Learn to Evaluate (MDY) using the Charts
February 06, 2024, 16:38 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDY
- Buy MDY slightly over 487.1 target 510.31 stop loss @ 485.69 Details
The technical summary data tells us to buy MDY near 487.1 with an upside target of 510.31. This data also tells us to set a stop loss @ 485.69 to protect against excessive loss in case the stock begins to move against the trade. 487.1 is the first level of support below 501.81 , and by rule, any test of support is a buy signal. In this case, support 487.1 is being tested, a buy signal would exist.
- Short MDY slightly under 510.31, target 487.1, stop loss @ 511.78 Details
The technical summary data is suggesting a short of MDY as it gets near 510.31 with a downside target of 487.1. We should have a stop loss in place at 511.78though. 510.31 is the first level of resistance above 501.81, and by rule, any test of resistance is a short signal. In this case, if resistance 510.31 is being tested, a short signal would exist.
Swing Trading Plans for MDY
- Buy MDY slightly over 507.62, target 510.31, Stop Loss @ 506.15 Details
If 507.62 begins to break higher, the technical summary data tells us to buy MDY just slightly over 507.62, with an upside target of 510.31. The data also tells us to set a stop loss @ 506.15 in case the stock turns against the trade. 507.62 is the first level of resistance above 501.81, and by rule, any break above resistance is a buy signal. In this case, 507.62, 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 MDY slightly near 507.62, target 499.4, Stop Loss @ 509.09. Details
The technical summary data is suggesting a short of MDY if it tests 507.62 with a downside target of 499.4. We should have a stop loss in place at 509.09 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, 507.62, 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 MDY
- Buy MDY slightly over 502.09, target 507.62, Stop Loss @ 500.92 Details
If 502.09 begins to break higher, the technical summary data tells us to buy MDY just slightly over 502.09, with an upside target of 507.62. The data also tells us to set a stop loss @ 500.92 in case the stock turns against the trade. 502.09 is the first level of resistance above 501.81, and by rule, any break above resistance is a buy signal. In this case, 502.09, 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 MDY slightly near 502.09, target 499.4, Stop Loss @ 503.26. Details
The technical summary data is suggesting a short of MDY if it tests 502.09 with a downside target of 499.4. We should have a stop loss in place at 503.26 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, 502.09, 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 S&p Midcap 400 Etf (MDY) available here: MDY.
MDY Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
461.57 |
| P2 |
496.25 |
499.4 |
487.1 |
| P3 |
502.09 |
507.62 |
510.31 |
AI Generated Signals for MDY
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The S&p Midcap 400 Etf (NYSE: MDY) report below can help you understand how to do this. The trading plans for MDY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MDY:
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