Trading (FTGS) With Integrated Risk Controls
November 12, 2024, 12:12 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FTGS
- Buy FTGS near 32.1 target 33.48 stop loss @ 32.01 Details
The technical summary data tells us to buy FTGS near 32.1 with an upside target of 33.48. This data also tells us to set a stop loss @ 32.01 to protect against excessive loss in case the stock begins to move against the trade. 32.1 is the first level of support below 32.765 , and by rule, any test of support is a buy signal. In this case, support 32.1 is being tested, a buy signal would exist.
- Short FTGS slightly under 33.48, target 32.1, stop loss @ 33.58 Details
The technical summary data is suggesting a short of FTGS as it gets near 33.48 with a downside target of 32.1. We should have a stop loss in place at 33.58though. 33.48 is the first level of resistance above 32.765, and by rule, any test of resistance is a short signal. In this case, if resistance 33.48 is being tested, a short signal would exist.
Swing Trading Plans for FTGS
- Buy FTGS slightly over 33, target 33.48, Stop Loss @ 32.9 Details
If 33 begins to break higher, the technical summary data tells us to buy FTGS just slightly over 33, with an upside target of 33.48. The data also tells us to set a stop loss @ 32.9 in case the stock turns against the trade. 33 is the first level of resistance above 32.765, and by rule, any break above resistance is a buy signal. In this case, 33, 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 FTGS slightly near 33, target 32.1, Stop Loss @ 33.1. Details
The technical summary data is suggesting a short of FTGS if it tests 33 with a downside target of 32.1. We should have a stop loss in place at 33.1 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, 33, 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 FTGS
- Buy FTGS slightly over 33, target 33.48, Stop Loss @ 32.92 Details
If 33 begins to break higher, the technical summary data tells us to buy FTGS just slightly over 33, with an upside target of 33.48. The data also tells us to set a stop loss @ 32.92 in case the stock turns against the trade. 33 is the first level of resistance above 32.765, and by rule, any break above resistance is a buy signal. In this case, 33, 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 FTGS slightly near 33, target 32.1, Stop Loss @ 33.08. Details
The technical summary data is suggesting a short of FTGS if it tests 33 with a downside target of 32.1. We should have a stop loss in place at 33.08 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, 33, 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 Growth Strength Etf (FTGS) available here: FTGS.
FTGS Ratings for November 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
30.71 |
| P2 |
32.88 |
32.03 |
32.1 |
| P3 |
33.43 |
33 |
33.48 |
AI Generated Signals for FTGS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FTGS:
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