When the Price of (AFG) Talks, People Listen
June 28, 2024, 13:34 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AFG
- Buy AFG slightly over 123.1 target 130.51 stop loss @ 122.74 Details
The technical summary data tells us to buy AFG near 123.1 with an upside target of 130.51. This data also tells us to set a stop loss @ 122.74 to protect against excessive loss in case the stock begins to move against the trade. 123.1 is the first level of support below 123.23 , and by rule, any test of support is a buy signal. In this case, support 123.1 would be being tested, so a buy signal would exist.
- Short AFG slightly under 130.51, target 123.1, stop loss @ 130.89 Details
The technical summary data is suggesting a short of AFG as it gets near 130.51 with a downside target of 123.1. We should have a stop loss in place at 130.89though. 130.51 is the first level of resistance above 123.23, and by rule, any test of resistance is a short signal. In this case, if resistance 130.51 is being tested, so a short signal would exist.
Swing Trading Plans for AFG
- Buy AFG slightly over 124.01, target 126.97, Stop Loss @ 123.65 Details
If 124.01 begins to break higher, the technical summary data tells us to buy AFG just slightly over 124.01, with an upside target of 126.97. The data also tells us to set a stop loss @ 123.65 in case the stock turns against the trade. 124.01 is the first level of resistance above 123.23, and by rule, any break above resistance is a buy signal. In this case, 124.01, 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 AFG slightly near 124.01, target 123.1, Stop Loss @ 124.37. Details
The technical summary data is suggesting a short of AFG if it tests 124.01 with a downside target of 123.1. We should have a stop loss in place at 124.37 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, 124.01, 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 AFG
- Buy AFG slightly over 124.01, target 124.93, Stop Loss @ 123.72 Details
If 124.01 begins to break higher, the technical summary data tells us to buy AFG just slightly over 124.01, with an upside target of 124.93. The data also tells us to set a stop loss @ 123.72 in case the stock turns against the trade. 124.01 is the first level of resistance above 123.23, and by rule, any break above resistance is a buy signal. In this case, 124.01, 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 AFG slightly near 124.01, target 123.1, Stop Loss @ 124.3. Details
The technical summary data is suggesting a short of AFG if it tests 124.01 with a downside target of 123.1. We should have a stop loss in place at 124.3 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, 124.01, 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 American Financial Group Inc. (AFG) available here: AFG.
AFG Ratings for June 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
123.1 |
| P2 |
122.75 |
124.01 |
130.51 |
| P3 |
124.93 |
126.97 |
138.04 |
AI Generated Signals for AFG
Blue = Current Price
Red= Resistance
Green = Support
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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 American Financial Group Inc. (NYSE: AFG) 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 AFG 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.
Fundamental Charts for AFG:
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