Trading (BSIG) With Integrated Risk Controls
August 10, 2024, 14:34 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BSIG
- Buy BSIG slightly over 21.52 target 23.77 stop loss @ 21.46 Details
The technical summary data tells us to buy BSIG near 21.52 with an upside target of 23.77. This data also tells us to set a stop loss @ 21.46 to protect against excessive loss in case the stock begins to move against the trade. 21.52 is the first level of support below 22.41 , and by rule, any test of support is a buy signal. In this case, support 21.52 would be being tested, so a buy signal would exist.
- Short BSIG slightly under 23.77, target 21.52, stop loss @ 23.84 Details
The technical summary data is suggesting a short of BSIG as it gets near 23.77 with a downside target of 21.52. We should have a stop loss in place at 23.84though. 23.77 is the first level of resistance above 22.41, and by rule, any test of resistance is a short signal. In this case, if resistance 23.77 is being tested, so a short signal would exist.
Swing Trading Plans for BSIG
- Buy BSIG slightly over 23.77, target 25.97, Stop Loss @ 23.7 Details
If 23.77 begins to break higher, the technical summary data tells us to buy BSIG just slightly over 23.77, with an upside target of 25.97. The data also tells us to set a stop loss @ 23.7 in case the stock turns against the trade. 23.77 is the first level of resistance above 22.41, and by rule, any break above resistance is a buy signal. In this case, 23.77, 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 BSIG slightly near 23.77, target 22.08, Stop Loss @ 23.84. Details
The technical summary data is suggesting a short of BSIG if it tests 23.77 with a downside target of 22.08. We should have a stop loss in place at 23.84 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, 23.77, 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 BSIG
- Buy BSIG slightly over 23.77, target 25.97, Stop Loss @ 23.71 Details
If 23.77 begins to break higher, the technical summary data tells us to buy BSIG just slightly over 23.77, with an upside target of 25.97. The data also tells us to set a stop loss @ 23.71 in case the stock turns against the trade. 23.77 is the first level of resistance above 22.41, and by rule, any break above resistance is a buy signal. In this case, 23.77, 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 BSIG slightly near 23.77, target 22.27, Stop Loss @ 23.83. Details
The technical summary data is suggesting a short of BSIG if it tests 23.77 with a downside target of 22.27. We should have a stop loss in place at 23.83 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, 23.77, 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 Brightsphere Investment Group Inc. (BSIG) available here: BSIG.
BSIG Ratings for August 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
21.52 |
| P2 |
21.81 |
20.53 |
23.77 |
| P3 |
22.27 |
22.08 |
25.97 |
AI Generated Signals for BSIG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BSIG:
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