(MGK) Investment Analysis

October 23, 2024, 04:48 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGK

• Buy MGK near 326.83 target 341.31 stop loss @ 325.89 Details

The technical summary data tells us to buy MGK near 326.83 with an upside target of 341.31. This data also tells us to set a stop loss @ 325.89 to protect against excessive loss in case the stock begins to move against the trade. 326.83 is the first level of support below 329.87 , and by rule, any test of support is a buy signal. In this case, support 326.83 is being tested, a buy signal would exist.

• Short MGK slightly under 341.31, target 326.83, stop loss @ 342.3 Details

The technical summary data is suggesting a short of MGK as it gets near 341.31 with a downside target of 326.83. We should have a stop loss in place at 342.3though. 341.31 is the first level of resistance above 329.87, and by rule, any test of resistance is a short signal. In this case, if resistance 341.31 is being tested, a short signal would exist.

Swing Trading Plans for MGK

• Buy MGK slightly over 331.36, target 341.31, Stop Loss @ 330.4 Details

If 331.36 begins to break higher, the technical summary data tells us to buy MGK just slightly over 331.36, with an upside target of 341.31. The data also tells us to set a stop loss @ 330.4 in case the stock turns against the trade. 331.36 is the first level of resistance above 329.87, and by rule, any break above resistance is a buy signal. In this case, 331.36, 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 MGK slightly near 331.36, target 327.5, Stop Loss @ 332.32. Details

The technical summary data is suggesting a short of MGK if it tests 331.36 with a downside target of 327.5. We should have a stop loss in place at 332.32 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, 331.36, 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 MGK

• Buy MGK slightly over 330.95, target 331.36, Stop Loss @ 330.18 Details

If 330.95 begins to break higher, the technical summary data tells us to buy MGK just slightly over 330.95, with an upside target of 331.36. The data also tells us to set a stop loss @ 330.18 in case the stock turns against the trade. 330.95 is the first level of resistance above 329.87, and by rule, any break above resistance is a buy signal. In this case, 330.95, 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 MGK slightly near 330.95, target 329.22, Stop Loss @ 331.72. Details

The technical summary data is suggesting a short of MGK if it tests 330.95 with a downside target of 329.22. We should have a stop loss in place at 331.72 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, 330.95, 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 Vanguard Mega Cap Growth Etf (MGK) available here: MGK.

MGK Ratings for October 23:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	311.03
P2	329.22	327.5	326.83
P3	330.95	331.36	341.31

AI Generated Signals for MGK

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With an objective approach to Vanguard Mega Cap Growth Etf (NYSE: MGK), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MGK 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 MGK 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 MGK too.  All of these are offered below the Summary Table.