesting a short of IYK if it tests 196.14 with a downside target of 194.03. We should have a stop loss in place at 196.71 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, 196.14, 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 IYK
- Buy IYK slightly over 196.14, target n/a, Stop Loss @ 195.68 Details
If 196.14 begins to break higher, the technical summary data tells us to buy IYK just slightly over 196.14, with an upside target of n/a. The data also tells us to set a stop loss @ 195.68 in case the stock turns against the trade. 196.14 is the first level of resistance above 195.645, and by rule, any break above resistance is a buy signal. In this case, 196.14, 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 IYK slightly near 196.14, target 195.57, Stop Loss @ 196.6. Details
The technical summary data is suggesting a short of IYK if it tests 196.14 with a downside target of 195.57. We should have a stop loss in place at 196.6 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, 196.14, 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 Ishares U.s. Consumer Staples Etf (IYK) available here: IYK.
IYK Ratings for February 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
181.64 |
| P2 |
194.03 |
191.36 |
189.22 |
| P3 |
195.57 |
194.03 |
196.14 |
AI Generated Signals for IYK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ishares U.s. Consumer Staples Etf (NYSE: IYK) data table below can help you with price action, and we have more details too. Trading plans for IYK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for IYK:
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