Trading (NQP) With Integrated Risk Controls
August 02, 2024, 12:32 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NQP
- Buy NQP slightly over 12.22 target 12.67 stop loss @ 12.18 Details
The technical summary data tells us to buy NQP near 12.22 with an upside target of 12.67. This data also tells us to set a stop loss @ 12.18 to protect against excessive loss in case the stock begins to move against the trade. 12.22 is the first level of support below 12.61 , and by rule, any test of support is a buy signal. In this case, support 12.22 is being tested, a buy signal would exist.
- Short NQP slightly under 12.67, target 12.22, stop loss @ 12.71 Details
The technical summary data is suggesting a short of NQP as it gets near 12.67 with a downside target of 12.22. We should have a stop loss in place at 12.71though. 12.67 is the first level of resistance above 12.61, and by rule, any test of resistance is a short signal. In this case, if resistance 12.67 is being tested, a short signal would exist.
Swing Trading Plans for NQP
- Buy NQP 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 NQP 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 12.61, 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 NQP slightly near n/a, target 12.22, Stop Loss @ 0. Details
The technical summary data is suggesting a short of NQP if it tests n/a with a downside target of 12.22. 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 NQP
- Buy NQP slightly over 12.67, target n/a, Stop Loss @ 12.64 Details
If 12.67 begins to break higher, the technical summary data tells us to buy NQP just slightly over 12.67, with an upside target of n/a. The data also tells us to set a stop loss @ 12.64 in case the stock turns against the trade. 12.67 is the first level of resistance above 12.61, and by rule, any break above resistance is a buy signal. In this case, 12.67, 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 NQP slightly near 12.67, target 12.22, Stop Loss @ 12.7. Details
The technical summary data is suggesting a short of NQP if it tests 12.67 with a downside target of 12.22. We should have a stop loss in place at 12.7 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, 12.67, 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 Nuveen Pennsylvania Quality Municipal Income Fund (NQP) available here: NQP.
NQP Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
11.73 |
| P2 |
12.56 |
12.49 |
12.22 |
| P3 |
0 |
|
12.67 |
AI Generated Signals for NQP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for NQP:
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