How the (KXI) price action is used to our Advantage
August 01, 2024, 22:42 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KXI
- Buy KXI slightly over 61.33 target 63.17 stop loss @ 61.15 Details
The technical summary data tells us to buy KXI near 61.33 with an upside target of 63.17. This data also tells us to set a stop loss @ 61.15 to protect against excessive loss in case the stock begins to move against the trade. 61.33 is the first level of support below 62.15 , and by rule, any test of support is a buy signal. In this case, support 61.33 is being tested, a buy signal would exist.
- Short KXI slightly under 63.17, target 61.33, stop loss @ 63.35 Details
The technical summary data is suggesting a short of KXI as it gets near 63.17 with a downside target of 61.33. We should have a stop loss in place at 63.35though. 63.17 is the first level of resistance above 62.15, and by rule, any test of resistance is a short signal. In this case, if resistance 63.17 is being tested, a short signal would exist.
Swing Trading Plans for KXI
- Buy KXI slightly over 63.17, target n/a, Stop Loss @ 62.99 Details
If 63.17 begins to break higher, the technical summary data tells us to buy KXI just slightly over 63.17, with an upside target of n/a. The data also tells us to set a stop loss @ 62.99 in case the stock turns against the trade. 63.17 is the first level of resistance above 62.15, and by rule, any break above resistance is a buy signal. In this case, 63.17, 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 KXI slightly near 63.17, target 62.05, Stop Loss @ 63.35. Details
The technical summary data is suggesting a short of KXI if it tests 63.17 with a downside target of 62.05. We should have a stop loss in place at 63.35 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, 63.17, 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 KXI
- Buy KXI slightly over 63.17, target n/a, Stop Loss @ 63.02 Details
If 63.17 begins to break higher, the technical summary data tells us to buy KXI just slightly over 63.17, with an upside target of n/a. The data also tells us to set a stop loss @ 63.02 in case the stock turns against the trade. 63.17 is the first level of resistance above 62.15, and by rule, any break above resistance is a buy signal. In this case, 63.17, 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 KXI slightly near 63.17, target 62.05, Stop Loss @ 63.32. Details
The technical summary data is suggesting a short of KXI if it tests 63.17 with a downside target of 62.05. We should have a stop loss in place at 63.32 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, 63.17, 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 Staples Etf (KXI) available here: KXI.
KXI Ratings for August 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
59.37 |
| P2 |
61.59 |
61.48 |
61.33 |
| P3 |
62.05 |
62.05 |
63.17 |
AI Generated Signals for KXI
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 Global Consumer Staples Etf (NYSE: KXI) data table below can help you with price action, and we have more details too. Trading plans for KXI 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 KXI:
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