(HYD) Technical data

July 6, 2024, 2:22am ET, BY Tom S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for HYD

• Buy HYD slightly above 51.77, target 52.87 stop loss @ 51.62 Details

The technical summary data tells us to buy HYD near 51.77 with an upside target of 52.87. This data also tells us to set a stop loss at 51.62 to protect against excessive loss in case the stock starts to move against the trade. 51.77 is the first support level below 52.015, and as a rule, any test of support is a buy signal. In this case, if support 51.77 is tested, there would be a buy signal.

• Short HYD slightly below 52.87, target 51.77, stop loss @ 53.02 Details

The technical summary data suggests a short of HYD if it approaches 52.87 with a downside target of 51.77. However, we should have a stop loss at 53.02. 52.87 is the first resistance level above 52.015 and as per the rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance 52.87 is tested.

Swing Trading Plans for HYD

• Buy HYD slightly above 52.87, target n/a, Stop Loss @ 52.72 Details

If 52.87 starts to rise, the technical summary data tells us to buy HYD just above 52.87, with an upside target of n/a. The data also tells us to set a stop loss at 52.72 in case the stock turns against the trade. 52.87 is the first resistance level above 52.015, and as a rule, any break above resistance is a buy signal. In this case, 52.87, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short HYD something around 52.87, target price 51.77, stop loss @ 53.02. Details

The technical summary data suggests a short of HYD if it tests 52.87 with a downside target of 51.77. However, we should have a stop loss at 53.02 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 52.87, 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 HYD

• Buy HYD slightly above 52.87, target n/a, Stop Loss @ 52.75 Details

If 52.87 starts to rise, the technical summary data tells us to buy HYD just above 52.87, with an upside target of n/a. The data also tells us to set a stop loss at 52.75 in case the stock turns against the trade. 52.87 is the first resistance level above 52.015, and as a rule, any break above resistance is a buy signal. In this case, 52.87, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short HYD something around 52.87, target price 51.77, stop loss @ 52.99. Details

The technical summary data suggests a short of HYD if it tests 52.87 with a downside target of 51.77. However, we should have a stop loss at 52.99 in case the stock starts moving against the trade. As a rule, any test of resistance is a short signal. In this case, if resistance, 52.87, is tested, there would be a short signal. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Check the timestamp on this data. Updated AI-generated signals for Vaneck High Yield Muni ETF (HYD) available here: HYD.

HYD Reviews for July 06:

Term →	Near	Middle	Long
Judgement	Neutral	Neutral	Neutral
P1	0	0	50.54
P2	51.42	51.42	51.77
P3	51.7	51.66	52.87

AI generated signals for HYD

Blue = Current price
Red = Resistance
Green = Support

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This report is produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this particular report is to help you trade in Vaneck High Yield Muni ETF (NYSE: HYD) and applies careful risk management.

Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for HYD 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 market crash protection through Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if HYD is testing support buy signals, it is the surface and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or short, and support would accordingly be the downside target. In any 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 also acts as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for HYD. All of these are provided below the summary table.

Fundamental charts for HYD: