(GIGB) Long Term Investment Analysis

November 23, 2024, 08:02 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GIGB

• Buy GIGB near 45.39 target 46.26 stop loss @ 45.26 Details

The technical summary data tells us to buy GIGB near 45.39 with an upside target of 46.26. This data also tells us to set a stop loss @ 45.26 to protect against excessive loss in case the stock begins to move against the trade. 45.39 is the first level of support below 45.65 , and by rule, any test of support is a buy signal. In this case, support 45.39 would be being tested, so a buy signal would exist.

• Short GIGB slightly under 46.26, target 45.39, stop loss @ 46.39 Details

The technical summary data is suggesting a short of GIGB as it gets near 46.26 with a downside target of 45.39. We should have a stop loss in place at 46.39though. 46.26 is the first level of resistance above 45.65, and by rule, any test of resistance is a short signal. In this case, if resistance 46.26 is being tested, so a short signal would exist.

Swing Trading Plans for GIGB

• Buy GIGB slightly over 45.8, target 46.26, Stop Loss @ 45.67 Details

If 45.8 begins to break higher, the technical summary data tells us to buy GIGB just slightly over 45.8, with an upside target of 46.26. The data also tells us to set a stop loss @ 45.67 in case the stock turns against the trade. 45.8 is the first level of resistance above 45.65, and by rule, any break above resistance is a buy signal. In this case, 45.8, 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 GIGB slightly near 45.8, target 45.45, Stop Loss @ 45.93. Details

The technical summary data is suggesting a short of GIGB if it tests 45.8 with a downside target of 45.45. We should have a stop loss in place at 45.93 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, 45.8, 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 GIGB

• Buy GIGB slightly over 45.82, target 46.26, Stop Loss @ 45.71 Details

If 45.82 begins to break higher, the technical summary data tells us to buy GIGB just slightly over 45.82, with an upside target of 46.26. The data also tells us to set a stop loss @ 45.71 in case the stock turns against the trade. 45.82 is the first level of resistance above 45.65, and by rule, any break above resistance is a buy signal. In this case, 45.82, 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 GIGB slightly near 45.82, target 45.45, Stop Loss @ 45.93. Details

The technical summary data is suggesting a short of GIGB if it tests 45.82 with a downside target of 45.45. We should have a stop loss in place at 45.93 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, 45.82, 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 Goldman Sachs Access Investment Grade Corporate Bond Etf (GIGB) available here: GIGB.

GIGB Ratings for November 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	45.39
P2	45.82	45.45	46.26
P3	0	45.8	47.13

AI Generated Signals for GIGB

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Technically, Goldman Sachs Access Investment Grade Corporate Bond Etf (NASDAQ: GIGB) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if GIGB 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 GIGB too.  All of these are offered below the Summary Table.