When the Price of (NUGO) Talks, People Listen
October 02, 2024, 00:10 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NUGO
- Buy NUGO near 31.33 target 33.19 stop loss @ 31.24 Details
The technical summary data tells us to buy NUGO near 31.33 with an upside target of 33.19. This data also tells us to set a stop loss @ 31.24 to protect against excessive loss in case the stock begins to move against the trade. 31.33 is the first level of support below 31.81 , and by rule, any test of support is a buy signal. In this case, support 31.33 would be being tested, so a buy signal would exist.
- Short NUGO slightly under 33.19, target 31.33, stop loss @ 33.29 Details
The technical summary data is suggesting a short of NUGO as it gets near 33.19 with a downside target of 31.33. We should have a stop loss in place at 33.29though. 33.19 is the first level of resistance above 31.81, and by rule, any test of resistance is a short signal. In this case, if resistance 33.19 is being tested, so a short signal would exist.
Swing Trading Plans for NUGO
- Buy NUGO slightly over 32.26, target 32.89, Stop Loss @ 32.17 Details
If 32.26 begins to break higher, the technical summary data tells us to buy NUGO just slightly over 32.26, with an upside target of 32.89. The data also tells us to set a stop loss @ 32.17 in case the stock turns against the trade. 32.26 is the first level of resistance above 31.81, and by rule, any break above resistance is a buy signal. In this case, 32.26, 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 NUGO slightly near 32.26, target 31.33, Stop Loss @ 32.35. Details
The technical summary data is suggesting a short of NUGO if it tests 32.26 with a downside target of 31.33. We should have a stop loss in place at 32.35 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, 32.26, 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 NUGO
- Buy NUGO slightly over 31.91, target 32.26, Stop Loss @ 31.84 Details
If 31.91 begins to break higher, the technical summary data tells us to buy NUGO just slightly over 31.91, with an upside target of 32.26. The data also tells us to set a stop loss @ 31.84 in case the stock turns against the trade. 31.91 is the first level of resistance above 31.81, and by rule, any break above resistance is a buy signal. In this case, 31.91, 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 NUGO slightly near 31.91, target 31.33, Stop Loss @ 31.98. Details
The technical summary data is suggesting a short of NUGO if it tests 31.91 with a downside target of 31.33. We should have a stop loss in place at 31.98 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, 31.91, 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 Growth Opportunities Etf (NUGO) available here: NUGO.
NUGO Ratings for October 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
31.33 |
| P2 |
31.91 |
32.26 |
33.19 |
| P3 |
32.21 |
32.89 |
34.91 |
AI Generated Signals for NUGO
Blue = Current Price
Red= Resistance
Green = Support
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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 Nuveen Growth Opportunities Etf (NASDAQ: NUGO) 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 NUGO 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.
Fundamental Charts for NUGO:
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