When the Price of (AMP) Talks, People Listen

January 16, 2024, 18:22 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMP

• Buy AMP slightly over 355.41 target 379.51 stop loss @ 354.38 Details

The technical summary data tells us to buy AMP near 355.41 with an upside target of 379.51. This data also tells us to set a stop loss @ 354.38 to protect against excessive loss in case the stock begins to move against the trade. 355.41 is the first level of support below 373.47 , and by rule, any test of support is a buy signal. In this case, support 355.41 is being tested, a buy signal would exist.

• Short AMP slightly under 379.51, target 355.41, stop loss @ 380.61 Details

The technical summary data is suggesting a short of AMP as it gets near 379.51 with a downside target of 355.41. We should have a stop loss in place at 380.61though. 379.51 is the first level of resistance above 373.47, and by rule, any test of resistance is a short signal. In this case, if resistance 379.51 is being tested, a short signal would exist.

Swing Trading Plans for AMP

• Buy AMP slightly over 378.06, target 379.51, Stop Loss @ 376.97 Details

If 378.06 begins to break higher, the technical summary data tells us to buy AMP just slightly over 378.06, with an upside target of 379.51. The data also tells us to set a stop loss @ 376.97 in case the stock turns against the trade. 378.06 is the first level of resistance above 373.47, and by rule, any break above resistance is a buy signal. In this case, 378.06, 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 AMP slightly near 378.06, target 371.84, Stop Loss @ 379.15. Details

The technical summary data is suggesting a short of AMP if it tests 378.06 with a downside target of 371.84. We should have a stop loss in place at 379.15 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, 378.06, 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 AMP

• Buy AMP slightly over 375.26, target 378.06, Stop Loss @ 374.38 Details

If 375.26 begins to break higher, the technical summary data tells us to buy AMP just slightly over 375.26, with an upside target of 378.06. The data also tells us to set a stop loss @ 374.38 in case the stock turns against the trade. 375.26 is the first level of resistance above 373.47, and by rule, any break above resistance is a buy signal. In this case, 375.26, 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 AMP slightly near 375.26, target 371.84, Stop Loss @ 376.14. Details

The technical summary data is suggesting a short of AMP if it tests 375.26 with a downside target of 371.84. We should have a stop loss in place at 376.14 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, 375.26, 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 Ameriprise Financial Inc. (AMP) available here: AMP.

AMP Ratings for January 16:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	329.08
P2	371.2	371.84	355.41
P3	375.26	378.06	379.51

AI Generated Signals for AMP

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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 Ameriprise Financial Inc. (NYSE: AMP) 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 AMP 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.