When the Price of (FXL) Talks, People Listen
April 01, 2024, 22:14 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXL
- Buy FXL slightly over 133.92 target 141.38 stop loss @ 133.53 Details
The technical summary data tells us to buy FXL near 133.92 with an upside target of 141.38. This data also tells us to set a stop loss @ 133.53 to protect against excessive loss in case the stock begins to move against the trade. 133.92 is the first level of support below 134.39 , and by rule, any test of support is a buy signal. In this case, support 133.92 is being tested, a buy signal would exist.
- Short FXL slightly under 141.38, target 133.92, stop loss @ 141.79 Details
The technical summary data is suggesting a short of FXL as it gets near 141.38 with a downside target of 133.92. We should have a stop loss in place at 141.79though. 141.38 is the first level of resistance above 134.39, and by rule, any test of resistance is a short signal. In this case, if resistance 141.38 is being tested, a short signal would exist.
Swing Trading Plans for FXL
- Buy FXL slightly over 136.67, target 141.38, Stop Loss @ 136.28 Details
If 136.67 begins to break higher, the technical summary data tells us to buy FXL just slightly over 136.67, with an upside target of 141.38. The data also tells us to set a stop loss @ 136.28 in case the stock turns against the trade. 136.67 is the first level of resistance above 134.39, and by rule, any break above resistance is a buy signal. In this case, 136.67, 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 FXL slightly near 136.67, target 134.16, Stop Loss @ 137.06. Details
The technical summary data is suggesting a short of FXL if it tests 136.67 with a downside target of 134.16. We should have a stop loss in place at 137.06 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, 136.67, 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 FXL
- Buy FXL slightly over 135.09, target 136.67, Stop Loss @ 134.77 Details
If 135.09 begins to break higher, the technical summary data tells us to buy FXL just slightly over 135.09, with an upside target of 136.67. The data also tells us to set a stop loss @ 134.77 in case the stock turns against the trade. 135.09 is the first level of resistance above 134.39, and by rule, any break above resistance is a buy signal. In this case, 135.09, 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 FXL slightly near 135.09, target 134.16, Stop Loss @ 135.41. Details
The technical summary data is suggesting a short of FXL if it tests 135.09 with a downside target of 134.16. We should have a stop loss in place at 135.41 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, 135.09, 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 First Trust Technology Alphadex Fund (FXL) available here: FXL.
FXL Ratings for April 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
126.42 |
| P2 |
134.12 |
134.16 |
133.92 |
| P3 |
135.09 |
136.67 |
141.38 |
AI Generated Signals for FXL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of First Trust Technology Alphadex Fund (NYSE: FXL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for FXL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FXL:
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