How to Trade (EFIX)

Longer term trading plans for EFIX

  • Buy EFIX just over 15.25, target 15.92 stop loss @ 15.21 Details
  • The technical summary data tells us to buy EFIX around 15.25 with an upside target of 15.92. This data also tells us to set a stop loss at 15.21 to protect against excessive loss in case the stock starts moving against the trade. 15.25 is the first support level below 15.89, and as a rule any test of support is a buy signal. In this case, support 15.25 would be tested, so there would be a buy signal.

  • Short EFIX just under 15.92, target 15.25, stop loss @ 15.97 Details
  • The technical summary data suggests a shortfall in EFIX as it nears 15.92 with a downside target of 15.25. However, we should have a stop loss at 15.97. 15.92 is the first resistance level above 15.89, and as a rule any resistance test is a short signal. In this case, if resistance 15.92 is tested, a short signal would exist.

Swing trading plans for EFIX

  • Buy EFIX just above 15.96, target 16.58, Stop Loss @ 15.91 Details
  • If 15.96 starts to move higher, the technical summary data tells us to buy EFIX just above 15.96, with an upside target of 16.58. The data also tells us to set a stop loss at 15.91 in case the stock turns against the trade. 15.96 is the first resistance level above 15.89, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 15.96 would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short EFIX something near 15.96, target 15.25, Stop Loss @ 16.01. Details
  • The technical summary data suggests a shortfall on EFIX as it tests 15.96 with a downside target of 15.25. However, we should have a stop loss at 4:01 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, 15.96, would produce 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 EFIX

  • Buy EFIX just above 15.96, target 16.58, Stop Loss @ 15.92 Details
  • If 15.96 starts to move higher, the technical summary data tells us to buy EFIX just above 15.96, with an upside target of 16.58. The data also tells us to set a stop loss at 15.92 in case the stock turns against the trade. 15.96 is the first resistance level above 15.89, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 15.96 would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short EFIX something near 15.96, target 15.25, Stop Loss @ 16. Details
  • The technical summary data suggests a shortfall on EFIX as it tests 15.96 with a downside target of 15.25. However, we should have a stop loss at 16 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, 15.96, would produce 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 Tcw Emerging Markets Debt ETF (EFIX) Page here: EFIX.

EFIX Ratings for April 21:







Term → Near Middle
Long
Judgement Weak Neutral Neutral
P1 0 0 15.25
P2 15.77 15.72 15.92
P3 0 15.96 16.58
Support and resistance chart for EFIX

EFIX long-term analysis for April 21, 2024

Blue = Current price
Red= Resistance
Green = Support

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This report provides trading strategies for First Trust Tcw Emerging Markets Debt ETF (NASDAQ: EFIX) while incorporating risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for EFIX 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, if EFIX is testing support, 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 EFIX trading plans as well. These are all offered below the overview table.

Fundamental charts for EFIX: