How the price action of Spdr S&p Dividend ($SDY) is used to our Advantage
September 21, 2023, 06:30 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SDY
- Buy SDY slightly over 117.90 target 123.29 stop loss @ 117.56 Details
The technical summary data tells us to buy SDY near 117.90 with an upside target of 123.29. This data also tells us to set a stop loss @ 117.56 to protect against excessive loss in case the stock begins to move against the trade. 117.90 is the first level of support below 119.28 , and by rule, any test of support is a buy signal. In this case, support 117.90 would be being tested, so a buy signal would exist.
- Short SDY slightly under 123.29, target 117.90, stop loss @ 123.65 Details
The technical summary data is suggesting a short of SDY as it gets near 123.29 with a downside target of 117.90. We should have a stop loss in place at 123.65though. 123.29 is the first level of resistance above 119.28, and by rule, any test of resistance is a short signal. In this case, if resistance 123.29 is being tested, so a short signal would exist.
Swing Trading Plans for SDY
- Buy SDY slightly over 120.31, target 123.29, Stop Loss @ 119.96 Details
If 120.31 begins to break higher, the technical summary data tells us to buy SDY just slightly over 120.31, with an upside target of 123.29. The data also tells us to set a stop loss @ 119.96 in case the stock turns against the trade. 120.31 is the first level of resistance above 119.28, and by rule, any break above resistance is a buy signal. In this case, 120.31, 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 SDY slightly near 120.31, target 118.83, Stop Loss @ 120.66. Details
The technical summary data is suggesting a short of SDY if it tests 120.31 with a downside target of 118.83. We should have a stop loss in place at 120.66 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, 120.31, 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 SDY
- Buy SDY slightly over 120.06, target 120.31, Stop Loss @ 119.78 Details
If 120.06 begins to break higher, the technical summary data tells us to buy SDY just slightly over 120.06, with an upside target of 120.31. The data also tells us to set a stop loss @ 119.78 in case the stock turns against the trade. 120.06 is the first level of resistance above 119.28, and by rule, any break above resistance is a buy signal. In this case, 120.06, 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 SDY slightly near 120.06, target 119.01, Stop Loss @ 120.34. Details
The technical summary data is suggesting a short of SDY if it tests 120.06 with a downside target of 119.01. We should have a stop loss in place at 120.34 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, 120.06, 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 S&p Dividend (SDY) available here: SDY.
SDY Ratings for September 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
117.90 |
| P2 |
119.01 |
118.83 |
123.29 |
| P3 |
120.06 |
120.31 |
128.42 |
AI Generated Signals for SDY
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 Spdr S&p Dividend (NYSE: SDY) data table below can help you with price action, and we have more details too. Trading plans for SDY 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 SDY:
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