June 15, 2024, 12:16 PM ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for VIRT

• Buy VIRT slightly above target 23.38 N/A stop loss @ 23.31. Details

The technical summary data tells us to buy VIRT around 23.38, but the summary table shows no upside target at the moment. In this case we must wait until an update of the summary table is made (which usually happens at the beginning of each trading day), or until the position is stopped. The data does tell us to set a stop loss 23.31 to protect against excessive loss in case the stock starts moving against the trade. 23.38 is the first support level below 23.42, and as a rule any test of support is a buy signal. In this case, if support 23.38 is tested, a buy signal would exist.

• NO . Details

NO .
There are no current resistance levels from the summary table, and therefore there are no Short Resistance Plans telling us to short resistance tests. Resistance levels have broken higher and unless stock prices move lower and back below support levels, short positions look risky.

Swing trading plans for VIRT

• Buy VIRT just above 24.91, target N/A, Stop Loss @ 24.84 Details

If 24.91 starts to move higher, the technical summary data tells us to buy VIRT just above 24.91, with an upside target of N/A. The data also tells us to put a stop loss @ 24.84 set in case the shares turn against the trade. 24.91 is the first resistance level above 23.42, and as a rule, any break above resistance is a buy signal. In this case, the initial resistance at 24.91 would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

• Short VIRT something near 24.91, target 23.38, Stop Loss @ 24.98. Details

The technical summary data suggests a shortfall on VIRT as it tests 24.91 with a downside target of 23.38. However, we should have a stop loss at 24.98 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing resistance 24.91 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 VIRT

• Buy VIRT just above 23.78, target 24.91, Stop Loss @ 23.72 Details

If 23.78 starts to move higher, the technical summary data tells us to buy VIRT just above 23.78, with an upside target of 24.91. The data also tells us to set a stop loss at 23.72 in case the stock turns against the trade. 23.78 is the first resistance level above 23.42, and as a rule, any break above resistance is a buy signal. In this case, 23.78, 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 VIRT something near 23.78, target 23.38, Stop Loss @ 23.84. Details

The technical summary data suggests a shortfall on VIRT as it tests 23.78 with a downside target of 23.38. However, we should have a stop loss at 23.84 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, 23.78, would produce 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 Virtu Financial Inc. (VIRT) available here: VIRT.

VIRT Ratings for June 15:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Strong
P1	0	0	19.24
P2	23.2	23.33	21.24
P3	23.78	24.91	23.38

AI-generated signals for VIRT

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This report provides trading strategies for Virtu Financial Inc. (NASDAQ: VIRT) 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 VIRT 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 VIRT is testing support buying signals, resistance 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 VIRT as well. These are all offered below the overview table.