Price sits 2.92% above the 200-SMA and roughly 4.8% above the 50-SMA, confirming a positive slope handoff between short- and long-term trend proxies. RSI at 64.38 shows strong momentum without yet triggering overbought (>70), leaving room for continuation but flagging near-term extension risk. The MACD spread of +0.55 over signal reflects accelerating momentum, while the 50-SMA crossing back toward the 200-SMA marks a mean-reversion-to-trend inflection. Trade-quality (79.1) and profit-probability (83.0) reinforce a constructive but not chase-worthy setup.
Monday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $AVGO, $HIMS, $NVDA, $HD, $COST, $ALGN.
5 of 5 plays
IGV is trading at 97.42, extended above both the 50-SMA (92.97) and 200-SMA (94.65) with MACD (0.56) firmly above signal (0.01), marking a bullish inflection as the trend structure re-aligns from below to above the long-term mean.
EntryPreferred entry on a controlled pullback into the 94.65–95.50 zone (200-SMA confluence); secondary trigger on a decisive close above 98.00 confirming breakout continuation.
Targets100.50 — round-number resistance and measured extension from the 200-SMA reclaim → 104.00 — trend continuation objective consistent with current MACD slope
StopInvalidation on a close below 92.97 (50-SMA); breaking this level would negate the momentum thrust and reopen downside toward the prior base.
Educational only. Not financial advice.