How the (AMP) price action is used to our Advantage

April 29, 2024, 08:38 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMP

• Buy AMP slightly over 391.86 target 415.35 stop loss @ 390.73 Details

The technical summary data tells us to buy AMP near 391.86 with an upside target of 415.35. This data also tells us to set a stop loss @ 390.73 to protect against excessive loss in case the stock begins to move against the trade. 391.86 is the first level of support below 410.01 , and by rule, any test of support is a buy signal. In this case, support 391.86 would be being tested, so a buy signal would exist.

• Short AMP slightly under 415.35, target 391.86, stop loss @ 416.55 Details

The technical summary data is suggesting a short of AMP as it gets near 415.35 with a downside target of 391.86. We should have a stop loss in place at 416.55though. 415.35 is the first level of resistance above 410.01, and by rule, any test of resistance is a short signal. In this case, if resistance 415.35 is being tested, so a short signal would exist.

Swing Trading Plans for AMP

• Buy AMP slightly over 414.26, target 415.35, Stop Loss @ 413.06 Details

If 414.26 begins to break higher, the technical summary data tells us to buy AMP just slightly over 414.26, with an upside target of 415.35. The data also tells us to set a stop loss @ 413.06 in case the stock turns against the trade. 414.26 is the first level of resistance above 410.01, and by rule, any break above resistance is a buy signal. In this case, 414.26, 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 AMP slightly near 414.26, target 402.58, Stop Loss @ 415.46. Details

The technical summary data is suggesting a short of AMP if it tests 414.26 with a downside target of 402.58. We should have a stop loss in place at 415.46 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, 414.26, 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 AMP

• Buy AMP slightly over 411.65, target 414.26, Stop Loss @ 410.69 Details

If 411.65 begins to break higher, the technical summary data tells us to buy AMP just slightly over 411.65, with an upside target of 414.26. The data also tells us to set a stop loss @ 410.69 in case the stock turns against the trade. 411.65 is the first level of resistance above 410.01, and by rule, any break above resistance is a buy signal. In this case, 411.65, 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 AMP slightly near 411.65, target 402.58, Stop Loss @ 412.61. Details

The technical summary data is suggesting a short of AMP if it tests 411.65 with a downside target of 402.58. We should have a stop loss in place at 412.61 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, 411.65, 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  Ameriprise Financial Inc. (AMP) available here: AMP.

AMP Ratings for April 29:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	391.86
P2	402.17	402.58	415.35
P3	411.65	414.26	437.92

AI Generated Signals for AMP

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Ameriprise Financial Inc. (NYSE: AMP) data table below can help you with price action, and we have more details too. Trading plans for AMP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.