(IYT) Investment analysis and advice

December 31, 2023, 18:15 PM ET Written by Randall S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

IYT long term trading plan

• Buy IYT at 263.25 stop loss @247.2 just above 247.92 target detail

According to the technical summary data, IYT should be bought near 247.92 with an upside target of 263.25. This data also shows that a stop loss should be set at 247.2 to prevent excessive losses if the stock starts to move against the trade. 247.92 is the first support level below 262.43, and a test of support is generally a buy signal. In this case, support 247.92 has been tested and a buy signal exists.

• Short IYT below 263.25, target 247.92, stop loss @ 264.01 detail

Technical summary data suggests a short as IYT approaches 263.25 with a downside target of 247.92. However, the stop loss should be set at 264.01. 263.25 is the first resistance level above 262.43 and by rule, a test of resistance is a short signal. In this case, if resistance 263.25 is tested, a short circuit signal is present.

IYT swing trading plan

• Buy IYT just above 263.4, target 268.91, stop loss @262.64 detail

If it starts to break above 263.4, the technical summary data suggests we should buy IYT just above 263.4 with an upside target of 268.91. The data also tells us to set a stop loss at 262.64 in case the stock trades against us. 263.4 is the first resistance level above 262.43, and as a general rule, a break above resistance is a buy signal. In this case, the initial resistance at 263.4 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.

• Short IYT just shy of 263.4, target 247.92, stop loss @264.16. detail

Technical summary data suggests a short if IYT tests 263.4 with a downside target of 247.92. However, you should set a stop loss at 264.16 in case the stock starts to move against the trade. As a rule, all resistance tests are short signals. In this case, a short signal is present when resistance 263.4 is tested. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

IYT day trading plan

• Buy IYT just above 263.4, target 264.84, stop loss @262.79 detail

If we start to break above 263.4, the technical summary data suggests we should buy IYT just above 263.4 with an upside target of 264.84. The data also tells us to set a stop loss at 262.79 in case the stock trades against us. 263.4 is the first resistance level above 262.43, and as a general rule, a break above resistance is a buy signal. In this case, the initial resistance at 263.4 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.

• Short IYT just shy of 263.4, target 247.92, stop loss @264.01. detail

Technical summary data suggests a short on IYT if it tests 263.4 with a downside target of 247.92. However, you should set a stop loss at 264.01 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, a short signal is present when resistance 263.4 is tested. 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: IShares Us Transportation ETF (IYT) page is here: IYT.

IYT ratings as of December 31st:

IYT support and resistance plot chart

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Smart investment analysis requires observing support and resistance levels. IShares Us Transportation ETF (NYSE:IYT) too. These define a smart trading plan.

caveat:

This is a static report and the data below is valid at the time of publication, however the report should be updated regularly as IYT’s support and resistance levels change over time. 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 technical analysis rules. For example, if IYT is testing a support buy signal, resistance will be the target. 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 is refined to distinguish between day trading, swing trading trading plans, and IYT long-term investment plans. All of these are displayed below the summary table.