(XBI) Pivots Trading Plans and Risk Controls

November 09, 2024, 11:42 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XBI

• Buy XBI near 101.18 target 108.14 stop loss @ 100.89 Details

The technical summary data tells us to buy XBI near 101.18 with an upside target of 108.14. This data also tells us to set a stop loss @ 100.89 to protect against excessive loss in case the stock begins to move against the trade. 101.18 is the first level of support below 104.18 , and by rule, any test of support is a buy signal. In this case, support 101.18 is being tested, a buy signal would exist.

• Short XBI slightly under 108.14, target 101.18, stop loss @ 108.45 Details

The technical summary data is suggesting a short of XBI as it gets near 108.14 with a downside target of 101.18. We should have a stop loss in place at 108.45though. 108.14 is the first level of resistance above 104.18, and by rule, any test of resistance is a short signal. In this case, if resistance 108.14 is being tested, a short signal would exist.

Swing Trading Plans for XBI

• Buy XBI slightly over 108.14, target n/a, Stop Loss @ 107.83 Details

If 108.14 begins to break higher, the technical summary data tells us to buy XBI just slightly over 108.14, with an upside target of n/a. The data also tells us to set a stop loss @ 107.83 in case the stock turns against the trade. 108.14 is the first level of resistance above 104.18, and by rule, any break above resistance is a buy signal. In this case, 108.14, 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 XBI slightly near 108.14, target 102.91, Stop Loss @ 108.45. Details

The technical summary data is suggesting a short of XBI if it tests 108.14 with a downside target of 102.91. We should have a stop loss in place at 108.45 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, 108.14, 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 XBI

• Buy XBI slightly over 108.14, target n/a, Stop Loss @ 107.89 Details

If 108.14 begins to break higher, the technical summary data tells us to buy XBI just slightly over 108.14, with an upside target of n/a. The data also tells us to set a stop loss @ 107.89 in case the stock turns against the trade. 108.14 is the first level of resistance above 104.18, and by rule, any break above resistance is a buy signal. In this case, 108.14, 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 XBI slightly near 108.14, target 104.11, Stop Loss @ 108.39. Details

The technical summary data is suggesting a short of XBI if it tests 108.14 with a downside target of 104.11. We should have a stop loss in place at 108.39 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, 108.14, 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 Biotech Etf (XBI) available here: XBI.

XBI Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	94.36
P2	102.57	100.27	101.18
P3	104.11	102.91	108.14

AI Generated Signals for XBI

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This Spdr Biotech Etf (NYSE: XBI) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XBI 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 XBI too.  All of these are offered below the Summary Table.