How the (XSW) price action is used to our Advantage
February 03, 2024, 07:50 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for XSW
- Buy XSW slightly over 142.84 target 152.05 stop loss @ 142.43 Details
The technical summary data tells us to buy XSW near 142.84 with an upside target of 152.05. This data also tells us to set a stop loss @ 142.43 to protect against excessive loss in case the stock begins to move against the trade. 142.84 is the first level of support below 150.135 , and by rule, any test of support is a buy signal. In this case, support 142.84 is being tested, a buy signal would exist.
- Short XSW slightly under 152.05, target 142.84, stop loss @ 152.49 Details
The technical summary data is suggesting a short of XSW as it gets near 152.05 with a downside target of 142.84. We should have a stop loss in place at 152.49though. 152.05 is the first level of resistance above 150.135, and by rule, any test of resistance is a short signal. In this case, if resistance 152.05 is being tested, a short signal would exist.
Swing Trading Plans for XSW
- Buy XSW slightly over 152.05, target 154.03, Stop Loss @ 151.61 Details
If 152.05 begins to break higher, the technical summary data tells us to buy XSW just slightly over 152.05, with an upside target of 154.03. The data also tells us to set a stop loss @ 151.61 in case the stock turns against the trade. 152.05 is the first level of resistance above 150.135, and by rule, any break above resistance is a buy signal. In this case, 152.05, 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 XSW slightly near 152.05, target 149.87, Stop Loss @ 152.49. Details
The technical summary data is suggesting a short of XSW if it tests 152.05 with a downside target of 149.87. We should have a stop loss in place at 152.49 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, 152.05, 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 XSW
- Buy XSW slightly over 150.52, target 152.05, Stop Loss @ 150.17 Details
If 150.52 begins to break higher, the technical summary data tells us to buy XSW just slightly over 150.52, with an upside target of 152.05. The data also tells us to set a stop loss @ 150.17 in case the stock turns against the trade. 150.52 is the first level of resistance above 150.135, and by rule, any break above resistance is a buy signal. In this case, 150.52, 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 XSW slightly near 150.52, target 149.87, Stop Loss @ 150.87. Details
The technical summary data is suggesting a short of XSW if it tests 150.52 with a downside target of 149.87. We should have a stop loss in place at 150.87 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, 150.52, 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 Software & Services Etf (XSW) available here: XSW.
XSW Ratings for February 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
133.31 |
| P2 |
148.27 |
149.87 |
142.84 |
| P3 |
150.52 |
154.03 |
152.05 |
AI Generated Signals for XSW
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Spdr S&p Software & Services Etf (NYSE: XSW) data table below can help you with price action, and we have more details too. Trading plans for XSW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for XSW:
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