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

June 21, 2024, 2:28 AM ET, BY Momei – Staff Writer, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow us on LinkedIn)

Longer-term trading plans for DVY

• Buy DVY just above 120.61, target 125.68, stop loss at 120.26 details

The technical summary data tells us to buy DVY at 120.61 with an upside target of 125.68. This data also tells us to set a stop loss at 120.26 to protect ourselves from excessive losses in case the stock starts moving against the trade. 120.61 is the first level of support below 120.69, and any test of support is usually a buy signal. In this case, the support at 120.61 is tested, a buy signal would be present.

• Short DVY just below 125.68, target 120.61, stop loss at 126.04 details

The technical summary data suggests a short of DVY as it approaches 125.68, with a downside target of 120.61. However, we should place a stop loss at 126.04. 125.68 is the first resistance level above 120.69, and any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 125.68 is tested.

Swing Trading Plans for DVY

• Buy DVY just above 125.68, target nz, stop loss at 125.32 details

If 125.68 starts to rise, the technical summary data tells us to buy DVY just above 125.68, with an upside target of $n/a. The data also tells us to set a stop loss at 125.32 in case the stock turns against the trade. 125.68 is the first resistance level above 120.69, and any break above resistance is usually a buy signal. In this case, 125.68, the initial resistance, would move 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 DVY close to 125.68, target 120.61, stop loss at 126.04. details

The technical summary data suggests a short of DVY if 125.68 is tested with a downside target of 120.61. However, we should place a stop loss at 126.04 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 if the resistance 125.68 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 DVY

• Buy DVY just above 120.83, target 125.68, stop loss at 120.55. details

If 120.83 starts to rise, the technical summary data tells us to buy DVY just above 120.83, with an upside target of 125.68. The data also tells us to set a stop loss at 120.55 in case the stock turns against the trade. 120.83 is the first resistance level above 120.69, and any break above resistance is usually a buy signal. In this case, 120.83, 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 DVY close to 120.83, target 120.61, stop loss at 121.11. details

The technical summary data suggests a short of DVY if 120.83 is tested with a downside target of 120.61. However, we should place a stop loss at 121.11 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 120.83 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 Select Dividend ETF (DVY) available here: DVY.

DVY Ratings for June 21:

AI-generated signals for DVY

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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 Select Dividend ETF The data table (NYSE:DVY) below can help you with the price action, and we have more details as well. Trading plans for DVY are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get one here: Unlimited Real-Time Reports.