Trading (AFG) With Integrated Risk Controls

October 18, 2024, 19:40 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AFG

• Buy AFG near 135.89 target 142.97 stop loss @ 135.5 Details

The technical summary data tells us to buy AFG near 135.89 with an upside target of 142.97. This data also tells us to set a stop loss @ 135.5 to protect against excessive loss in case the stock begins to move against the trade. 135.89 is the first level of support below 136.32 , and by rule, any test of support is a buy signal. In this case, support 135.89 is being tested, a buy signal would exist.

• Short AFG slightly under 142.97, target 135.89, stop loss @ 143.38 Details

The technical summary data is suggesting a short of AFG as it gets near 142.97 with a downside target of 135.89. We should have a stop loss in place at 143.38though. 142.97 is the first level of resistance above 136.32, and by rule, any test of resistance is a short signal. In this case, if resistance 142.97 is being tested, a short signal would exist.

Swing Trading Plans for AFG

• Buy AFG slightly over 137.91, target 142.97, Stop Loss @ 137.51 Details

If 137.91 begins to break higher, the technical summary data tells us to buy AFG just slightly over 137.91, with an upside target of 142.97. The data also tells us to set a stop loss @ 137.51 in case the stock turns against the trade. 137.91 is the first level of resistance above 136.32, and by rule, any break above resistance is a buy signal. In this case, 137.91, 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 slightly near 137.91, target 135.89, Stop Loss @ 138.31. Details

The technical summary data is suggesting a short of AFG if it tests 137.91 with a downside target of 135.89. We should have a stop loss in place at 138.31 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, 137.91, 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 slightly over 137.44, target 137.91, Stop Loss @ 137.12 Details

If 137.44 begins to break higher, the technical summary data tells us to buy AFG just slightly over 137.44, with an upside target of 137.91. The data also tells us to set a stop loss @ 137.12 in case the stock turns against the trade. 137.44 is the first level of resistance above 136.32, and by rule, any break above resistance is a buy signal. In this case, 137.44, 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 slightly near 137.44, target 135.89, Stop Loss @ 137.76. Details

The technical summary data is suggesting a short of AFG if it tests 137.44 with a downside target of 135.89. We should have a stop loss in place at 137.76 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, 137.44, 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 Financial Group Inc. (AFG) available here: AFG.

AFG Ratings for October 18:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	128.65
P2	135.63	135.43	135.89
P3	137.44	137.91	142.97

AI Generated Signals for AFG

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