Learn to Evaluate (ITB) using the Charts
February 14, 2024, 12:48 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ITB
- Buy ITB slightly over 98.01 target 105.93 stop loss @ 97.73 Details
The technical summary data tells us to buy ITB near 98.01 with an upside target of 105.93. This data also tells us to set a stop loss @ 97.73 to protect against excessive loss in case the stock begins to move against the trade. 98.01 is the first level of support below 102.8 , and by rule, any test of support is a buy signal. In this case, support 98.01 is being tested, a buy signal would exist.
- Short ITB slightly under 105.93, target 98.01, stop loss @ 106.24 Details
The technical summary data is suggesting a short of ITB as it gets near 105.93 with a downside target of 98.01. We should have a stop loss in place at 106.24though. 105.93 is the first level of resistance above 102.8, and by rule, any test of resistance is a short signal. In this case, if resistance 105.93 is being tested, a short signal would exist.
Swing Trading Plans for ITB
- Buy ITB slightly over 104.62, target 105.93, Stop Loss @ 104.32 Details
If 104.62 begins to break higher, the technical summary data tells us to buy ITB just slightly over 104.62, with an upside target of 105.93. The data also tells us to set a stop loss @ 104.32 in case the stock turns against the trade. 104.62 is the first level of resistance above 102.8, and by rule, any break above resistance is a buy signal. In this case, 104.62, 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 ITB slightly near 104.62, target 102, Stop Loss @ 104.92. Details
The technical summary data is suggesting a short of ITB if it tests 104.62 with a downside target of 102. We should have a stop loss in place at 104.92 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, 104.62, 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 ITB
- Buy ITB slightly over 104.76, target 105.93, Stop Loss @ 104.52 Details
If 104.76 begins to break higher, the technical summary data tells us to buy ITB just slightly over 104.76, with an upside target of 105.93. The data also tells us to set a stop loss @ 104.52 in case the stock turns against the trade. 104.76 is the first level of resistance above 102.8, and by rule, any break above resistance is a buy signal. In this case, 104.76, 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 ITB slightly near 104.76, target 102.11, Stop Loss @ 105. Details
The technical summary data is suggesting a short of ITB if it tests 104.76 with a downside target of 102.11. We should have a stop loss in place at 105 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, 104.76, 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 Ishares U.s. Home Construction Etf (ITB) available here: ITB.
ITB Ratings for February 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
89.84 |
| P2 |
102.11 |
102 |
98.01 |
| P3 |
104.76 |
104.62 |
105.93 |
AI Generated Signals for ITB
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Ishares U.s. Home Construction Etf (NYSE: ITB) report below can help you understand how to do this. The trading plans for ITB, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ITB:
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