(SPHY) Investment Analysis

November 25, 2024, 21:18 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPHY

• Buy SPHY near 23.75 target 24.01 stop loss @ 23.68 Details

The technical summary data tells us to buy SPHY near 23.75 with an upside target of 24.01. This data also tells us to set a stop loss @ 23.68 to protect against excessive loss in case the stock begins to move against the trade. 23.75 is the first level of support below 23.85 , and by rule, any test of support is a buy signal. In this case, support 23.75 is being tested, a buy signal would exist.

• Short SPHY slightly under 24.01, target 23.75, stop loss @ 24.08 Details

The technical summary data is suggesting a short of SPHY as it gets near 24.01 with a downside target of 23.75. We should have a stop loss in place at 24.08though. 24.01 is the first level of resistance above 23.85, and by rule, any test of resistance is a short signal. In this case, if resistance 24.01 is being tested, a short signal would exist.

Swing Trading Plans for SPHY

• Buy SPHY slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy SPHY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 23.85, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 SPHY slightly near n/a, target 23.47, Stop Loss @ 0. Details

The technical summary data is suggesting a short of SPHY if it tests n/a with a downside target of 23.47. We should have a stop loss in place at 0 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, n/a, 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 SPHY

• Buy SPHY slightly over 24.01, target n/a, Stop Loss @ 23.95 Details

If 24.01 begins to break higher, the technical summary data tells us to buy SPHY just slightly over 24.01, with an upside target of n/a. The data also tells us to set a stop loss @ 23.95 in case the stock turns against the trade. 24.01 is the first level of resistance above 23.85, and by rule, any break above resistance is a buy signal. In this case, 24.01, 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 SPHY slightly near 24.01, target 23.47, Stop Loss @ 24.07. Details

The technical summary data is suggesting a short of SPHY if it tests 24.01 with a downside target of 23.47. We should have a stop loss in place at 24.07 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, 24.01, 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 High Yield Bond Etf (SPHY) available here: SPHY.

SPHY Ratings for November 25:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	23.47
P2	23.86	23.83	23.75
P3	0		24.01

AI Generated Signals for SPHY

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPHY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPHY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPHY too.  All of these are offered below the Summary Table.