The technical summary data tells us to buy FNDX near 65.32 with an upside target of 67.71. This data also tells us to set a stop loss @ 65.13 to protect against excessive loss in case the stock begins to move against the trade. 65.32 is the first level of support below 66.55 , and by rule, any test of support is a buy signal. In this case, support 65.32 is being tested, a buy signal would exist. The technical summary data is suggesting a short of FNDX as it gets near 67.71 with a downside target of 65.32. We should have a stop loss in place at 67.91though. 67.71 is the first level of resistance above 66.55, and by rule, any test of resistance is a short signal. In this case, if resistance 67.71 is being tested, a short signal would exist.
If 67.71 begins to break higher, the technical summary data tells us to buy FNDX just slightly over 67.71, with an upside target of n/a. The data also tells us to set a stop loss @ 67.51 in case the stock turns against the trade. 67.71 is the first level of resistance above 66.55, and by rule, any break above resistance is a buy signal. In this case, 67.71, 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. The technical summary data is suggesting a short of FNDX if it tests 67.71 with a downside target of 66.31. We should have a stop loss in place at 67.91 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, 67.71, 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.
If 67.71 begins to break higher, the technical summary data tells us to buy FNDX just slightly over 67.71, with an upside target of n/a. The data also tells us to set a stop loss @ 67.55 in case the stock turns against the trade. 67.71 is the first level of resistance above 66.55, and by rule, any break above resistance is a buy signal. In this case, 67.71, 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. The technical summary data is suggesting a short of FNDX if it tests 67.71 with a downside target of 66.5. We should have a stop loss in place at 67.87 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, 67.71, 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.
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This report was produced using AI developed by Stock Traders Daily. 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 methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in Schwab Fundamental U.s. Large Company Index Etf (NASDAQ: FNDX) while incorporating prudent risk controls.
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FNDX change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports. Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. The rules that govern the data in this report are the rules of Technical Analysis. For example, if FNDX 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. This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FNDX too. All of these are offered below the Summary Table.…Read more by Thomas Kee
