Learn to Evaluate (MGC) using the Charts
May 12, 2024, 15:00 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGC
- Buy MGC slightly over 183.48 target 190.55 stop loss @ 182.95 Details
The technical summary data tells us to buy MGC near 183.48 with an upside target of 190.55. This data also tells us to set a stop loss @ 182.95 to protect against excessive loss in case the stock begins to move against the trade. 183.48 is the first level of support below 186.46 , and by rule, any test of support is a buy signal. In this case, support 183.48 is being tested, a buy signal would exist.
- Short MGC slightly under 190.55, target 183.48, stop loss @ 191.1 Details
The technical summary data is suggesting a short of MGC as it gets near 190.55 with a downside target of 183.48. We should have a stop loss in place at 191.1though. 190.55 is the first level of resistance above 186.46, and by rule, any test of resistance is a short signal. In this case, if resistance 190.55 is being tested, a short signal would exist.
Swing Trading Plans for MGC
- Buy MGC slightly over 187.86, target 190.55, Stop Loss @ 187.32 Details
If 187.86 begins to break higher, the technical summary data tells us to buy MGC just slightly over 187.86, with an upside target of 190.55. The data also tells us to set a stop loss @ 187.32 in case the stock turns against the trade. 187.86 is the first level of resistance above 186.46, and by rule, any break above resistance is a buy signal. In this case, 187.86, 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 MGC slightly near 187.86, target 184.9, Stop Loss @ 188.4. Details
The technical summary data is suggesting a short of MGC if it tests 187.86 with a downside target of 184.9. We should have a stop loss in place at 188.4 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, 187.86, 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 MGC
- Buy MGC slightly over 186.93, target 187.86, Stop Loss @ 186.49 Details
If 186.93 begins to break higher, the technical summary data tells us to buy MGC just slightly over 186.93, with an upside target of 187.86. The data also tells us to set a stop loss @ 186.49 in case the stock turns against the trade. 186.93 is the first level of resistance above 186.46, and by rule, any break above resistance is a buy signal. In this case, 186.93, 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 MGC slightly near 186.93, target 186.23, Stop Loss @ 187.37. Details
The technical summary data is suggesting a short of MGC if it tests 186.93 with a downside target of 186.23. We should have a stop loss in place at 187.37 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, 186.93, 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 Vanguard Mega Cap 300 Index Etf (MGC) available here: MGC.
MGC Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
176.06 |
| P2 |
186.23 |
184.9 |
183.48 |
| P3 |
186.93 |
187.86 |
190.55 |
AI Generated Signals for MGC
Blue = Current Price
Red= Resistance
Green = Support
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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 Vanguard Mega Cap 300 Index Etf (NYSE: MGC) report below can help you understand how to do this. The trading plans for MGC, 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.
Fundamental Charts for MGC:
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