When the Price of (^RUT) Talks, People Listen

December 20, 2024, 14:32 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ^RUT

• Buy ^RUT near 2196.85 target 2308.94 stop loss @ 2190.51 Details

The technical summary data tells us to buy ^RUT near 2196.85 with an upside target of 2308.94. This data also tells us to set a stop loss @ 2190.51 to protect against excessive loss in case the stock begins to move against the trade. 2196.85 is the first level of support below 2253.47 , and by rule, any test of support is a buy signal. In this case, support 2196.85 would be being tested, so a buy signal would exist.

• Short ^RUT slightly under 2308.94, target 2196.85, stop loss @ 2315.61 Details

The technical summary data is suggesting a short of ^RUT as it gets near 2308.94 with a downside target of 2196.85. We should have a stop loss in place at 2315.61though. 2308.94 is the first level of resistance above 2253.47, and by rule, any test of resistance is a short signal. In this case, if resistance 2308.94 is being tested, so a short signal would exist.

Swing Trading Plans for ^RUT

• Buy ^RUT slightly over 2257.81, target 2308.94, Stop Loss @ 2251.29 Details

If 2257.81 begins to break higher, the technical summary data tells us to buy ^RUT just slightly over 2257.81, with an upside target of 2308.94. The data also tells us to set a stop loss @ 2251.29 in case the stock turns against the trade. 2257.81 is the first level of resistance above 2253.47, and by rule, any break above resistance is a buy signal. In this case, 2257.81, 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 ^RUT slightly near 2257.81, target 2196.85, Stop Loss @ 2264.33. Details

The technical summary data is suggesting a short of ^RUT if it tests 2257.81 with a downside target of 2196.85. We should have a stop loss in place at 2264.33 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, 2257.81, 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 ^RUT

• Buy ^RUT slightly over 2257.81, target 2285.74, Stop Loss @ 2252.54 Details

If 2257.81 begins to break higher, the technical summary data tells us to buy ^RUT just slightly over 2257.81, with an upside target of 2285.74. The data also tells us to set a stop loss @ 2252.54 in case the stock turns against the trade. 2257.81 is the first level of resistance above 2253.47, and by rule, any break above resistance is a buy signal. In this case, 2257.81, 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 ^RUT slightly near 2257.81, target 2221.04, Stop Loss @ 2263.08. Details

The technical summary data is suggesting a short of ^RUT if it tests 2257.81 with a downside target of 2221.04. We should have a stop loss in place at 2263.08 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, 2257.81, 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 Russell 2000 (^RUT) available here: ^RUT.

^RUT Ratings for December 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	2196.85
P2	2221.04	2257.81	2308.94
P3	2285.74	2320.48	2423.9

AI Generated Signals for ^RUT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Russell 2000 (NASDAQ: ^RUT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ^RUT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.