Learn to Evaluate (IMCG) using the Charts
August 24, 2024, 23:08 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IMCG
- Buy IMCG slightly over 67.37 target 71.04 stop loss @ 67.18 Details
The technical summary data tells us to buy IMCG near 67.37 with an upside target of 71.04. This data also tells us to set a stop loss @ 67.18 to protect against excessive loss in case the stock begins to move against the trade. 67.37 is the first level of support below 70.96 , and by rule, any test of support is a buy signal. In this case, support 67.37 would be being tested, so a buy signal would exist.
- Short IMCG slightly under 71.04, target 67.37, stop loss @ 71.25 Details
The technical summary data is suggesting a short of IMCG as it gets near 71.04 with a downside target of 67.37. We should have a stop loss in place at 71.25though. 71.04 is the first level of resistance above 70.96, and by rule, any test of resistance is a short signal. In this case, if resistance 71.04 is being tested, so a short signal would exist.
Swing Trading Plans for IMCG
- Buy IMCG slightly over 71.04, target 71.34, Stop Loss @ 70.83 Details
If 71.04 begins to break higher, the technical summary data tells us to buy IMCG just slightly over 71.04, with an upside target of 71.34. The data also tells us to set a stop loss @ 70.83 in case the stock turns against the trade. 71.04 is the first level of resistance above 70.96, and by rule, any break above resistance is a buy signal. In this case, 71.04, 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 IMCG slightly near 71.04, target 70.57, Stop Loss @ 71.25. Details
The technical summary data is suggesting a short of IMCG if it tests 71.04 with a downside target of 70.57. We should have a stop loss in place at 71.25 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, 71.04, 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 IMCG
- Buy IMCG slightly over 71.04, target 71.34, Stop Loss @ 70.87 Details
If 71.04 begins to break higher, the technical summary data tells us to buy IMCG just slightly over 71.04, with an upside target of 71.34. The data also tells us to set a stop loss @ 70.87 in case the stock turns against the trade. 71.04 is the first level of resistance above 70.96, and by rule, any break above resistance is a buy signal. In this case, 71.04, 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 IMCG slightly near 71.04, target 70.57, Stop Loss @ 71.21. Details
The technical summary data is suggesting a short of IMCG if it tests 71.04 with a downside target of 70.57. We should have a stop loss in place at 71.21 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, 71.04, 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 Ishares Morningstar Mid-cap Growth Etf (IMCG) available here: IMCG.
IMCG Ratings for August 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
67.37 |
| P2 |
70.44 |
70.57 |
71.04 |
| P3 |
70.91 |
71.34 |
74.5 |
AI Generated Signals for IMCG
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 Ishares Morningstar Mid-cap Growth Etf (NASDAQ: IMCG) report below can help you understand how to do this. The trading plans for IMCG, 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 IMCG:
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