How we can use the (CMDY) price action to our advantage

June 30, 2024, 2:20 PM ET, BY David D. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for CMDY

• Buy CMDY just above 48.57, target 50.7 Stop loss at 48.43 details

The technical summary data tells us to buy CMDY at 48.57 with an upside target of 50.7. This data also tells us to set a stop loss at 48.43 to protect ourselves from excessive losses in case the stock starts moving against the trade. 48.57 is the first support level below 49.3853 and any test of support is usually a buy signal. In this case, the support at 48.57 is tested, a buy signal would be present.

• Short CMDY just below 50.7, target 48.57, stop loss at 50.85 details

The technical summary data suggests a short CMDY as it approaches 50.7, with a downside target of 48.57. However, we should place a stop loss at 50.85. 50.7 is the first resistance level above 49.3853, and any test of resistance is basically a short signal. In this case, a short signal would be present if the 50.7 resistance is tested.

Swing Trading Plans for CMDY

• Buy CMDY just above 49.67, target 50.7, stop loss at 49.53 details

If 49.67 starts to rise, the technical summary data tells us to buy CMDY just above 49.67, with an upside target of 50.7. The data also tells us to set a stop loss at 49.53 in case the stock turns against the trade. 49.67 is the first resistance level above 49.3853, and any break above resistance is usually a buy signal. In this case, 49.67, 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 CMDY close to 49.67, target 49.26, stop loss at 49.81. details

The technical summary data suggests a short of CMDY if it tests 49.67 with a downside target of 49.26. However, we should place a stop loss at 49.81 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 49.67 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 CMDY

• Buy CMDY just above 49.67, target 50.7, stop loss at 49.55 details

If 49.67 starts to rise, the technical summary data tells us to buy CMDY just above 49.67, with an upside target of 50.7. The data also tells us to set a stop loss at 49.55 in case the stock turns against the trade. 49.67 is the first resistance level above 49.3853, and any break above resistance is usually a buy signal. In this case, 49.67, 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 CMDY close to 49.67, target 49.26, stop loss at 49.79. details

The technical summary data suggests a short of CMDY if it tests 49.67 with a downside target of 49.26. However, we should place a stop loss at 49.79 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 49.67 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 Ishares Bloomberg Roll Select Commodity Strategy ETF (CMDY) available here: CMDY.

CMDY Ratings for June 30:

AI-generated signals for CMDY

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ishares Bloomberg Roll Select Commodity Strategy ETF The data table (NASDAQ:CMDY) below can help you with the price action and we also have more details. Trading plans for CMDY are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.