How the (NXRT) price action is used to our Advantage
November 14, 2024, 04:08 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NXRT
- Buy NXRT near 45.25 target 49.24 stop loss @ 45.12 Details
The technical summary data tells us to buy NXRT near 45.25 with an upside target of 49.24. This data also tells us to set a stop loss @ 45.12 to protect against excessive loss in case the stock begins to move against the trade. 45.25 is the first level of support below 46.01 , and by rule, any test of support is a buy signal. In this case, support 45.25 is being tested, a buy signal would exist.
- Short NXRT slightly under 49.24, target 45.25, stop loss @ 49.38 Details
The technical summary data is suggesting a short of NXRT as it gets near 49.24 with a downside target of 45.25. We should have a stop loss in place at 49.38though. 49.24 is the first level of resistance above 46.01, and by rule, any test of resistance is a short signal. In this case, if resistance 49.24 is being tested, a short signal would exist.
Swing Trading Plans for NXRT
- Buy NXRT slightly over 47.8, target 49.24, Stop Loss @ 47.66 Details
If 47.8 begins to break higher, the technical summary data tells us to buy NXRT just slightly over 47.8, with an upside target of 49.24. The data also tells us to set a stop loss @ 47.66 in case the stock turns against the trade. 47.8 is the first level of resistance above 46.01, and by rule, any break above resistance is a buy signal. In this case, 47.8, 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 NXRT slightly near 47.8, target 45.25, Stop Loss @ 47.94. Details
The technical summary data is suggesting a short of NXRT if it tests 47.8 with a downside target of 45.25. We should have a stop loss in place at 47.94 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, 47.8, 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 NXRT
- Buy NXRT slightly over 46.33, target 47.59, Stop Loss @ 46.22 Details
If 46.33 begins to break higher, the technical summary data tells us to buy NXRT just slightly over 46.33, with an upside target of 47.59. The data also tells us to set a stop loss @ 46.22 in case the stock turns against the trade. 46.33 is the first level of resistance above 46.01, and by rule, any break above resistance is a buy signal. In this case, 46.33, 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 NXRT slightly near 46.33, target 45.25, Stop Loss @ 46.44. Details
The technical summary data is suggesting a short of NXRT if it tests 46.33 with a downside target of 45.25. We should have a stop loss in place at 46.44 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, 46.33, 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 Nexpoint Residential Trust Inc. (NXRT) available here: NXRT.
NXRT Ratings for November 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
41.37 |
| P2 |
46.33 |
45.22 |
45.25 |
| P3 |
47.59 |
47.8 |
49.24 |
AI Generated Signals for NXRT
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 Nexpoint Residential Trust Inc. (NASDAQ: NXRT) data table below can help you with price action, and we have more details too. Trading plans for NXRT 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 NXRT:
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