Learn to Evaluate Spdr S&p Regional Banking Etf ($KRE) using the Charts
October 17, 2023, 15:30 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KRE
- Buy KRE slightly over 37.56 target 44.09 stop loss @ 37.45 Details
The technical summary data tells us to buy KRE near 37.56 with an upside target of 44.09. This data also tells us to set a stop loss @ 37.45 to protect against excessive loss in case the stock begins to move against the trade. 37.56 is the first level of support below 42.425 , and by rule, any test of support is a buy signal. In this case, support 37.56 is being tested, a buy signal would exist.
- Short KRE slightly under 44.09, target 37.56, stop loss @ 44.22 Details
The technical summary data is suggesting a short of KRE as it gets near 44.09 with a downside target of 37.56. We should have a stop loss in place at 44.22though. 44.09 is the first level of resistance above 42.425, and by rule, any test of resistance is a short signal. In this case, if resistance 44.09 is being tested, a short signal would exist.
Swing Trading Plans for KRE
- Buy KRE slightly over 44.09, target n/a, Stop Loss @ 43.96 Details
If 44.09 begins to break higher, the technical summary data tells us to buy KRE just slightly over 44.09, with an upside target of n/a. The data also tells us to set a stop loss @ 43.96 in case the stock turns against the trade. 44.09 is the first level of resistance above 42.425, and by rule, any break above resistance is a buy signal. In this case, 44.09, 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 KRE slightly near 44.09, target 41.98, Stop Loss @ 44.22. Details
The technical summary data is suggesting a short of KRE if it tests 44.09 with a downside target of 41.98. We should have a stop loss in place at 44.22 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, 44.09, 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 KRE
- Buy KRE slightly over 44.09, target n/a, Stop Loss @ 43.99 Details
If 44.09 begins to break higher, the technical summary data tells us to buy KRE just slightly over 44.09, with an upside target of n/a. The data also tells us to set a stop loss @ 43.99 in case the stock turns against the trade. 44.09 is the first level of resistance above 42.425, and by rule, any break above resistance is a buy signal. In this case, 44.09, 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 KRE slightly near 44.09, target 41.98, Stop Loss @ 44.19. Details
The technical summary data is suggesting a short of KRE if it tests 44.09 with a downside target of 41.98. We should have a stop loss in place at 44.19 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, 44.09, 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 Regional Banking Etf (KRE) available here: KRE.
KRE Ratings for October 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
30.54 |
| P2 |
40.58 |
40.40 |
37.56 |
| P3 |
41.48 |
41.98 |
44.09 |
AI Generated Signals for KRE
Blue = Current Price
Red= Resistance
Green = Support
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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 Spdr S&p Regional Banking Etf (NYSE: KRE) report below can help you understand how to do this. The trading plans for KRE, 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.
Fundamental Charts for KRE:
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