When the Price of Fmc $FMC Talks, People Listen

October 16, 2023, 08:30 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FMC

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short FMC slightly under 70.76, target n/a, stop loss @ 70.96 Details

The technical summary data is suggesting a short of FMC as it gets near 70.76, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 70.96. 70.76 is the first level of resistance above 63.14, and by rule, any test of resistance is a short signal. In this case, if resistance 70.76 is being tested, so a short signal would exist.

Swing Trading Plans for FMC

• Buy FMC slightly over 70.76, target 82.30, Stop Loss @ 70.56 Details

If 70.76 begins to break higher, the technical summary data tells us to buy FMC just slightly over 70.76, with an upside target of 82.30. The data also tells us to set a stop loss @ 70.56 in case the stock turns against the trade. 70.76 is the first level of resistance above 63.14, and by rule, any break above resistance is a buy signal. In this case, 70.76, 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 FMC slightly near 70.76, target 62.65, Stop Loss @ 70.96. Details

The technical summary data is suggesting a short of FMC if it tests 70.76 with a downside target of 62.65. We should have a stop loss in place at 70.96 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, 70.76, 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 FMC

• Buy FMC slightly over 70.76, target 82.30, Stop Loss @ 70.59 Details

If 70.76 begins to break higher, the technical summary data tells us to buy FMC just slightly over 70.76, with an upside target of 82.30. The data also tells us to set a stop loss @ 70.59 in case the stock turns against the trade. 70.76 is the first level of resistance above 63.14, and by rule, any break above resistance is a buy signal. In this case, 70.76, 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 FMC slightly near 70.76, target 62.70, Stop Loss @ 70.93. Details

The technical summary data is suggesting a short of FMC if it tests 70.76 with a downside target of 62.70. We should have a stop loss in place at 70.93 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, 70.76, 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 Fmc (FMC) available here: FMC.

FMC Ratings for October 16:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	70.76
P2	61.12	60.89	82.30
P3	62.70	62.65	94.05

AI Generated Signals for FMC

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Fmc (NYSE: FMC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for FMC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.