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

June 23, 2024, 5:02 PM ET, BY Scott B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for ONEY

• Buy ONEY just above 100.65, target 105.68, stop loss at 100.36 details

The technical summary data tells us to buy ONEY at 100.65 with an upside target of 105.68. This data also tells us to set a stop loss at 100.36 to protect ourselves from excessive losses in case the stock starts to move against the trade. 100.65 is the first level of support below 104.75, and any test of support is usually a buy signal. In this case, support at 100.65 would be tested, so a buy signal would be present.

• Short ONEY just below 105.68, target 100.65, stop loss at 105.99 details

The technical summary data suggests a short of ONEY as it approaches 105.68, with a downside target of 100.65. However, we should place a stop loss at 105.99. 105.68 is the first resistance level above 104.75, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 105.68 resistance is tested.

Swing Trading Plans for ONEY

• Buy ONEY just above 105.68, target 110.48, stop loss at 105.37. details

If 105.68 starts to rise, the technical summary data tells us to buy ONEY just above 105.68, with an upside target of 110.48. The data also tells us to set a stop loss at 105.37 in case the stock turns against the trade. 105.68 is the first resistance level above 104.75, and any break above resistance is usually a buy signal. In this case, 105.68, 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 ONEY close to 105.68, target 104.75, stop loss at 105.99. details

The technical summary data suggests a short of ONEY if it tests 105.68 with a downside target of 104.75. However, we should place a stop loss at 105.99 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 105.68 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 ONEY

• Buy ONEY just above 105.41, target 105.68, stop loss at 105.16. details

If 105.41 starts to rise, the technical summary data tells us to buy ONEY just above 105.41, with an upside target of 105.68. The data also tells us to set a stop loss at 105.16 in case the stock turns against the trade. 105.41 is the first resistance level above 104.75, and any break above resistance is usually a buy signal. In this case, 105.41, 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 ONEY close to 105.41, target 104.75, stop loss at 105.66. details

The technical summary data suggests a short of ONEY if it tests 105.41, with a downside target of 104.75. However, we should place a stop loss at 105.66 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 105.41 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 SPDR Russell 1000 Yield Focus ETF (ONEY) available here: DETAIL.

ONEY ratings for June 23:

AI-generated signals for ONEY

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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 SPDR Russell 1000 Yield Focus ETF The data table (NASDAQ:ONEY) below can help you with the price trend and we have more details as well. Trading plans for ONEY 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.