(FTEC) Proactive Strategies

July 31, 2024, 20:28 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FTEC

• Buy FTEC slightly over 161.92 target 171.05 stop loss @ 161.45 Details

The technical summary data tells us to buy FTEC near 161.92 with an upside target of 171.05. This data also tells us to set a stop loss @ 161.45 to protect against excessive loss in case the stock begins to move against the trade. 161.92 is the first level of support below 168.98 , and by rule, any test of support is a buy signal. In this case, support 161.92 would be being tested, so a buy signal would exist.

• Short FTEC slightly under 171.05, target 161.92, stop loss @ 171.54 Details

The technical summary data is suggesting a short of FTEC as it gets near 171.05 with a downside target of 161.92. We should have a stop loss in place at 171.54though. 171.05 is the first level of resistance above 168.98, and by rule, any test of resistance is a short signal. In this case, if resistance 171.05 is being tested, so a short signal would exist.

Swing Trading Plans for FTEC

• Buy FTEC slightly over 171.05, target 179.76, Stop Loss @ 170.56 Details

If 171.05 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 171.05, with an upside target of 179.76. The data also tells us to set a stop loss @ 170.56 in case the stock turns against the trade. 171.05 is the first level of resistance above 168.98, and by rule, any break above resistance is a buy signal. In this case, 171.05, 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 FTEC slightly near 171.05, target 167, Stop Loss @ 171.54. Details

The technical summary data is suggesting a short of FTEC if it tests 171.05 with a downside target of 167. We should have a stop loss in place at 171.54 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, 171.05, 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 FTEC

• Buy FTEC slightly over 171.05, target 179.76, Stop Loss @ 170.65 Details

If 171.05 begins to break higher, the technical summary data tells us to buy FTEC just slightly over 171.05, with an upside target of 179.76. The data also tells us to set a stop loss @ 170.65 in case the stock turns against the trade. 171.05 is the first level of resistance above 168.98, and by rule, any break above resistance is a buy signal. In this case, 171.05, 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 FTEC slightly near 171.05, target 168.33, Stop Loss @ 171.45. Details

The technical summary data is suggesting a short of FTEC if it tests 171.05 with a downside target of 168.33. We should have a stop loss in place at 171.45 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, 171.05, 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 Fidelity Msci Information Technology Index Etf (FTEC) available here: FTEC.

FTEC Ratings for July 31:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	161.92
P2	164.61	161.77	171.05
P3	168.33	167	179.76

AI Generated Signals for FTEC

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Don't over think it!  Trading Fidelity Msci Information Technology Index Etf (NASDAQ: FTEC) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FTEC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FTEC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FTEC too.  All of these are offered below the Summary Table.