How the (SPTS) price action is used to our Advantage
November 15, 2024, 06:22 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPTS
- Buy SPTS near 28.9 target 29.11 stop loss @ 28.82 Details
The technical summary data tells us to buy SPTS near 28.9 with an upside target of 29.11. This data also tells us to set a stop loss @ 28.82 to protect against excessive loss in case the stock begins to move against the trade. 28.9 is the first level of support below 28.98 , and by rule, any test of support is a buy signal. In this case, support 28.9 would be being tested, so a buy signal would exist.
- Short SPTS slightly under 29.11, target 28.9, stop loss @ 29.19 Details
The technical summary data is suggesting a short of SPTS as it gets near 29.11 with a downside target of 28.9. We should have a stop loss in place at 29.19though. 29.11 is the first level of resistance above 28.98, and by rule, any test of resistance is a short signal. In this case, if resistance 29.11 is being tested, so a short signal would exist.
Swing Trading Plans for SPTS
- Buy SPTS slightly over 29.11, target n/a, Stop Loss @ 29.03 Details
If 29.11 begins to break higher, the technical summary data tells us to buy SPTS just slightly over 29.11, with an upside target of n/a. The data also tells us to set a stop loss @ 29.03 in case the stock turns against the trade. 29.11 is the first level of resistance above 28.98, and by rule, any break above resistance is a buy signal. In this case, 29.11, 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 SPTS slightly near 29.11, target n/a, Stop Loss @ 29.19. Details
The technical summary data is suggesting a short of SPTS if it tests 29.11 with a downside target of n/a. We should have a stop loss in place at 29.19 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, 29.11, 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 SPTS
- Buy SPTS slightly over 29.11, target 29.33, Stop Loss @ 29.04 Details
If 29.11 begins to break higher, the technical summary data tells us to buy SPTS just slightly over 29.11, with an upside target of 29.33. The data also tells us to set a stop loss @ 29.04 in case the stock turns against the trade. 29.11 is the first level of resistance above 28.98, and by rule, any break above resistance is a buy signal. In this case, 29.11, 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 SPTS slightly near 29.11, target n/a, Stop Loss @ 29.18. Details
The technical summary data is suggesting a short of SPTS if it tests 29.11 with a downside target of n/a. We should have a stop loss in place at 29.18 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, 29.11, 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 Spdr Portfolio Short Term Treasury Etf (SPTS) available here: SPTS.
SPTS Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
28.9 |
| P2 |
29.02 |
29.02 |
29.11 |
| P3 |
0 |
|
29.33 |
AI Generated Signals for SPTS
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Spdr Portfolio Short Term Treasury Etf (NASDAQ: SPTS) data table below can help you with price action, and we have more details too. Trading plans for SPTS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SPTS:
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