How we use the (ILCG) price action to our advantage

June 22, 2024, 12:04 PM ET, BY Allen K. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for ILCG

• Buy ILCG just above 81.17, target n/a stop loss at 80.94. details

The technical summary data tells us to buy ILCG at 81.17, 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 at 80.94 to protect ourselves from excessive losses in case the stock starts moving against the trade. 81.17 is the first support level below 81.47, and according to the rule, any test of support is a buy signal. In this case, a buy signal would be present when the 81.17 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 ILCG

• Buy ILCG just above 81.99, target 83.06, stop loss at 81.75 details

If 81.99 starts to rise, the technical summary data tells us to buy ILCG just above 81.99, with an upside target of 83.06. The data also tells us to set a stop loss at 81.75 in case the stock turns against the trade. 81.99 is the first resistance level above 81.47, and any break above resistance is usually a buy signal. In this case, 81.99, 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 ILCG close to 81.99, target 81.17, stop loss at 82.23. details

The technical summary data suggests a short of ILCG if 81.99 is tested with a downside target of 81.17. However, we should place a stop loss at 82.23 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 81.99 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 ILCG

• Buy ILCG just above 81.99, target 82.49, stop loss at 81.8 details

If 81.99 starts to rise, the technical summary data tells us to buy ILCG just above 81.99, with an upside target of 82.49. The data also tells us to set a stop loss at 81.8 in case the stock turns against the trade. 81.99 is the first resistance level above 81.47, and any break above resistance is usually a buy signal. In this case, 81.99, 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 ILCG close to 81.99, target 81.17, stop loss at 82.18. details

The technical summary data suggests a short of ILCG if 81.99 is tested with a downside target of 81.17. However, we should place a stop loss at 82.18 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 81.99 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 Morningstar Growth ETF (ILCG) available here: ILCG.

ILCG Ratings for June 22:

AI-generated signals for ILCG

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

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 Morningstar Growth ETF The data table (NASDAQ:ILCG) below can help you with the price trend and we also have more details. Trading plans for ILCG 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 any other stock, you can get Unlimited Real-Time Reports here.