July 22, 2024

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Ishares Biotechnology Etf ($IBB) Trading Report

6 min read
Ishares Biotechnology Etf ($IBB) Trading Report

Table of Contents

Longer Term Trading Plans for IBB

  • Buy IBB slightly over 118.99 target 123.97 stop loss @ 118.65 Details
  • The technical summary data tells us to buy IBB near 118.99 with an upside target of 123.97. This data also tells us to set a stop loss @ 118.65 to protect against excessive loss in case the stock begins to move against the trade. 118.99 is the first level of support below 119.79 , and by rule, any test of support is a buy signal. In this case, support 118.99 would be being tested, so a buy signal would exist.

  • Short IBB slightly under 123.97, target 118.99, stop loss @ 124.33 Details
  • The technical summary data is suggesting a short of IBB as it gets near 123.97 with a downside target of 118.99. We should have a stop loss in place at 124.33though. 123.97 is the first level of resistance above 119.79, and by rule, any test of resistance is a short signal. In this case, if resistance 123.97 is being tested, so a short signal would exist.

Swing Trading Plans for IBB

  • Buy IBB slightly over 123.97, target 128.36, Stop Loss @ 123.61 Details
  • If 123.97 begins to break higher, the technical summary data tells us to buy IBB just slightly over 123.97, with an upside target of 128.36. The data also tells us to set a stop loss @ 123.61 in case the stock turns against the trade. 123.97 is the first level of resistance above 119.79, and by rule, any break above resistance is a buy signal. In this case, 123.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short IBB slightly near 123.97, target 118.99, Stop Loss @ 124.33. Details
  • The technical summary data is suggesting a short of IBB if it tests 123.97 with a downside target of 118.99. We should have a stop loss in place at 124.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 123.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IBB

  • Buy IBB slightly over 123.97, target 128.36, Stop Loss @ 123.68 Details
  • If 123.97 begins to break higher, the technical summary data tells us to buy IBB just slightly over 123.97, with an upside target of 128.36. The data also tells us to set a stop loss @ 123.68 in case the stock turns against the trade. 123.97 is the first level of resistance above 119.79, and by rule, any break above resistance is a buy signal. In this case, 123.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short IBB slightly near 123.97, target 118.99, Stop Loss @ 124.26. Details
  • The technical summary data is suggesting a short of IBB if it tests 123.97 with a downside target of 118.99. We should have a stop loss in place at 124.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 123.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

This is a snapshot. Real Time Updates are available on our IBB Page.

IBB Ratings for November 05:







Term → Near Mid
Long
Rating Weak Weak Neutral
P1 0 0 118.99
P2 114.60 111.11 123.97
P3 116.64 114.55 128.36
Support and Resistance Plot Chart for IBB

Ishares Biotechnology Etf ($IBB) Trading Report

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ishares Biotechnology Etf (NYSE: IBB) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for IBB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IBB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for IBB too.  All of these are offered below the Summary Table.

Fundamental Charts for IBB:

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