When Spdr S&p Midcap 400 ($MDY) Moves Investors should Listen
May 16, 2023, 09:45 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDY
- Buy MDY slightly over 444.88 target 476.00 stop loss @ 443.6 Details
The technical summary data tells us to buy MDY near 444.88 with an upside target of 476.00. This data also tells us to set a stop loss @ 443.6 to protect against excessive loss in case the stock begins to move against the trade. 444.88 is the first level of support below 445.33 , and by rule, any test of support is a buy signal. In this case, support 444.88 is being tested, a buy signal would exist.
- Short MDY slightly under 476.00, target 444.88, stop loss @ 477.37 Details
The technical summary data is suggesting a short of MDY as it gets near 476.00 with a downside target of 444.88. We should have a stop loss in place at 477.37though. 476.00 is the first level of resistance above 445.33, and by rule, any test of resistance is a short signal. In this case, if resistance 476.00 is being tested, a short signal would exist.
Swing Trading Plans for MDY
- Buy MDY slightly over 447.35, target 476.00, Stop Loss @ 446.06 Details
If 447.35 begins to break higher, the technical summary data tells us to buy MDY just slightly over 447.35, with an upside target of 476.00. The data also tells us to set a stop loss @ 446.06 in case the stock turns against the trade. 447.35 is the first level of resistance above 445.33, and by rule, any break above resistance is a buy signal. In this case, 447.35, 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 MDY slightly near 447.35, target 444.88, Stop Loss @ 448.64. Details
The technical summary data is suggesting a short of MDY if it tests 447.35 with a downside target of 444.88. We should have a stop loss in place at 448.64 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, 447.35, 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 MDY
- Buy MDY slightly over 445.75, target 447.35, Stop Loss @ 444.71 Details
If 445.75 begins to break higher, the technical summary data tells us to buy MDY just slightly over 445.75, with an upside target of 447.35. The data also tells us to set a stop loss @ 444.71 in case the stock turns against the trade. 445.75 is the first level of resistance above 445.33, and by rule, any break above resistance is a buy signal. In this case, 445.75, 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 MDY slightly near 445.75, target 444.88, Stop Loss @ 446.79. Details
The technical summary data is suggesting a short of MDY if it tests 445.75 with a downside target of 444.88. We should have a stop loss in place at 446.79 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, 445.75, 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 S&p Midcap 400 (MDY) available here: MDY.
MDY Ratings for May 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
412.21 |
| P2 |
441.86 |
439.04 |
444.88 |
| P3 |
445.75 |
447.35 |
476.00 |
AI Generated Signals for MDY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Spdr S&p Midcap 400 (NYSE: MDY) report below is a real world example. Included are trading plans for MDY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MDY:
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