(FXH) Long Term Investment Analysis

November 23, 2024, 05:44 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FXH

• Buy FXH near 106.93 target 110.87 stop loss @ 106.62 Details

The technical summary data tells us to buy FXH near 106.93 with an upside target of 110.87. This data also tells us to set a stop loss @ 106.62 to protect against excessive loss in case the stock begins to move against the trade. 106.93 is the first level of support below 109.44 , and by rule, any test of support is a buy signal. In this case, support 106.93 would be being tested, so a buy signal would exist.

• Short FXH slightly under 110.87, target 106.93, stop loss @ 111.19 Details

The technical summary data is suggesting a short of FXH as it gets near 110.87 with a downside target of 106.93. We should have a stop loss in place at 111.19though. 110.87 is the first level of resistance above 109.44, and by rule, any test of resistance is a short signal. In this case, if resistance 110.87 is being tested, so a short signal would exist.

Swing Trading Plans for FXH

• Buy FXH slightly over 110.87, target 114.82, Stop Loss @ 110.55 Details

If 110.87 begins to break higher, the technical summary data tells us to buy FXH just slightly over 110.87, with an upside target of 114.82. The data also tells us to set a stop loss @ 110.55 in case the stock turns against the trade. 110.87 is the first level of resistance above 109.44, and by rule, any break above resistance is a buy signal. In this case, 110.87, 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 FXH slightly near 110.87, target 108.65, Stop Loss @ 111.19. Details

The technical summary data is suggesting a short of FXH if it tests 110.87 with a downside target of 108.65. We should have a stop loss in place at 111.19 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, 110.87, 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 FXH

• Buy FXH slightly over 110.87, target 114.82, Stop Loss @ 110.61 Details

If 110.87 begins to break higher, the technical summary data tells us to buy FXH just slightly over 110.87, with an upside target of 114.82. The data also tells us to set a stop loss @ 110.61 in case the stock turns against the trade. 110.87 is the first level of resistance above 109.44, and by rule, any break above resistance is a buy signal. In this case, 110.87, 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 FXH slightly near 110.87, target 108.7, Stop Loss @ 111.13. Details

The technical summary data is suggesting a short of FXH if it tests 110.87 with a downside target of 108.7. We should have a stop loss in place at 111.13 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, 110.87, 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 First Trust Health Care Alphadex Fund (FXH) available here: FXH.

FXH Ratings for November 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	106.93
P2	107.66	105.42	110.87
P3	108.7	108.65	114.82

AI Generated Signals for FXH

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Technically, First Trust Health Care Alphadex Fund (NYSE: FXH) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FXH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FXH 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 FXH too.  All of these are offered below the Summary Table.