Trading (AMWL) With Integrated Risk Controls
November 17, 2024, 14:18 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMWL
- Buy AMWL near 4.35 target 8.42 stop loss @ 4.34 Details
The technical summary data tells us to buy AMWL near 4.35 with an upside target of 8.42. This data also tells us to set a stop loss @ 4.34 to protect against excessive loss in case the stock begins to move against the trade. 4.35 is the first level of support below 8.36 , and by rule, any test of support is a buy signal. In this case, support 4.35 is being tested, a buy signal would exist.
- Short AMWL slightly under 8.42, target 4.35, stop loss @ 8.44 Details
The technical summary data is suggesting a short of AMWL as it gets near 8.42 with a downside target of 4.35. We should have a stop loss in place at 8.44though. 8.42 is the first level of resistance above 8.36, and by rule, any test of resistance is a short signal. In this case, if resistance 8.42 is being tested, a short signal would exist.
Swing Trading Plans for AMWL
- Buy AMWL slightly over 8.43, target 8.76, Stop Loss @ 8.41 Details
If 8.43 begins to break higher, the technical summary data tells us to buy AMWL just slightly over 8.43, with an upside target of 8.76. The data also tells us to set a stop loss @ 8.41 in case the stock turns against the trade. 8.43 is the first level of resistance above 8.36, and by rule, any break above resistance is a buy signal. In this case, 8.43, 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 AMWL slightly near 8.43, target 4.35, Stop Loss @ 8.45. Details
The technical summary data is suggesting a short of AMWL if it tests 8.43 with a downside target of 4.35. We should have a stop loss in place at 8.45 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, 8.43, 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 AMWL
- Buy AMWL slightly over 8.52, target 8.76, Stop Loss @ 8.5 Details
If 8.52 begins to break higher, the technical summary data tells us to buy AMWL just slightly over 8.52, with an upside target of 8.76. The data also tells us to set a stop loss @ 8.5 in case the stock turns against the trade. 8.52 is the first level of resistance above 8.36, and by rule, any break above resistance is a buy signal. In this case, 8.52, 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 AMWL slightly near 8.52, target 4.35, Stop Loss @ 8.54. Details
The technical summary data is suggesting a short of AMWL if it tests 8.52 with a downside target of 4.35. We should have a stop loss in place at 8.54 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, 8.52, 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 Well Corporation Class A (AMWL) available here: AMWL.
AMWL Ratings for November 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
0.68 |
| P2 |
8.3 |
8.43 |
4.35 |
| P3 |
8.52 |
8.76 |
8.42 |
AI Generated Signals for AMWL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AMWL:
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