(QABA) Long-term investment analysis

July 4, 2024, 1:22 AM ET, BY Bill T. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for QABA

• Buy QABA just above 42.51, target 46.06, stop loss at 42.39. details

The technical summary data tells us to buy QABA at 42.51 with an upside target of 46.06. This data also tells us to set a stop loss at 42.39 to protect ourselves from excessive losses in case the stock starts moving against the trade. 42.51 is the first support level below 45.4339 and according to the rule, any test of support is a buy signal. In this case, the support at 42.51 would be tested, so a buy signal would be present.

• Short QABA just below 46.06, target 42.51, stop loss at 46.19 details

The technical summary data suggests a short of QABA as it approaches 46.06, with a downside target of 42.51. However, we should place a stop loss at 46.19. 46.06 is the first resistance level above 45.4339, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 46.06 resistance is tested.

Swing trading plans for QABA

• Buy QABA just above 46.06, target 46.33, stop loss at 45.93. details

If 46.06 starts to rise, the technical summary data tells us to buy QABA just above 46.06, with an upside target of 46.33. The data also tells us to set a stop loss at 45.93 in case the stock turns against the trade. 46.06 is the first resistance level above 45.4339, and any break above resistance is usually a buy signal. In this case, 46.06, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QABA close to 46.06, target 45.34, stop loss at 46.19. details

The technical summary data suggests a short of QABA if it tests 46.06 with a downside target of 45.34. However, we should place a stop loss at 46.19 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 46.06 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for QABA

• Buy QABA just above 46.12, target 46.33, stop loss at 46.01. details

If 46.12 starts to rise, the technical summary data tells us to buy QABA just above 46.12, with an upside target of 46.33. The data also tells us to set a stop loss at 46.01 in case the stock turns against the trade. 46.12 is the first resistance level above 45.4339, and any break above resistance is usually a buy signal. In this case, 46.12, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QABA close to 46.12, target 45.34, stop loss at 46.23. details

The technical summary data suggests a short of QABA if it tests 46.12 with a downside target of 45.34. However, we should place a stop loss at 46.23 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 46.12 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for First Trust Nasdaq Aba Community Bank Index Fund (QABA) available here: QABA.

QABA ratings for July 4:

AI-generated signals for QABA

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

Technically, First Trust Nasdaq Aba Community Bank Index Fund (NASDAQ: QABA) offers opportunities for traders who monitor the stock’s price fluctuations over time.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for QABA change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when QABA tests support, buy signals emerge and resistance is the target. Conversely, when resistance is tested, it is a sign to control risk or sell and support would be the downside target accordingly. In any 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 to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for QABA. All of these are offered below the summary table.