Learn to Evaluate American Financial Group (AFG) using the Charts

Source: Stock Traders Daily

Longer Term Trading Plans for AFG
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short AFG under 133.83, target n/a, stop loss @ 134.22 Details
  • The technical summary data is suggesting a short of AFG as it gets near 133.83, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 134.22. 133.83 is the first level of resistance above 131.79, and by rule, any test of resistance is a short signal. In this case, if resistance 133.83 is being tested, so a short signal would exist.

Swing Trading Plans for AFG
  • Buy AFG over 133.83, target 142.62, Stop Loss @ 133.44 Details
  • If 133.83 begins to break higher, the technical summary data tells us to buy AFG just over 133.83, with an upside target of 142.62. The data also tells us to set a stop loss @ 133.44 in case the stock turns against the trade. 133.83 is the first level of resistance above 131.79, and by rule, any break above resistance is a buy signal. In this case, 133.83, 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 AFG near 133.83, target 127.02, Stop Loss @ 134.22. Details
  • The technical summary data is suggesting a short of AFG if it tests 133.83 with a downside target of 127.02. We should have a stop loss in place at 134.22 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, 133.83, 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 AFG
  • Buy AFG over 132.49, target 133.83, Stop Loss @ 132.18 Details
  • If 132.49 begins to break higher, the technical summary data tells us to buy AFG just over 132.49, with an upside target of 133.83. The data also tells us to set a stop loss @ 132.18 in case the stock turns against the trade. 132.49 is the first level of resistance above 131.79, and by rule, any break above resistance is a buy signal. In this case, 132.49, 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 AFG near 132.49, target 127.02, Stop Loss @ 132.8. Details
  • The technical summary data is suggesting a short of AFG if it tests 132.49 with a downside target of 127.02. We should have a stop loss in place at 132.8 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, 132.49, 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.

AFG Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Strong Neutral
P1 0 0 133.83
P2 132.49 127.02 142.62
P3 135.96 133.66 151.04

AFG Long Term Analysis for June 23 2022


AFG Swing Trading Analysis for June 23 2022


AFG Day Trading Analysis for June 23 2022

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  American Financial Group (NYSE: AFG) report below can help you understand how to do this. The trading plans for AFG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

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