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

January 16, 2025, 11:38 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDYG

• Buy MDYG near 86.44 target 90.61 stop loss @ 86.19 Details

The technical summary data tells us to buy MDYG near 86.44 with an upside target of 90.61. This data also tells us to set a stop loss @ 86.19 to protect against excessive loss in case the stock begins to move against the trade. 86.44 is the first level of support below 90.1056 , and by rule, any test of support is a buy signal. In this case, support 86.44 would be being tested, so a buy signal would exist.

• Short MDYG slightly under 90.61, target 86.44, stop loss @ 90.87 Details

The technical summary data is suggesting a short of MDYG as it gets near 90.61 with a downside target of 86.44. We should have a stop loss in place at 90.87though. 90.61 is the first level of resistance above 90.1056, and by rule, any test of resistance is a short signal. In this case, if resistance 90.61 is being tested, so a short signal would exist.

Swing Trading Plans for MDYG

• Buy MDYG slightly over 90.61, target 94.57, Stop Loss @ 90.35 Details

If 90.61 begins to break higher, the technical summary data tells us to buy MDYG just slightly over 90.61, with an upside target of 94.57. The data also tells us to set a stop loss @ 90.35 in case the stock turns against the trade. 90.61 is the first level of resistance above 90.1056, and by rule, any break above resistance is a buy signal. In this case, 90.61, 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 MDYG slightly near 90.61, target 88.96, Stop Loss @ 90.87. Details

The technical summary data is suggesting a short of MDYG if it tests 90.61 with a downside target of 88.96. We should have a stop loss in place at 90.87 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, 90.61, 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 MDYG

• Buy MDYG slightly over 90.61, target 94.57, Stop Loss @ 90.4 Details

If 90.61 begins to break higher, the technical summary data tells us to buy MDYG just slightly over 90.61, with an upside target of 94.57. The data also tells us to set a stop loss @ 90.4 in case the stock turns against the trade. 90.61 is the first level of resistance above 90.1056, and by rule, any break above resistance is a buy signal. In this case, 90.61, 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 MDYG slightly near 90.61, target 89.68, Stop Loss @ 90.82. Details

The technical summary data is suggesting a short of MDYG if it tests 90.61 with a downside target of 89.68. We should have a stop loss in place at 90.82 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, 90.61, 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  Spdr S&p 400 Mid Cap Growth Etf (MDYG) available here: MDYG.

MDYG Ratings for January 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	86.44
P2	87.84	87.04	90.61
P3	89.68	88.96	94.57

AI Generated Signals for MDYG

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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  Spdr S&p 400 Mid Cap Growth Etf (NASDAQ: MDYG) data table below can help you with price action, and we have more details too. Trading plans for MDYG 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.