(FDNI) Is all about trading plans and risk controls

Longer-term trading plans for FDNI
Swing trading plans for FDNI

  • Buy FDNI just above 21.95, target 23.22, stop-loss @ 21.89 Details
  • If 21.95 starts to move higher, the technical summary data tells us to buy FDNI just above 21.95, with an upside target of 23.22. The data also tells us to set a stop loss at 21.89 in case the stock turns against the trade. 21.95 is the first resistance level above 21.84, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 21.95 would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FDNI something near 21.95, target 21.59, Stop Loss @ 22.01. Details
  • The technical summary data suggests a shortfall on FDNI as it tests 21.95 with a downside target of 21.59. However, we should have a stop loss at 10:01 PM in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 21.95, would result in a short signal. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Day Trading Plans for FDNI

  • Buy FDNI just above 21.99, target 23.22, stop-loss @ 21.94 Details
  • If 21.99 starts to move higher, the technical summary data tells us to buy FDNI just above 21.99, with an upside target of 23.22. The data also tells us to set a stop loss at 21.94 in case the stock turns against the trade. 21.99 is the first resistance level above 21.84, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 21.99 would move higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short FDNI something near 21.99, target 20.4, Stop Loss @ 22.04. Details
  • The technical summary data suggests a shortfall on FDNI as it tests 21.99 with a downside target of 20.4. However, we should have a stop loss at 10:04 PM in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing the resistance, 21.99, would result in a short signal. Because this plan is a short plan, based on a resistance test, it is called a Short Resistance Plan.

Real-time updates are available on our First Trust Dow Jones International Internet Etf (FDNI) Page here: F.D.N.I.

FDNI Ratings for April 21:







Term → Near Middle
Long
Judgement Weak Weak Neutral
P1 0 0 20.4
P2 21.75 21.59 21.84
P3 21.99 21.95 23.22
Support and resistance plot diagram for FDNI

FDNI Long-Term Analysis for April 21, 2024

Blue = Current price
Red= Resistance
Green = Support

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This First Trust Dow Jones International Internet Etf (NASDAQ: FDNI) report was produced by Stock Traders Daily. Over the past twenty years, our methodology has been refined to help identify strategies for both individual stocks and the equity markets, with prudent risk management.

Warning:

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

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Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, when the FDNI tests support buying signals, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for FDNI trading plans as well. These are all offered below the overview table.

Fundamental charts for FDNI: