The rules that govern the data in this report are the rules of Technical Analysis. Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. Real Time updates are provided to subscribers. This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IWN change over time, so the report should be updated regularly. The objective of this specific report is to optimize trading in Ishares Russell 2000 Value Ind (NYSE: IWN) while incorporating prudent risk controls. This methodology is also applied to Index options, ETFs, and futures. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This report was produced using AI developed by Stock Traders Daily.
ISHARE RUSSELL 2000 VALUE ETF TRIAL
Get Notified When our Ratings Change: Take a Trial Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 152.00, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 152.35 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of IWN if it tests 152.00 with a downside target of 149.86. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 152.00, initial resistance, would be breaking higher, so a buy signal would exist. 152.00 is the first level of resistance above 150.41, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 151.65 in case the stock turns against the trade. If 152.00 begins to break higher, the technical summary data tells us to buy IWN just over 152.00, with an upside target of 152.43. In this case, if resistance, 152.43, is being tested a short signal would exist. We should have a stop loss in place at 152.87 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of IWN if it tests 152.43 with a downside target of 149.26. In this case, 152.43, initial resistance, would be breaking higher, so a buy signal would exist.
152.43 is the first level of resistance above 150.41, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 151.99 in case the stock turns against the trade. If 152.43 begins to break higher, the technical summary data tells us to buy IWN just over 152.43, with an upside target of 156.97. In this case, if resistance 156.97 is being tested, a short signal would exist. 156.97 is the first level of resistance above 150.41, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 157.42though.
The technical summary data is suggesting a short of IWN as it gets near 156.97 with a downside target of 146.96. In this case, support 146.96 is being tested, a buy signal would exist. 146.96 is the first level of support below 150.41, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 146.54 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy IWN near 146.96 with an upside target of 156.97. Buy IWN over 146.96 target 156.97 stop loss 146.54 Details.Source: Stock Traders Daily Longer Term Trading Plans for IWN
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