Trend Tracker for (MDGL)

January 16, 2025, 11:26 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDGL

• Buy MDGL near 249.74 target 295.67 stop loss @ 249.02 Details

The technical summary data tells us to buy MDGL near 249.74 with an upside target of 295.67. This data also tells us to set a stop loss @ 249.02 to protect against excessive loss in case the stock begins to move against the trade. 249.74 is the first level of support below 270.905 , and by rule, any test of support is a buy signal. In this case, support 249.74 would be being tested, so a buy signal would exist.

• Short MDGL slightly under 295.67, target 249.74, stop loss @ 296.52 Details

The technical summary data is suggesting a short of MDGL as it gets near 295.67 with a downside target of 249.74. We should have a stop loss in place at 296.52though. 295.67 is the first level of resistance above 270.905, and by rule, any test of resistance is a short signal. In this case, if resistance 295.67 is being tested, so a short signal would exist.

Swing Trading Plans for MDGL

• Buy MDGL slightly over 279.24, target 295.67, Stop Loss @ 278.43 Details

If 279.24 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 279.24, with an upside target of 295.67. The data also tells us to set a stop loss @ 278.43 in case the stock turns against the trade. 279.24 is the first level of resistance above 270.905, and by rule, any break above resistance is a buy signal. In this case, 279.24, 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 MDGL slightly near 279.24, target 249.74, Stop Loss @ 280.05. Details

The technical summary data is suggesting a short of MDGL if it tests 279.24 with a downside target of 249.74. We should have a stop loss in place at 280.05 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, 279.24, 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 MDGL

• Buy MDGL slightly over 273.53, target 279.24, Stop Loss @ 272.89 Details

If 273.53 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 273.53, with an upside target of 279.24. The data also tells us to set a stop loss @ 272.89 in case the stock turns against the trade. 273.53 is the first level of resistance above 270.905, and by rule, any break above resistance is a buy signal. In this case, 273.53, 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 MDGL slightly near 273.53, target 254.63, Stop Loss @ 274.17. Details

The technical summary data is suggesting a short of MDGL if it tests 273.53 with a downside target of 254.63. We should have a stop loss in place at 274.17 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, 273.53, 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 Madrigal Pharmaceuticals Inc. (MDGL) available here: MDGL.

MDGL Ratings for January 16:

AI Generated Signals for MDGL

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The data for Madrigal Pharmaceuticals Inc. (NASDAQ: MDGL) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MDGL 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 MDGL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each 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 acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MDGL too.  All of these are offered below the Summary Table.