Trading (AMAL) With Integrated Risk Controls
June 29, 2024, 16:52 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMAL
- Buy AMAL slightly over 26.38 target 29.33 stop loss @ 26.3 Details
The technical summary data tells us to buy AMAL near 26.38 with an upside target of 29.33. This data also tells us to set a stop loss @ 26.3 to protect against excessive loss in case the stock begins to move against the trade. 26.38 is the first level of support below 27.4 , and by rule, any test of support is a buy signal. In this case, support 26.38 is being tested, a buy signal would exist.
- Short AMAL slightly under 29.33, target 26.38, stop loss @ 29.41 Details
The technical summary data is suggesting a short of AMAL as it gets near 29.33 with a downside target of 26.38. We should have a stop loss in place at 29.41though. 29.33 is the first level of resistance above 27.4, and by rule, any test of resistance is a short signal. In this case, if resistance 29.33 is being tested, a short signal would exist.
Swing Trading Plans for AMAL
- Buy AMAL slightly over 29.33, target n/a, Stop Loss @ 29.25 Details
If 29.33 begins to break higher, the technical summary data tells us to buy AMAL just slightly over 29.33, with an upside target of n/a. The data also tells us to set a stop loss @ 29.25 in case the stock turns against the trade. 29.33 is the first level of resistance above 27.4, and by rule, any break above resistance is a buy signal. In this case, 29.33, 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 AMAL slightly near 29.33, target 26.71, Stop Loss @ 29.41. Details
The technical summary data is suggesting a short of AMAL if it tests 29.33 with a downside target of 26.71. We should have a stop loss in place at 29.41 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, 29.33, 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 AMAL
- Buy AMAL slightly over 29.33, target n/a, Stop Loss @ 29.26 Details
If 29.33 begins to break higher, the technical summary data tells us to buy AMAL just slightly over 29.33, with an upside target of n/a. The data also tells us to set a stop loss @ 29.26 in case the stock turns against the trade. 29.33 is the first level of resistance above 27.4, and by rule, any break above resistance is a buy signal. In this case, 29.33, 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 AMAL slightly near 29.33, target 27.1, Stop Loss @ 29.4. Details
The technical summary data is suggesting a short of AMAL if it tests 29.33 with a downside target of 27.1. We should have a stop loss in place at 29.4 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, 29.33, 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 Amalgamated Financial Corp. (AMAL) available here: AMAL.
AMAL Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
23.57 |
| P2 |
26.41 |
25.7 |
26.38 |
| P3 |
27.1 |
26.71 |
29.33 |
AI Generated Signals for AMAL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AMAL:
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