(FCTR) Investment Report

December 31, 2023, 8:15am ET Written by Allen K. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

FCTR long-term trading plan

• Buy FCTR just above the target of 26.4. No stop loss at 26.32. detail

The technical summary data indicates that FCTR should be bought near 26.4, but there is no current upside target from the summary table. In this case, you will have to wait until the summary table is updated (usually at the beginning of the trading day) or until the position is closed. According to the data, the stop loss should be set at 26.32 to prevent excessive losses if the stock starts moving against the trade. 26.4 is the first support level below 27.79 and by rule, a test of support is a buy signal. In this case, a buy signal exists if support 26.4 is tested.

• none . detail

none .
There is no current resistance level in the summary table. Therefore, there is no short resistance plan that tells you to short when testing the resistance. The resistance level has broken further above and short positions look risky unless the stock reverses and falls below the support level again.

FCTR swing trading plan

• Buy FCTR at just above 27.9, target at 28.5, stop loss at 27.82 detail

If it starts to break above 27.9, technical summary data suggests we should buy FCTR just above 27.9, with an upside target of 28.5. The data also tells us to set a stop loss at 27.82 in case the stock trades against us. 27.9 is the first resistance level above 27.79, and as a general rule, a break above resistance is a buy signal. In this case, the initial resistance at 27.9 is breaking out, so there is a buy signal. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• FCTR is short just shy of 27.9, target is 26.4 and stop loss is 27.98. detail

Technical summary data suggests a short on FCTR if it tests 27.9 with a downside target of 26.4. However, you should set a stop loss at 27.98 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, when testing resistance 27.9, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

FCTR day trading plan

• Buy FCTR at just above 27.9, target at 28.2, stop loss at 27.83 detail

If it starts to break above 27.9, the technical summary data would suggest buying FCTR just above 27.9 with an upside target of 28.2. The data also tells us to set a stop loss at 27.83 in case the stock trades against us. 27.9 is the first resistance level above 27.79, and as a general rule, a break above resistance is a buy signal. In this case, the initial resistance at 27.9 is breaking out, so there is a buy signal. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• FCTR is short just shy of 27.9, target is 26.4 and stop loss is 27.97. detail

Technical summary data suggests a short on FCTR if it tests 27.9 with a downside target of 26.4. However, you should set a stop loss at 27.97 in case the stock starts to move against the trade. As a rule, all resistance tests are short signals. In this case, when testing resistance 27.9, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

Real-time updates are available at: First Trust Runt Us Factor Rotation ETF (FCTR) page is here: FCTR.

FCTR ratings as of December 31st:

FCTR Support and Resistance Plot Chart

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this unique AI has been refined to identify the best trading strategies for both individual stocks and the stock market itself. This methodology also applies to index options, ETFs, and futures. The purpose of this particular report is to optimize your trading. First Trust Runt Us Factor Rotation ETF (NASDAQ: FCTR) while incorporating prudent risk management.

caveat:

Although this is a static report and the data below is valid at the time of publication, the report should be updated regularly as FCTR’s support and resistance levels change over time. Real-time updates are provided to subscribers. Unlimited real-time reports.

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

Instructions:

The rules that govern the data in this report are technical analysis rules. For example, if FCTR is testing support, a buy signal will surface and resistance will be targeted. Conversely, if resistance is being tested, it is a sign to control risk or short, and support will be a downside target accordingly. In either case, the trigger point is designed to be an ideal place to enter a position (avoiding trading in the middle of a trading channel) and also serves as a level of risk control. Masu.

Swing trading, day trading, and long-term trading plans:

This data has been refined to distinguish between day trading, swing trading trading plans, and FCTR long-term investment plans. All of these are displayed below the summary table.