Learn to Evaluate (CARZ) using the Charts

January 28, 2024, 10:42 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CARZ

• Buy CARZ slightly over 54.8 target 58.45 stop loss @ 54.64 Details

The technical summary data tells us to buy CARZ near 54.8 with an upside target of 58.45. This data also tells us to set a stop loss @ 54.64 to protect against excessive loss in case the stock begins to move against the trade. 54.8 is the first level of support below 55.06 , and by rule, any test of support is a buy signal. In this case, support 54.8 is being tested, a buy signal would exist.

• Short CARZ slightly under 58.45, target 54.8, stop loss @ 58.62 Details

The technical summary data is suggesting a short of CARZ as it gets near 58.45 with a downside target of 54.8. We should have a stop loss in place at 58.62though. 58.45 is the first level of resistance above 55.06, and by rule, any test of resistance is a short signal. In this case, if resistance 58.45 is being tested, a short signal would exist.

Swing Trading Plans for CARZ

• Buy CARZ slightly over 56.34, target 58.45, Stop Loss @ 56.18 Details

If 56.34 begins to break higher, the technical summary data tells us to buy CARZ just slightly over 56.34, with an upside target of 58.45. The data also tells us to set a stop loss @ 56.18 in case the stock turns against the trade. 56.34 is the first level of resistance above 55.06, and by rule, any break above resistance is a buy signal. In this case, 56.34, 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 CARZ slightly near 56.34, target 54.8, Stop Loss @ 56.5. Details

The technical summary data is suggesting a short of CARZ if it tests 56.34 with a downside target of 54.8. We should have a stop loss in place at 56.5 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, 56.34, 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 CARZ

• Buy CARZ slightly over 55.92, target 56.34, Stop Loss @ 55.79 Details

If 55.92 begins to break higher, the technical summary data tells us to buy CARZ just slightly over 55.92, with an upside target of 56.34. The data also tells us to set a stop loss @ 55.79 in case the stock turns against the trade. 55.92 is the first level of resistance above 55.06, and by rule, any break above resistance is a buy signal. In this case, 55.92, 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 CARZ slightly near 55.92, target 55.01, Stop Loss @ 56.05. Details

The technical summary data is suggesting a short of CARZ if it tests 55.92 with a downside target of 55.01. We should have a stop loss in place at 56.05 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, 55.92, 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 Nasdaq Global Auto Index Fund (CARZ) available here: CARZ.

CARZ Ratings for January 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	51.26
P2	55.01	54.72	54.8
P3	55.92	56.34	58.45

AI Generated Signals for CARZ

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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  First Trust Nasdaq Global Auto Index Fund (NASDAQ: CARZ) report below can help you understand how to do this. The trading plans for CARZ, 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.