How the price action of Marsh & Mclennan ($MMC) is used to our Advantage
October 18, 2023, 03:15 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MMC
- Buy MMC slightly over 184.97 target 193.15 stop loss @ 184.44 Details
The technical summary data tells us to buy MMC near 184.97 with an upside target of 193.15. This data also tells us to set a stop loss @ 184.44 to protect against excessive loss in case the stock begins to move against the trade. 184.97 is the first level of support below 190.9 , and by rule, any test of support is a buy signal. In this case, support 184.97 would be being tested, so a buy signal would exist.
- Short MMC slightly under 193.15, target 184.97, stop loss @ 193.71 Details
The technical summary data is suggesting a short of MMC as it gets near 193.15 with a downside target of 184.97. We should have a stop loss in place at 193.71though. 193.15 is the first level of resistance above 190.9, and by rule, any test of resistance is a short signal. In this case, if resistance 193.15 is being tested, so a short signal would exist.
Swing Trading Plans for MMC
- Buy MMC slightly over 193.15, target 194.21, Stop Loss @ 192.59 Details
If 193.15 begins to break higher, the technical summary data tells us to buy MMC just slightly over 193.15, with an upside target of 194.21. The data also tells us to set a stop loss @ 192.59 in case the stock turns against the trade. 193.15 is the first level of resistance above 190.9, and by rule, any break above resistance is a buy signal. In this case, 193.15, 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 MMC slightly near 193.15, target 190.62, Stop Loss @ 193.71. Details
The technical summary data is suggesting a short of MMC if it tests 193.15 with a downside target of 190.62. We should have a stop loss in place at 193.71 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, 193.15, 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 MMC
- Buy MMC slightly over 191.45, target 193.15, Stop Loss @ 191 Details
If 191.45 begins to break higher, the technical summary data tells us to buy MMC just slightly over 191.45, with an upside target of 193.15. The data also tells us to set a stop loss @ 191 in case the stock turns against the trade. 191.45 is the first level of resistance above 190.9, and by rule, any break above resistance is a buy signal. In this case, 191.45, 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 MMC slightly near 191.45, target 190.62, Stop Loss @ 191.9. Details
The technical summary data is suggesting a short of MMC if it tests 191.45 with a downside target of 190.62. We should have a stop loss in place at 191.9 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, 191.45, 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 Marsh & Mclennan (MMC) available here: MMC.
MMC Ratings for October 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
184.97 |
| P2 |
190.05 |
190.62 |
193.15 |
| P3 |
191.45 |
194.21 |
201.24 |
AI Generated Signals for MMC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Marsh & Mclennan (NYSE: MMC) data table below can help you with price action, and we have more details too. Trading plans for MMC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MMC:
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