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

June 30, 2024, 11:54 AM ET, BY Rolland S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for CGCP

• Buy CGCP just above 21.82, target 22.31, stop loss at 21.76 details

The technical summary data tells us to buy CGCP at 21.82 with an upside target of 22.31. This data also tells us to set a stop loss at 21.76 to protect ourselves from excessive losses in case the stock starts moving against the trade. 21.82 is the first support level below 22.22 and according to the rule, any test of support is a buy signal. In this case, the support at 21.82 would be tested, so a buy signal would be present.

• Short CGCP just below 22.31, target 21.82, stop loss at 22.37 details

The technical summary data suggests a short of CGCP as it approaches 22.31, with a downside target of 21.82. However, we should place a stop loss at 22.37. 22.31 is the first resistance level above 22.22, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 22.31 resistance is tested.

Swing Trading Plans for CGCP

• Buy CGCP just above 22.32, target nz, stop loss at 22.26 details

If 22.32 starts to rise, the technical summary data tells us to buy CGCP just above 22.32, with an upside target of $n/a. The data also tells us to set a stop loss at 22.26 in case the stock turns against the trade. 22.32 is the first resistance level above 22.22, and any break above resistance is usually a buy signal. In this case, 22.32, 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 CGCP slightly near 22.32, target 21.82, stop loss at 22.38. details

The technical summary data suggests a short of CGCP if it tests 22.32 with a downside target of 21.82. However, we should place a stop loss at 22.38 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 22.32 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 CGCP

• Buy CGCP just above 22.32, target 22.82, stop loss at 22.27 details

If 22.32 starts to rise, the technical summary data tells us to buy CGCP just above 22.32, with an upside target of 22.82. The data also tells us to set a stop loss at 22.27 in case the stock turns against the trade. 22.32 is the first resistance level above 22.22, and any break above resistance is usually a buy signal. In this case, 22.32, the initial resistance, would rise to the upside, 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 CGCP just near 22.32, target 21.82, stop loss at 22.37. details

The technical summary data suggests a short of CGCP if it tests 22.32 with a downside target of 21.82. However, we should place a stop loss at 22.37 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 22.32 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 Capital Group Core Plus Income ETF (CGCP) available here: CGCP.

CGCP ratings for June 30:

AI-generated signals for CGCP

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 Capital Group Core Plus Income ETF The data table (NASDAQ:CGCP) below can help you with the price action and we also have more details. Trading plans for CGCP 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.