Learn to Evaluate (AFG) using the Charts
November 09, 2024, 12:54 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AFG
- Buy AFG near 135.34 target 142.4 stop loss @ 134.95 Details
The technical summary data tells us to buy AFG near 135.34 with an upside target of 142.4. This data also tells us to set a stop loss @ 134.95 to protect against excessive loss in case the stock begins to move against the trade. 135.34 is the first level of support below 138.77 , and by rule, any test of support is a buy signal. In this case, support 135.34 is being tested, a buy signal would exist.
- Short AFG slightly under 142.4, target 135.34, stop loss @ 142.81 Details
The technical summary data is suggesting a short of AFG as it gets near 142.4 with a downside target of 135.34. We should have a stop loss in place at 142.81though. 142.4 is the first level of resistance above 138.77, and by rule, any test of resistance is a short signal. In this case, if resistance 142.4 is being tested, a short signal would exist.
Swing Trading Plans for AFG
- Buy AFG slightly over 142.4, target n/a, Stop Loss @ 141.99 Details
If 142.4 begins to break higher, the technical summary data tells us to buy AFG just slightly over 142.4, with an upside target of n/a. The data also tells us to set a stop loss @ 141.99 in case the stock turns against the trade. 142.4 is the first level of resistance above 138.77, and by rule, any break above resistance is a buy signal. In this case, 142.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AFG slightly near 142.4, target 135.34, Stop Loss @ 142.81. Details
The technical summary data is suggesting a short of AFG if it tests 142.4 with a downside target of 135.34. We should have a stop loss in place at 142.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 142.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AFG
- Buy AFG slightly over 142.4, target n/a, Stop Loss @ 142.07 Details
If 142.4 begins to break higher, the technical summary data tells us to buy AFG just slightly over 142.4, with an upside target of n/a. The data also tells us to set a stop loss @ 142.07 in case the stock turns against the trade. 142.4 is the first level of resistance above 138.77, and by rule, any break above resistance is a buy signal. In this case, 142.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AFG slightly near 142.4, target 136.22, Stop Loss @ 142.73. Details
The technical summary data is suggesting a short of AFG if it tests 142.4 with a downside target of 136.22. We should have a stop loss in place at 142.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 142.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for American Financial Group Inc. (AFG) available here: AFG.
AFG Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
128.01 |
| P2 |
131.62 |
127.33 |
135.34 |
| P3 |
136.22 |
132.68 |
142.4 |
AI Generated Signals for AFG
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The American Financial Group Inc. (NYSE: AFG) report below can help you understand how to do this. The trading plans for AFG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AFG:
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