When the Price of (FMAO) Talks, People Listen

October 10, 2024, 23:20 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FMAO

• Buy FMAO near 25.66 target 28.73 stop loss @ 25.59 Details

The technical summary data tells us to buy FMAO near 25.66 with an upside target of 28.73. This data also tells us to set a stop loss @ 25.59 to protect against excessive loss in case the stock begins to move against the trade. 25.66 is the first level of support below 26.13 , and by rule, any test of support is a buy signal. In this case, support 25.66 is being tested, a buy signal would exist.

• Short FMAO slightly under 28.73, target 25.66, stop loss @ 28.81 Details

The technical summary data is suggesting a short of FMAO as it gets near 28.73 with a downside target of 25.66. We should have a stop loss in place at 28.81though. 28.73 is the first level of resistance above 26.13, and by rule, any test of resistance is a short signal. In this case, if resistance 28.73 is being tested, a short signal would exist.

Swing Trading Plans for FMAO

• Buy FMAO slightly over 26.23, target 28.73, Stop Loss @ 26.15 Details

If 26.23 begins to break higher, the technical summary data tells us to buy FMAO just slightly over 26.23, with an upside target of 28.73. The data also tells us to set a stop loss @ 26.15 in case the stock turns against the trade. 26.23 is the first level of resistance above 26.13, and by rule, any break above resistance is a buy signal. In this case, 26.23, 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 FMAO slightly near 26.23, target 25.66, Stop Loss @ 26.31. Details

The technical summary data is suggesting a short of FMAO if it tests 26.23 with a downside target of 25.66. We should have a stop loss in place at 26.31 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, 26.23, 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 FMAO

• Buy FMAO slightly over 26.29, target 28.73, Stop Loss @ 26.23 Details

If 26.29 begins to break higher, the technical summary data tells us to buy FMAO just slightly over 26.29, with an upside target of 28.73. The data also tells us to set a stop loss @ 26.23 in case the stock turns against the trade. 26.29 is the first level of resistance above 26.13, and by rule, any break above resistance is a buy signal. In this case, 26.29, 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 FMAO slightly near 26.29, target 25.94, Stop Loss @ 26.35. Details

The technical summary data is suggesting a short of FMAO if it tests 26.29 with a downside target of 25.94. We should have a stop loss in place at 26.35 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, 26.29, 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 Farmers & Merchants Bancorp Inc. (FMAO) available here: FMAO.

FMAO Ratings for October 10:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	22.82
P2	25.94	25.35	25.66
P3	26.29	26.23	28.73

AI Generated Signals for FMAO

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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 Farmers & Merchants Bancorp Inc. (NASDAQ: FMAO) 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 FMAO 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.