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

July 6, 2024, 11:32 am ET, BY Bill – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for NEWTZ

• Buy NEWTZ just above 23.99, target 24.34, stop loss at 23.92 details

The technical summary data tells us to buy NEWTZ at 23.99 with an upside target of 24.34. This data also tells us to set a stop loss at 23.92 to protect ourselves from excessive losses in case the stock starts moving against the trade. 23.99 is the first support level below 24.27 and any test of support is usually a buy signal. In this case, the support at 23.99 is tested, a buy signal would be present.

• Short NEWTZ just below 24.34, target 23.99, stop loss at 24.41 details

The technical summary data suggests a short of NEWTZ as it approaches 24.34, with a downside target of 23.99. However, we should place a stop loss at 24.41. 24.34 is the first resistance level above 24.27, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 24.34 resistance is tested.

Swing Trading Plans for NEWTZ

• Buy NEWTZ just above n/a, target n/a, stop loss at 0 details

If $n/a starts to break higher, the technical summary data tells us to buy NEWTZ just above $n/a, with an upside target of $n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. $n/a is the first resistance level above 24.27, and according to the rule, any break above resistance is a buy signal. In this case, $n/a, the initial resistance, would break 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 NEWTZ just near n/a, target 23.99, stop loss at 0. details

The technical summary data suggests a short of NEWTZ if it tests $1,000 with a downside target of 23.99. However, we should place a stop loss at 0 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 when a resistance, $1,000, 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 NEWTZ

• Buy NEWTZ just above 24.34, target nz, stop loss at 24.28 details

If 24.34 starts to rise, the technical summary data tells us to buy NEWTZ just above 24.34, with an upside target of $n/a. The data also tells us to set a stop loss at 24.28 in case the stock turns against the trade. 24.34 is the first resistance level above 24.27, and any break above resistance is usually a buy signal. In this case, 24.34, 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 NEWTZ just near 24.34, target 23.99, stop loss at 24.4. details

The technical summary data suggests a short of NEWTZ if it tests 24.34 with a downside target of 23.99. However, we should place a stop loss at 24.4 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 24.34 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 Newtekone Inc. 5.50% Notes due 2026 (NEWTZ) available here: NEUTZ.

NEWTZ ratings for July 06:

AI-generated signals for NEWTZ

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 Newtekone Inc. 5.50% Notes due 2026 The data table (NASDAQ:NEWTZ) below can help you with the price trend and we also have more details. Trading plans for NEWTZ 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.