(WTM) Technical Pivots with Risk Controls

February 24, 2024, 16:02 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WTM

• Buy WTM slightly over 1695.64 target n/a stop loss @ 1690.74. Details

The technical summary data tells us to buy WTM near 1695.64, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 1690.74 to protect against excessive loss in case the stock begins to move against the trade. 1695.64 is the first level of support below 1771.92, and by rule, any test of support is a buy signal. In this case, if support 1695.64 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for WTM

• Buy WTM slightly over 1779.19, target 1831.68, Stop Loss @ 1774.05 Details

If 1779.19 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1779.19, with an upside target of 1831.68. The data also tells us to set a stop loss @ 1774.05 in case the stock turns against the trade. 1779.19 is the first level of resistance above 1771.92, and by rule, any break above resistance is a buy signal. In this case, 1779.19, 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 WTM slightly near 1779.19, target 1695.64, Stop Loss @ 1784.33. Details

The technical summary data is suggesting a short of WTM if it tests 1779.19 with a downside target of 1695.64. We should have a stop loss in place at 1784.33 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, 1779.19, 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 WTM

• Buy WTM slightly over 1779.19, target 1794.98, Stop Loss @ 1775.04 Details

If 1779.19 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1779.19, with an upside target of 1794.98. The data also tells us to set a stop loss @ 1775.04 in case the stock turns against the trade. 1779.19 is the first level of resistance above 1771.92, and by rule, any break above resistance is a buy signal. In this case, 1779.19, 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 WTM slightly near 1779.19, target 1762.25, Stop Loss @ 1783.34. Details

The technical summary data is suggesting a short of WTM if it tests 1779.19 with a downside target of 1762.25. We should have a stop loss in place at 1783.34 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, 1779.19, 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 White Mountains Insurance Group Ltd. (WTM) available here: WTM.

WTM Ratings for February 24:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	1493.83
P2	1762.25	1779.19	1590.49
P3	1794.98	1831.68	1695.64

AI Generated Signals for WTM

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The technical pivots for White Mountains Insurance Group Ltd. (NYSE: WTM) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WTM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WTM 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 WTM too.  All of these are offered below the Summary Table.