Where are the Opportunities in (AMP)

December 12, 2024, 16:42 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMP

• Buy AMP near 516.39 target 555.32 stop loss @ 514.9 Details

The technical summary data tells us to buy AMP near 516.39 with an upside target of 555.32. This data also tells us to set a stop loss @ 514.9 to protect against excessive loss in case the stock begins to move against the trade. 516.39 is the first level of support below 547.83 , and by rule, any test of support is a buy signal. In this case, support 516.39 is being tested, a buy signal would exist.

• Short AMP slightly under 555.32, target 516.39, stop loss @ 556.92 Details

The technical summary data is suggesting a short of AMP as it gets near 555.32 with a downside target of 516.39. We should have a stop loss in place at 556.92though. 555.32 is the first level of resistance above 547.83, and by rule, any test of resistance is a short signal. In this case, if resistance 555.32 is being tested, a short signal would exist.

Swing Trading Plans for AMP

• Buy AMP slightly over 555.32, target 555.6, Stop Loss @ 553.72 Details

If 555.32 begins to break higher, the technical summary data tells us to buy AMP just slightly over 555.32, with an upside target of 555.6. The data also tells us to set a stop loss @ 553.72 in case the stock turns against the trade. 555.32 is the first level of resistance above 547.83, and by rule, any break above resistance is a buy signal. In this case, 555.32, 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 555.32, target 545.86, Stop Loss @ 556.92. Details

The technical summary data is suggesting a short of AMP if it tests 555.32 with a downside target of 545.86. We should have a stop loss in place at 556.92 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, 555.32, 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 555.32, target 555.6, Stop Loss @ 554.02 Details

If 555.32 begins to break higher, the technical summary data tells us to buy AMP just slightly over 555.32, with an upside target of 555.6. The data also tells us to set a stop loss @ 554.02 in case the stock turns against the trade. 555.32 is the first level of resistance above 547.83, and by rule, any break above resistance is a buy signal. In this case, 555.32, 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 555.32, target 547.6, Stop Loss @ 556.62. Details

The technical summary data is suggesting a short of AMP if it tests 555.32 with a downside target of 547.6. We should have a stop loss in place at 556.62 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, 555.32, 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 December 12:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	475.47
P2	541.61	545.86	516.39
P3	547.6	555.6	555.32

AI Generated Signals for AMP

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ameriprise Financial Inc. (NYSE: AMP) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMP too.  All of these are offered below the Summary Table.