Learn to Evaluate (XES) using the Charts
October 30, 2024, 13:22 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XES
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short XES slightly under 79.24, target n/a, stop loss @ 79.47 Details
The technical summary data is suggesting a short of XES as it gets near 79.24, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 79.47. 79.24 is the first level of resistance above 77.36, and by rule, any test of resistance is a short signal. In this case, if resistance 79.24 is being tested, so a short signal would exist.
Swing Trading Plans for XES
- Buy XES slightly over 79.24, target 86.86, Stop Loss @ 79.01 Details
If 79.24 begins to break higher, the technical summary data tells us to buy XES just slightly over 79.24, with an upside target of 86.86. The data also tells us to set a stop loss @ 79.01 in case the stock turns against the trade. 79.24 is the first level of resistance above 77.36, and by rule, any break above resistance is a buy signal. In this case, 79.24, 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 XES slightly near 79.24, target 77.35, Stop Loss @ 79.47. Details
The technical summary data is suggesting a short of XES if it tests 79.24 with a downside target of 77.35. We should have a stop loss in place at 79.47 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, 79.24, 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 XES
- Buy XES slightly over 78.17, target 79.24, Stop Loss @ 77.99 Details
If 78.17 begins to break higher, the technical summary data tells us to buy XES just slightly over 78.17, with an upside target of 79.24. The data also tells us to set a stop loss @ 77.99 in case the stock turns against the trade. 78.17 is the first level of resistance above 77.36, and by rule, any break above resistance is a buy signal. In this case, 78.17, 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 XES slightly near 78.17, target 77.35, Stop Loss @ 78.35. Details
The technical summary data is suggesting a short of XES if it tests 78.17 with a downside target of 77.35. We should have a stop loss in place at 78.35 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, 78.17, 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 Spdr Oil & Gas Equipment And Services Etf (XES) available here: XES.
XES Ratings for October 30:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Neutral |
P1 |
0 |
0 |
79.24 |
P2 |
76.61 |
75.51 |
86.86 |
P3 |
78.17 |
77.35 |
94.74 |
AI Generated Signals for XES
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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 Spdr Oil & Gas Equipment And Services Etf (NYSE: XES) report below can help you understand how to do this. The trading plans for XES, 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 XES: