When the Price of (RXI) Talks, People Listen

December 25, 2023, 04:50 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RXI

• Buy RXI slightly over 154.79 target 163.01 stop loss @ 154.34 Details

The technical summary data tells us to buy RXI near 154.79 with an upside target of 163.01. This data also tells us to set a stop loss @ 154.34 to protect against excessive loss in case the stock begins to move against the trade. 154.79 is the first level of support below 158.48 , and by rule, any test of support is a buy signal. In this case, support 154.79 is being tested, a buy signal would exist.

• Short RXI slightly under 163.01, target 154.79, stop loss @ 163.48 Details

The technical summary data is suggesting a short of RXI as it gets near 163.01 with a downside target of 154.79. We should have a stop loss in place at 163.48though. 163.01 is the first level of resistance above 158.48, and by rule, any test of resistance is a short signal. In this case, if resistance 163.01 is being tested, a short signal would exist.

Swing Trading Plans for RXI

• Buy RXI slightly over 159.24, target 161.59, Stop Loss @ 158.78 Details

If 159.24 begins to break higher, the technical summary data tells us to buy RXI just slightly over 159.24, with an upside target of 161.59. The data also tells us to set a stop loss @ 158.78 in case the stock turns against the trade. 159.24 is the first level of resistance above 158.48, and by rule, any break above resistance is a buy signal. In this case, 159.24, 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 RXI slightly near 159.24, target 154.79, Stop Loss @ 159.7. Details

The technical summary data is suggesting a short of RXI if it tests 159.24 with a downside target of 154.79. We should have a stop loss in place at 159.7 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, 159.24, 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 RXI

• Buy RXI slightly over 159.24, target 161.59, Stop Loss @ 158.87 Details

If 159.24 begins to break higher, the technical summary data tells us to buy RXI just slightly over 159.24, with an upside target of 161.59. The data also tells us to set a stop loss @ 158.87 in case the stock turns against the trade. 159.24 is the first level of resistance above 158.48, and by rule, any break above resistance is a buy signal. In this case, 159.24, 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 RXI slightly near 159.24, target 158.32, Stop Loss @ 159.61. Details

The technical summary data is suggesting a short of RXI if it tests 159.24 with a downside target of 158.32. We should have a stop loss in place at 159.61 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, 159.24, 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 Global Consumer Discretionary Etf (RXI) available here: RXI.

RXI Ratings for December 25:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	146.43
P2	158.32	159.24	154.79
P3	159.23	161.59	163.01

AI Generated Signals for RXI

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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 Ishares Global Consumer Discretionary Etf (NYSE: RXI) 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 RXI 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.