Trading (AGM) With Integrated Risk Controls

January 16, 2024, 15:32 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AGM

• Buy AGM slightly over 175.89 target 189.36 stop loss @ 175.38 Details

The technical summary data tells us to buy AGM near 175.89 with an upside target of 189.36. This data also tells us to set a stop loss @ 175.38 to protect against excessive loss in case the stock begins to move against the trade. 175.89 is the first level of support below 178.01 , and by rule, any test of support is a buy signal. In this case, support 175.89 is being tested, a buy signal would exist.

• Short AGM slightly under 189.36, target 175.89, stop loss @ 189.91 Details

The technical summary data is suggesting a short of AGM as it gets near 189.36 with a downside target of 175.89. We should have a stop loss in place at 189.91though. 189.36 is the first level of resistance above 178.01, and by rule, any test of resistance is a short signal. In this case, if resistance 189.36 is being tested, a short signal would exist.

Swing Trading Plans for AGM

• Buy AGM slightly over 181.12, target 189.36, Stop Loss @ 180.6 Details

If 181.12 begins to break higher, the technical summary data tells us to buy AGM just slightly over 181.12, with an upside target of 189.36. The data also tells us to set a stop loss @ 180.6 in case the stock turns against the trade. 181.12 is the first level of resistance above 178.01, and by rule, any break above resistance is a buy signal. In this case, 181.12, 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 AGM slightly near 181.12, target 176.86, Stop Loss @ 181.64. Details

The technical summary data is suggesting a short of AGM if it tests 181.12 with a downside target of 176.86. We should have a stop loss in place at 181.64 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, 181.12, 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 AGM

• Buy AGM slightly over 179.46, target 181.12, Stop Loss @ 179.04 Details

If 179.46 begins to break higher, the technical summary data tells us to buy AGM just slightly over 179.46, with an upside target of 181.12. The data also tells us to set a stop loss @ 179.04 in case the stock turns against the trade. 179.46 is the first level of resistance above 178.01, and by rule, any break above resistance is a buy signal. In this case, 179.46, 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 AGM slightly near 179.46, target 177.04, Stop Loss @ 179.88. Details

The technical summary data is suggesting a short of AGM if it tests 179.46 with a downside target of 177.04. We should have a stop loss in place at 179.88 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, 179.46, 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 Federal Agricultural Mortgage Corporation (AGM) available here: AGM.

AGM Ratings for January 16:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	162.35
P2	177.04	176.86	175.89
P3	179.46	181.12	189.36

AI Generated Signals for AGM

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