When the Price of (SOCL) Talks, People Listen
October 30, 2024, 09:56 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SOCL
- Buy SOCL near 41.92 target 44.53 stop loss @ 41.8 Details
The technical summary data tells us to buy SOCL near 41.92 with an upside target of 44.53. This data also tells us to set a stop loss @ 41.8 to protect against excessive loss in case the stock begins to move against the trade. 41.92 is the first level of support below 42.66 , and by rule, any test of support is a buy signal. In this case, support 41.92 is being tested, a buy signal would exist.
- Short SOCL slightly under 44.53, target 41.92, stop loss @ 44.66 Details
The technical summary data is suggesting a short of SOCL as it gets near 44.53 with a downside target of 41.92. We should have a stop loss in place at 44.66though. 44.53 is the first level of resistance above 42.66, and by rule, any test of resistance is a short signal. In this case, if resistance 44.53 is being tested, a short signal would exist.
Swing Trading Plans for SOCL
- Buy SOCL slightly over 44.53, target n/a, Stop Loss @ 44.4 Details
If 44.53 begins to break higher, the technical summary data tells us to buy SOCL just slightly over 44.53, with an upside target of n/a. The data also tells us to set a stop loss @ 44.4 in case the stock turns against the trade. 44.53 is the first level of resistance above 42.66, and by rule, any break above resistance is a buy signal. In this case, 44.53, 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 SOCL slightly near 44.53, target 42.06, Stop Loss @ 44.66. Details
The technical summary data is suggesting a short of SOCL if it tests 44.53 with a downside target of 42.06. We should have a stop loss in place at 44.66 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, 44.53, 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 SOCL
- Buy SOCL slightly over 44.53, target n/a, Stop Loss @ 44.43 Details
If 44.53 begins to break higher, the technical summary data tells us to buy SOCL just slightly over 44.53, with an upside target of n/a. The data also tells us to set a stop loss @ 44.43 in case the stock turns against the trade. 44.53 is the first level of resistance above 42.66, and by rule, any break above resistance is a buy signal. In this case, 44.53, 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 SOCL slightly near 44.53, target 42.65, Stop Loss @ 44.63. Details
The technical summary data is suggesting a short of SOCL if it tests 44.53 with a downside target of 42.65. We should have a stop loss in place at 44.63 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, 44.53, 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 Global X Fds (SOCL) available here: SOCL.
SOCL Ratings for October 30:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Weak |
Neutral |
P1 |
0 |
0 |
39.43 |
P2 |
42.06 |
41.04 |
41.92 |
P3 |
42.65 |
42.06 |
44.53 |
AI Generated Signals for SOCL
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 Global X Fds (NASDAQ: SOCL) 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 SOCL 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 SOCL: