Trend Tracker for (NEWZ)

December 20, 2024, 05:28 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NEWZ

• Buy NEWZ near 27.98 target 29.64 stop loss @ 27.9 Details

The technical summary data tells us to buy NEWZ near 27.98 with an upside target of 29.64. This data also tells us to set a stop loss @ 27.9 to protect against excessive loss in case the stock begins to move against the trade. 27.98 is the first level of support below 28.86 , and by rule, any test of support is a buy signal. In this case, support 27.98 is being tested, a buy signal would exist.

• Short NEWZ slightly under 29.64, target 27.98, stop loss @ 29.73 Details

The technical summary data is suggesting a short of NEWZ as it gets near 29.64 with a downside target of 27.98. We should have a stop loss in place at 29.73though. 29.64 is the first level of resistance above 28.86, and by rule, any test of resistance is a short signal. In this case, if resistance 29.64 is being tested, a short signal would exist.

Swing Trading Plans for NEWZ

• Buy NEWZ slightly over 28.99, target 29.64, Stop Loss @ 28.91 Details

If 28.99 begins to break higher, the technical summary data tells us to buy NEWZ just slightly over 28.99, with an upside target of 29.64. The data also tells us to set a stop loss @ 28.91 in case the stock turns against the trade. 28.99 is the first level of resistance above 28.86, and by rule, any break above resistance is a buy signal. In this case, 28.99, 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 NEWZ slightly near 28.99, target 27.98, Stop Loss @ 29.07. Details

The technical summary data is suggesting a short of NEWZ if it tests 28.99 with a downside target of 27.98. We should have a stop loss in place at 29.07 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, 28.99, 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 NEWZ

• Buy NEWZ slightly over 29.08, target 29.64, Stop Loss @ 29.01 Details

If 29.08 begins to break higher, the technical summary data tells us to buy NEWZ just slightly over 29.08, with an upside target of 29.64. The data also tells us to set a stop loss @ 29.01 in case the stock turns against the trade. 29.08 is the first level of resistance above 28.86, and by rule, any break above resistance is a buy signal. In this case, 29.08, 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 NEWZ slightly near 29.08, target 28.68, Stop Loss @ 29.15. Details

The technical summary data is suggesting a short of NEWZ if it tests 29.08 with a downside target of 28.68. We should have a stop loss in place at 29.15 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, 29.08, 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 Stocksnips Ai-powered Sentiment Us All Cap Etf (NEWZ) available here: NEWZ.

NEWZ Ratings for December 20:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	26.17
P2	28.68	28.99	27.98
P3	29.08	29.46	29.64

AI Generated Signals for NEWZ

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The data for Stocksnips Ai-powered Sentiment Us All Cap Etf (NASDAQ: NEWZ) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

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

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Instructions:

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