(SPQ) Long-term investment analysis

November 29, 2024, 11:02 PM ET, BY Momei – Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for SPQ

• Buy SPQ near 31.78 and target a 32.88 stop loss at 31.69 Details

The technical summary data tells us to buy SPQ near 31.78 with an upside target of 32.88. This data also tells us to set a stop loss at 31.69 to protect ourselves from excessive losses in case the stock starts moving against the trade. 31.78 is the first level of support below 32.5001 and basically any test of support is a buy signal. In this case the support 31.78 is tested, a buy signal would be present.

• Short SPQ just below 32.88, target 31.78, stop loss at 32.97 Details

Technical summary data suggests shorting SPQ as it approaches the 32.88 level with a downside target of 31.78. However, we should have a stop loss at 32.97. 32.88 is the first resistance level above 32.5001, and basically any test of resistance is a short signal. In this case, if the resistance 32.88 is tested, a short signal is present.

Swing trading plans for SPQ

• Buy SPQ slightly above 32.88, target n/a, stop loss at 32.79 Details

If 32.88 starts to break out to the upside, the technical summary data tells us to buy SPQ just above 32.88 with an upside target of n/a. The data also tells us to set a stop loss at 32.79 in case the stock turns against the trade. 32.88 is the first resistance level above 32.5001, and basically any break above resistance is a buy signal. In this case, 32.88, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SPQ slightly near 32.88, target 32.33, stop loss at 32.97. Details

Technical summary data suggests shorting SPQ if it tests 32.88, with a downside target of 32.33. However, we should have a stop loss at 32.97 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 32.88 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for SPQ

• Buy SPQ just above 32.58, target 32.88, stop loss at 32.5 Details

If 32.58 starts to break out higher, the technical summary data tells us to buy SPQ just above 32.58 with an upside target of 32.88. The data also tells us to set a stop loss at 32.5 in case the stock turns against the trade. 32.58 is the first resistance level above 32.5001, and basically any break above resistance is a buy signal. In this case, 32.58, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SPQ slightly near 32.58, target 32.33, stop loss at 32.66. Details

Technical summary data suggests shorting SPQ if it tests 32.58, with a downside target of 32.33. However, we should have a stop loss at 32.66 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if the resistance 32.58 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Simplify us Equity Plus Qis Etf (SPQ) available here: SPQ.

SPQ ratings for November 29th:

AI generated signals for SPQ

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Technically, Simplify us Equity Plus Qis Etf (NYSE: SPQ) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for SPQ 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, when SPQ tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for SPQ. All of this is offered below the overview table.