June 15, 2024, 3:54 AM ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for TPYP

• Buy TPYP just over 28.01 target 28.86 stop loss @ 27.93 Details

The technical summary data tells us to buy TPYP around 28.01 with an upside target of 28.86. This data also tells us to set a stop loss @27.93 to protect against excessive loss in case the stock starts moving against the trade. 28.01 is the first support level below 28.1, and as a rule any test of support is a buy signal. In this case, support 28.01 is tested and there would be a buy signal.

• Short TPYP just below 28.86, target 28.01, stop loss @ 28.94 Details

The technical summary data indicates a shortfall in TPYP as it nears 28.86 with a downside target of 28.01. However, we should have a stop loss at 28.94. 28.86 is the first resistance level above 28.1, and as a rule any resistance test is a short signal. In this case, testing resistance 28.86 would produce a short signal.

Swing trading plans for TPYP

• Buy TPYP just above 28.43, Target 28.86, Stop Loss @ 28.35 Details

If 28.43 starts to move higher, the technical summary data tells us to buy TPYP just above 28.43, with an upside target of 28.86. The data also tells us to set a stop loss at 28.35 in case the stock turns against the trade. 28.43 is the first resistance level above 28.1, and as a rule, any break above resistance is a buy signal. In this case, 28.43, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short TPYP something near 28.43, target 28.01, Stop Loss @ 28.51. Details

The technical summary data suggests a shortfall on TPYP as it tests 28.43 with a downside target of 28.01. However, we should have a stop loss at 28.51 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, 28.43, 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 TPYP

• Buy TPYP just above 28.86, target N/A, Stop Loss @ 28.79 Details

If 28.86 starts to move higher, the technical summary data tells us to buy TPYP just above 28.86, with an upside target of N/A. The data also tells us to put a stop loss at 28.79 set in case the shares turn against the trade. 28.86 is the first resistance level above 28.1, and as a rule, any break above resistance is a buy signal. In this case, 28.86, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short TPYP something near 28.86, target 28.01, stop loss @ 28.93. Details

The technical summary data suggests a shortfall on TPYP as it tests 28.86 with a downside target of 28.01. However, we should have a stop loss at 28.93 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if resistance, 28.86, is tested, a short signal would occur. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Check the time stamp on this data. Updated AI-generated signals for Tortoise North American Pipeline Fund ETF (TPYP) available here: TPYP.

TPYP Ratings for June 15:

AI-generated signals for TPYP

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