Objective Long/Short Report (SSUS)

July 4, 2024, 6:46 PM ET, BY Robert S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for SSUS

• Buy SSUS just above 39.96, target n/a stop loss at 39.84. details

The technical summary data tells us to buy SSUS at 39.96, but there is no current upside target from the summary chart. In this case, we should wait until either an update to the summary chart has occurred (which usually happens at the start of each trading day) or until the position is stopped. The data tells us to set a stop loss of 39.84 to protect ourselves from excessive losses in case the stock starts moving against the trade. 39.96 is the first support level below 40.0129, and according to the rule, any test of support is a buy signal. In this case, a buy signal would be present if the 39.96 support is tested.

• NONE . details

NONE .
There are currently no resistance levels listed in the summary chart and therefore no short resistance plans that prompt us to short on resistance tests. Resistance levels have broken higher and short positions appear risky unless the stock breaks back down and below support levels.

Swing Trading Plans for SSUS

• Buy SSUS just above n/a, target n/a, stop loss at 0 details

If $n/a starts to break higher, the technical summary data tells us to buy SSUS just above $n/a, with an upside target of $n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. $n/a is the first resistance level above 40.0129, and according to the rule, any break above resistance is a buy signal. In this case, $n/a, the initial resistance, would break higher, 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 SSUS just near n/a, target 39.96, stop loss at 0. details

The technical summary data suggests a short of SSUS if it tests n/a with a downside target of 39.96. However, we should set a stop loss at 0 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present when a resistance, n/a, 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 SSUS

• Buy SSUS just above n/a, target n/a, stop loss at 0 details

If $n/a starts to break higher, the technical summary data tells us to buy SSUS just above $n/a, with an upside target of $n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. $n/a is the first resistance level above 40.0129, and according to the rule, any break above resistance is a buy signal. In this case, $n/a, the initial resistance, would break higher, 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 SSUS just near n/a, target 39.96, stop loss at 0. details

The technical summary data suggests a short of SSUS if it tests n/a with a downside target of 39.96. However, we should set a stop loss at 0 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present when a resistance, n/a, 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 Day Hagan/Ned Davis Research Smart Sector ETF (SSUS) available here: : SSUS.

SSUS ratings for July 4:

AI-generated signals for SSUS

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Day Hagan/Ned Davis Research Smart Sector ETF (NASDAQ: SSUS) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for SSUS change over time so the report should be updated regularly. Subscribers receive real-time updates. 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 SSUS 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 SSUS. All of these are offered below the summary table.