Trading (AGX) With Integrated Risk Controls
December 12, 2024, 14:56 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AGX
- Buy AGX near 128.09 target 152.2 stop loss @ 127.72 Details
The technical summary data tells us to buy AGX near 128.09 with an upside target of 152.2. This data also tells us to set a stop loss @ 127.72 to protect against excessive loss in case the stock begins to move against the trade. 128.09 is the first level of support below 143.63 , and by rule, any test of support is a buy signal. In this case, support 128.09 is being tested, a buy signal would exist.
- Short AGX slightly under 152.2, target 128.09, stop loss @ 152.64 Details
The technical summary data is suggesting a short of AGX as it gets near 152.2 with a downside target of 128.09. We should have a stop loss in place at 152.64though. 152.2 is the first level of resistance above 143.63, and by rule, any test of resistance is a short signal. In this case, if resistance 152.2 is being tested, a short signal would exist.
Swing Trading Plans for AGX
- Buy AGX slightly over 148.43, target 152.2, Stop Loss @ 148 Details
If 148.43 begins to break higher, the technical summary data tells us to buy AGX just slightly over 148.43, with an upside target of 152.2. The data also tells us to set a stop loss @ 148 in case the stock turns against the trade. 148.43 is the first level of resistance above 143.63, and by rule, any break above resistance is a buy signal. In this case, 148.43, 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 AGX slightly near 148.43, target 140.45, Stop Loss @ 148.86. Details
The technical summary data is suggesting a short of AGX if it tests 148.43 with a downside target of 140.45. We should have a stop loss in place at 148.86 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, 148.43, 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 AGX
- Buy AGX slightly over 147.89, target 148.43, Stop Loss @ 147.54 Details
If 147.89 begins to break higher, the technical summary data tells us to buy AGX just slightly over 147.89, with an upside target of 148.43. The data also tells us to set a stop loss @ 147.54 in case the stock turns against the trade. 147.89 is the first level of resistance above 143.63, and by rule, any break above resistance is a buy signal. In this case, 147.89, 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 AGX slightly near 147.89, target 142.14, Stop Loss @ 148.24. Details
The technical summary data is suggesting a short of AGX if it tests 147.89 with a downside target of 142.14. We should have a stop loss in place at 148.24 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, 147.89, 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 Argan Inc. (AGX) available here: AGX.
AGX Ratings for December 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
106.66 |
| P2 |
142.14 |
140.45 |
128.09 |
| P3 |
147.89 |
148.43 |
152.2 |
AI Generated Signals for AGX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AGX:
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