Learn to Evaluate Spdr S&p Oil & Gas Equipment & (XES) using the Charts
February 22, 2023, 01:30 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XES
- Buy XES slightly over 77.29 target 89.05 stop loss @ 77.07 Details
The technical summary data tells us to buy XES near 77.29 with an upside target of 89.05. This data also tells us to set a stop loss @ 77.07 to protect against excessive loss in case the stock begins to move against the trade. 77.29 is the first level of support below 82.64 , and by rule, any test of support is a buy signal. In this case, support 77.29 is being tested, a buy signal would exist.
- Short XES slightly under 89.05, target 77.29, stop loss @ 89.31 Details
The technical summary data is suggesting a short of XES as it gets near 89.05 with a downside target of 77.29. We should have a stop loss in place at 89.31though. 89.05 is the first level of resistance above 82.64, and by rule, any test of resistance is a short signal. In this case, if resistance 89.05 is being tested, a short signal would exist.
Swing Trading Plans for XES
- Buy XES slightly over 86.15, target 89.05, Stop Loss @ 85.9 Details
If 86.15 begins to break higher, the technical summary data tells us to buy XES just slightly over 86.15, with an upside target of 89.05. The data also tells us to set a stop loss @ 85.9 in case the stock turns against the trade. 86.15 is the first level of resistance above 82.64, and by rule, any break above resistance is a buy signal. In this case, 86.15, 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 XES slightly near 86.15, target 77.29, Stop Loss @ 86.4. Details
The technical summary data is suggesting a short of XES if it tests 86.15 with a downside target of 77.29. We should have a stop loss in place at 86.4 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, 86.15, 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 XES
- Buy XES slightly over 84.95, target 86.15, Stop Loss @ 84.75 Details
If 84.95 begins to break higher, the technical summary data tells us to buy XES just slightly over 84.95, with an upside target of 86.15. The data also tells us to set a stop loss @ 84.75 in case the stock turns against the trade. 84.95 is the first level of resistance above 82.64, and by rule, any break above resistance is a buy signal. In this case, 84.95, 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 XES slightly near 84.95, target 77.29, Stop Loss @ 85.15. Details
The technical summary data is suggesting a short of XES if it tests 84.95 with a downside target of 77.29. We should have a stop loss in place at 85.15 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, 84.95, 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 Oil & Gas Equipment & (XES) available here: XES.
XES Ratings for February 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
65.61 |
| P2 |
84.95 |
86.15 |
77.29 |
| P3 |
88.68 |
90.11 |
89.05 |
AI Generated Signals for XES
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 Spdr S&p Oil & Gas Equipment & (NYSE: XES) report below can help you understand how to do this. The trading plans for XES, 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 XES:
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