June 15, 2024, 11:30 AM ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for VGI

• Buy VGI just over 7.44, target 7.73 stop loss @ 7.42 Details

The technical summary data tells us to buy VGI around 7.44 with an upside target of 7.73. This data also tells us to set a stop loss @ 7.42 to protect against excessive loss in case the stock starts moving against the trade. 7.44 is the first support level below 7.53, and as a rule any test of support is a buy signal. In this case, support 7.44 is tested, there would be a buy signal.

• Short VGI just under 7.73, target 7.44, stop loss @ 7.75 Details

The technical summary data suggests a shortfall in VGI as it nears 7.73 with a downside target of 7.44. However, we should have a stop loss at 7.75. 7.73 is the first resistance level above 7.53, and as a rule any resistance test is a short signal. In this case, if resistance 7.73 is tested, a short signal would occur.

Swing trading plans for VGI

• Buy VGI just over N/A, Target N/A, Stop Loss @ 0 Details

If n/a starts to move higher, the technical summary data tells us to buy VGI just slightly above n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock moves against reverse the transaction. N/A is the first resistance level above 7.53, and generally any break above resistance is a buy signal. In this case, the initial resistance, N/A, would break higher, so a buy signal would exist. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short VGI something near N/A, target 7.1, Stop Loss @ 0. Details

The technical summary data indicates a shortfall in VGI if N/A is tested with a downside target of 7.1. However, we should have a stop loss at 0 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, if the resistance, N/A, 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.

Day trading plans for VGI

• Buy VGI just over 7.73, target N/A, Stop Loss @ 7.71 Details

If 7.73 starts to move higher, the technical summary data tells us to buy VGI just above 7.73, with an upside target of N/A. The data also tells us to put a stop loss @ 7.71 set in case the shares turn against the trade. 7.73 is the first resistance level above 7.53, and generally any break above resistance is a buy signal. In this case, the initial resistance at 7.73 would move higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short VGI something near 7.73, target 7.1, Stop Loss @ 7.75. Details

The technical summary data suggests a shortfall on VGI as it tests 7.73 with a downside target of 7.1. However, we should have a stop loss at 7.75 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing resistance, 7.73, 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.

Check the time stamp on this data. Updated AI-generated signals for Virtus Global Multisector Income Fund of Beneficial Interest (VGI) available here: VGI.

VGI Ratings for June 15:

Term →	Near	Middle	Long
Judgement	Strong	Neutral	Neutral
P1	0	0	7.1
P2	7.58	7.56	7.44
P3	0		7.73

AI generated signals for VGI

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This report provides trading strategies for Virtus Global Multisector Income Fund of Beneficial Interest (NYSE: VGI) while incorporating risk management measures.

Warning:

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