(WTM) Trading Signals

April 17, 2024, 12:42 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WTM

• Buy WTM slightly over 1699.03 target 1815.28 stop loss @ 1694.12 Details

The technical summary data tells us to buy WTM near 1699.03 with an upside target of 1815.28. This data also tells us to set a stop loss @ 1694.12 to protect against excessive loss in case the stock begins to move against the trade. 1699.03 is the first level of support below 1715 , and by rule, any test of support is a buy signal. In this case, support 1699.03 is being tested, a buy signal would exist.

• Short WTM slightly under 1815.28, target 1699.03, stop loss @ 1820.52 Details

The technical summary data is suggesting a short of WTM as it gets near 1815.28 with a downside target of 1699.03. We should have a stop loss in place at 1820.52though. 1815.28 is the first level of resistance above 1715, and by rule, any test of resistance is a short signal. In this case, if resistance 1815.28 is being tested, a short signal would exist.

Swing Trading Plans for WTM

• Buy WTM slightly over 1815.28, target n/a, Stop Loss @ 1810.04 Details

If 1815.28 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1815.28, with an upside target of n/a. The data also tells us to set a stop loss @ 1810.04 in case the stock turns against the trade. 1815.28 is the first level of resistance above 1715, and by rule, any break above resistance is a buy signal. In this case, 1815.28, 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 1815.28, target 1709.1, Stop Loss @ 1820.52. Details

The technical summary data is suggesting a short of WTM if it tests 1815.28 with a downside target of 1709.1. We should have a stop loss in place at 1820.52 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, 1815.28, 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 1815.28, target n/a, Stop Loss @ 1811.04 Details

If 1815.28 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1815.28, with an upside target of n/a. The data also tells us to set a stop loss @ 1811.04 in case the stock turns against the trade. 1815.28 is the first level of resistance above 1715, and by rule, any break above resistance is a buy signal. In this case, 1815.28, 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 1815.28, target 1709.1, Stop Loss @ 1819.52. Details

The technical summary data is suggesting a short of WTM if it tests 1815.28 with a downside target of 1709.1. We should have a stop loss in place at 1819.52 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, 1815.28, 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 April 17:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	1589.11
P2	1670.31	1660.36	1699.03
P3	1707.58	1709.1	1815.28

AI Generated Signals for WTM

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Trading White Mountains Insurance Group Ltd. (NYSE: WTM) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

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.

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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.