July 21, 2024, 1:08 am ET, BY James G. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for DON

• Buy DON slightly above 48.24, target 50.34 stop loss @ 48.1 Details

The technical summary data tells us to buy DON near 48.24 with an upside target of 50.34. This data also tells us to set a stop loss @ 48.1 to protect against excessive loss in case the stock starts to move against the trade. 48.24 is the first support level below 48.66, and as per the rule, any test of support is a buy signal. In this case, if support 48.24 is tested, there would be a buy signal.

• Short DON just below 50.34, target 48.24, stop loss @ 50.49 Details

The technical summary data suggests a short of DON as it is approaching 50.34 with a downside target of 48.24. However, we should have a stop loss at 50.49. 50.34 is the first resistance level above 48.66 and as per the rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance 50.34 is tested.

Swing Trading Plans for DON

• Buy DON slightly above 49.16, target 50.34, stop loss @ 49.02 Details

If 49.16 starts to break higher, the technical summary data tells us to buy DON slightly above 49.16, with an upside target of 50.34. The data also tells us to set a stop loss at 49.02 in case the stock turns against the trade. 49.16 is the first resistance level above 48.66, and as a rule, any break above the resistance is a buy signal. In this case, 49.16, the initial resistance, would break higher, so there would be a buy signal. Since this plan is based on a break above the resistance, it is called a Long Resistance Plan.

• Short DON something around 49.16, target price 48.24, stop loss @ 49.3. Details

The technical summary data suggests a short of DON if it tests 49.16 with a downside target of 48.24. However, we should have a stop loss at 49.3 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, 49.16, 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 DON

• Buy DON slightly above 49.16, target 49.55, stop loss @ 49.05 Details

If 49.16 starts to break higher, the technical summary data tells us to buy DON just above 49.16, with an upside target of 49.55. The data also tells us to set a stop loss at 49.05 in case the stock turns against the trade. 49.16 is the first resistance level above 48.66, and as a rule, any break above resistance is a buy signal. In this case, 49.16, the initial resistance, would break higher, so there would be a buy signal. Because this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short DON something around 49.16, target price 48.24, stop loss @ 49.27. Details

The technical summary data suggests a short of DON if it tests 49.16 with a downside target of 48.24. However, we should have a stop loss at 49.27 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, 49.16, is tested. 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 Wisdomtree Us Midcap Dividend Fund (DON) available here: MAFIA BOSS.

DON ratings for July 21:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Strong
P1	0	0	46
P2	49.55	49.16	48.24
P3	50.2	50.34	50.34

AI generated signals for DON

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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 Wisdomtree Us Midcap Dividend Fund (NYSE: DON) and applies careful risk management.

Warning:

This is a static report, the data below was valid at the time of publishing, but support and resistance levels for DON 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 govern the data in this report are the rules of technical analysis. For example, if DON 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 DON. All of these are provided below the summary table.