Learn to Evaluate (FNGS) using the Charts
December 03, 2024, 17:38 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FNGS
- Buy FNGS near 52.92 target 55.9 stop loss @ 52.77 Details
The technical summary data tells us to buy FNGS near 52.92 with an upside target of 55.9. This data also tells us to set a stop loss @ 52.77 to protect against excessive loss in case the stock begins to move against the trade. 52.92 is the first level of support below 55.11 , and by rule, any test of support is a buy signal. In this case, support 52.92 is being tested, a buy signal would exist.
- Short FNGS slightly under 55.9, target 52.92, stop loss @ 56.06 Details
The technical summary data is suggesting a short of FNGS as it gets near 55.9 with a downside target of 52.92. We should have a stop loss in place at 56.06though. 55.9 is the first level of resistance above 55.11, and by rule, any test of resistance is a short signal. In this case, if resistance 55.9 is being tested, a short signal would exist.
Swing Trading Plans for FNGS
- Buy FNGS slightly over 55.9, target n/a, Stop Loss @ 55.74 Details
If 55.9 begins to break higher, the technical summary data tells us to buy FNGS just slightly over 55.9, with an upside target of n/a. The data also tells us to set a stop loss @ 55.74 in case the stock turns against the trade. 55.9 is the first level of resistance above 55.11, and by rule, any break above resistance is a buy signal. In this case, 55.9, 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 FNGS slightly near 55.9, target 54.31, Stop Loss @ 56.06. Details
The technical summary data is suggesting a short of FNGS if it tests 55.9 with a downside target of 54.31. We should have a stop loss in place at 56.06 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, 55.9, 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 FNGS
- Buy FNGS slightly over 55.9, target n/a, Stop Loss @ 55.77 Details
If 55.9 begins to break higher, the technical summary data tells us to buy FNGS just slightly over 55.9, with an upside target of n/a. The data also tells us to set a stop loss @ 55.77 in case the stock turns against the trade. 55.9 is the first level of resistance above 55.11, and by rule, any break above resistance is a buy signal. In this case, 55.9, 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 FNGS slightly near 55.9, target 54.41, Stop Loss @ 56.03. Details
The technical summary data is suggesting a short of FNGS if it tests 55.9 with a downside target of 54.41. We should have a stop loss in place at 56.03 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, 55.9, 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 Microsectors Fang+ Etn (FNGS) available here: FNGS.
FNGS Ratings for December 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
49.92 |
| P2 |
53.51 |
53.09 |
52.92 |
| P3 |
54.41 |
54.31 |
55.9 |
AI Generated Signals for FNGS
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 Microsectors Fang+ Etn (NASDAQ: FNGS) report below can help you understand how to do this. The trading plans for FNGS, 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 FNGS:
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