When the Price of (NXTG) Talks, People Listen
June 23, 2024, 15:08 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXTG
- Buy NXTG slightly over 80.04 target 83.52 stop loss @ 79.81 Details
The technical summary data tells us to buy NXTG near 80.04 with an upside target of 83.52. This data also tells us to set a stop loss @ 79.81 to protect against excessive loss in case the stock begins to move against the trade. 80.04 is the first level of support below 81.99 , and by rule, any test of support is a buy signal. In this case, support 80.04 is being tested, a buy signal would exist.
- Short NXTG slightly under 83.52, target 80.04, stop loss @ 83.76 Details
The technical summary data is suggesting a short of NXTG as it gets near 83.52 with a downside target of 80.04. We should have a stop loss in place at 83.76though. 83.52 is the first level of resistance above 81.99, and by rule, any test of resistance is a short signal. In this case, if resistance 83.52 is being tested, a short signal would exist.
Swing Trading Plans for NXTG
- Buy NXTG slightly over 82.07, target 83.11, Stop Loss @ 81.83 Details
If 82.07 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 82.07, with an upside target of 83.11. The data also tells us to set a stop loss @ 81.83 in case the stock turns against the trade. 82.07 is the first level of resistance above 81.99, and by rule, any break above resistance is a buy signal. In this case, 82.07, 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 NXTG slightly near 82.07, target 80.04, Stop Loss @ 82.31. Details
The technical summary data is suggesting a short of NXTG if it tests 82.07 with a downside target of 80.04. We should have a stop loss in place at 82.31 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, 82.07, 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 NXTG
- Buy NXTG slightly over 82.21, target 83.14, Stop Loss @ 82.02 Details
If 82.21 begins to break higher, the technical summary data tells us to buy NXTG just slightly over 82.21, with an upside target of 83.14. The data also tells us to set a stop loss @ 82.02 in case the stock turns against the trade. 82.21 is the first level of resistance above 81.99, and by rule, any break above resistance is a buy signal. In this case, 82.21, 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 NXTG slightly near 82.21, target 80.04, Stop Loss @ 82.4. Details
The technical summary data is suggesting a short of NXTG if it tests 82.21 with a downside target of 80.04. We should have a stop loss in place at 82.4 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, 82.21, 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 Index Nextg Etf (NXTG) available here: NXTG.
NXTG Ratings for June 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
76.46 |
| P2 |
82.21 |
82.07 |
80.04 |
| P3 |
83.14 |
83.11 |
83.52 |
AI Generated Signals for NXTG
Blue = Current Price
Red= Resistance
Green = Support
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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 First Trust Index Nextg Etf (NASDAQ: NXTG) 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 NXTG 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.
Fundamental Charts for NXTG:
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