How the (GLTR) price action is used to our Advantage
November 19, 2024, 10:04 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GLTR
- Buy GLTR near 110.92 target 115.9 stop loss @ 110.6 Details
The technical summary data tells us to buy GLTR near 110.92 with an upside target of 115.9. This data also tells us to set a stop loss @ 110.6 to protect against excessive loss in case the stock begins to move against the trade. 110.92 is the first level of support below 113.27 , and by rule, any test of support is a buy signal. In this case, support 110.92 would be being tested, so a buy signal would exist.
- Short GLTR slightly under 115.9, target 110.92, stop loss @ 116.23 Details
The technical summary data is suggesting a short of GLTR as it gets near 115.9 with a downside target of 110.92. We should have a stop loss in place at 116.23though. 115.9 is the first level of resistance above 113.27, and by rule, any test of resistance is a short signal. In this case, if resistance 115.9 is being tested, so a short signal would exist.
Swing Trading Plans for GLTR
- Buy GLTR slightly over 115.9, target 121.46, Stop Loss @ 115.57 Details
If 115.9 begins to break higher, the technical summary data tells us to buy GLTR just slightly over 115.9, with an upside target of 121.46. The data also tells us to set a stop loss @ 115.57 in case the stock turns against the trade. 115.9 is the first level of resistance above 113.27, and by rule, any break above resistance is a buy signal. In this case, 115.9, 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 GLTR slightly near 115.9, target 110.92, Stop Loss @ 116.23. Details
The technical summary data is suggesting a short of GLTR if it tests 115.9 with a downside target of 110.92. We should have a stop loss in place at 116.23 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, 115.9, 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 GLTR
- Buy GLTR slightly over 115.9, target 121.46, Stop Loss @ 115.63 Details
If 115.9 begins to break higher, the technical summary data tells us to buy GLTR just slightly over 115.9, with an upside target of 121.46. The data also tells us to set a stop loss @ 115.63 in case the stock turns against the trade. 115.9 is the first level of resistance above 113.27, and by rule, any break above resistance is a buy signal. In this case, 115.9, 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 GLTR slightly near 115.9, target 112.28, Stop Loss @ 116.17. Details
The technical summary data is suggesting a short of GLTR if it tests 115.9 with a downside target of 112.28. We should have a stop loss in place at 116.17 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, 115.9, 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 Abrdn Physical Precious Metals Basket Shares Etf (GLTR) available here: GLTR.
GLTR Ratings for November 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
110.92 |
| P2 |
110.48 |
107.82 |
115.9 |
| P3 |
112.28 |
110.78 |
121.46 |
AI Generated Signals for GLTR
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 Abrdn Physical Precious Metals Basket Shares Etf (NASDAQ: GLTR) data table below can help you with price action, and we have more details too. Trading plans for GLTR 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 GLTR:
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