When the Price of (MGMT) Talks, People Listen

September 20, 2024, 21:18 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGMT

• Buy MGMT near 37.47 target 39.19 stop loss @ 37.36 Details

The technical summary data tells us to buy MGMT near 37.47 with an upside target of 39.19. This data also tells us to set a stop loss @ 37.36 to protect against excessive loss in case the stock begins to move against the trade. 37.47 is the first level of support below 38.44 , and by rule, any test of support is a buy signal. In this case, support 37.47 is being tested, a buy signal would exist.

• Short MGMT slightly under 39.19, target 37.47, stop loss @ 39.3 Details

The technical summary data is suggesting a short of MGMT as it gets near 39.19 with a downside target of 37.47. We should have a stop loss in place at 39.3though. 39.19 is the first level of resistance above 38.44, and by rule, any test of resistance is a short signal. In this case, if resistance 39.19 is being tested, a short signal would exist.

Swing Trading Plans for MGMT

• Buy MGMT slightly over 39.19, target n/a, Stop Loss @ 39.08 Details

If 39.19 begins to break higher, the technical summary data tells us to buy MGMT just slightly over 39.19, with an upside target of n/a. The data also tells us to set a stop loss @ 39.08 in case the stock turns against the trade. 39.19 is the first level of resistance above 38.44, and by rule, any break above resistance is a buy signal. In this case, 39.19, 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 MGMT slightly near 39.19, target 38.4, Stop Loss @ 39.3. Details

The technical summary data is suggesting a short of MGMT if it tests 39.19 with a downside target of 38.4. We should have a stop loss in place at 39.3 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, 39.19, 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 MGMT

• Buy MGMT slightly over 38.62, target 39.19, Stop Loss @ 38.53 Details

If 38.62 begins to break higher, the technical summary data tells us to buy MGMT just slightly over 38.62, with an upside target of 39.19. The data also tells us to set a stop loss @ 38.53 in case the stock turns against the trade. 38.62 is the first level of resistance above 38.44, and by rule, any break above resistance is a buy signal. In this case, 38.62, 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 MGMT slightly near 38.62, target 38.4, Stop Loss @ 38.71. Details

The technical summary data is suggesting a short of MGMT if it tests 38.62 with a downside target of 38.4. We should have a stop loss in place at 38.71 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, 38.62, 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 Ballast Small/mid Cap Etf (MGMT) available here: MGMT.

MGMT Ratings for September 20:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	35.78
P2	38.2	36.95	37.47
P3	38.62	38.4	39.19

AI Generated Signals for MGMT

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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 Ballast Small/mid Cap Etf (NASDAQ: MGMT) 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 MGMT 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.