Trading (VIRS) With Integrated Risk Controls
March 08, 2024, 22:20 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for VIRS
- Buy VIRS slightly over 34.46 target n/a stop loss @ 34.36. Details
The technical summary data tells us to buy VIRS near 34.46, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 34.36 to protect against excessive loss in case the stock begins to move against the trade. 34.46 is the first level of support below 35.8959, and by rule, any test of support is a buy signal. In this case, if support 34.46 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for VIRS
- Buy VIRS slightly over 36.09, target n/a, Stop Loss @ 35.99 Details
If 36.09 begins to break higher, the technical summary data tells us to buy VIRS just slightly over 36.09, with an upside target of n/a. The data also tells us to set a stop loss @ 35.99 in case the stock turns against the trade. 36.09 is the first level of resistance above 35.8959, and by rule, any break above resistance is a buy signal. In this case, 36.09, 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 VIRS slightly near 36.09, target 35.72, Stop Loss @ 36.19. Details
The technical summary data is suggesting a short of VIRS if it tests 36.09 with a downside target of 35.72. We should have a stop loss in place at 36.19 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, 36.09, 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 VIRS
- Buy VIRS slightly over 36.09, target n/a, Stop Loss @ 36.01 Details
If 36.09 begins to break higher, the technical summary data tells us to buy VIRS just slightly over 36.09, with an upside target of n/a. The data also tells us to set a stop loss @ 36.01 in case the stock turns against the trade. 36.09 is the first level of resistance above 35.8959, and by rule, any break above resistance is a buy signal. In this case, 36.09, 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 VIRS slightly near 36.09, target 35.74, Stop Loss @ 36.17. Details
The technical summary data is suggesting a short of VIRS if it tests 36.09 with a downside target of 35.74. We should have a stop loss in place at 36.17 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, 36.09, 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 Pacer Biothreat Strategy Etf (VIRS) available here: VIRS.
VIRS Ratings for March 08:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
31.5 |
P2 |
35.74 |
35.72 |
33.02 |
P3 |
0 |
36.09 |
34.46 |
AI Generated Signals for VIRS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for VIRS: