How the (WTM) price action is used to our Advantage
April 27, 2024, 06:28 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WTM
- Buy WTM slightly over 1716.44 target 1831.17 stop loss @ 1711.48 Details
The technical summary data tells us to buy WTM near 1716.44 with an upside target of 1831.17. This data also tells us to set a stop loss @ 1711.48 to protect against excessive loss in case the stock begins to move against the trade. 1716.44 is the first level of support below 1768.38 , and by rule, any test of support is a buy signal. In this case, support 1716.44 is being tested, a buy signal would exist.
- Short WTM slightly under 1831.17, target 1716.44, stop loss @ 1836.46 Details
The technical summary data is suggesting a short of WTM as it gets near 1831.17 with a downside target of 1716.44. We should have a stop loss in place at 1836.46though. 1831.17 is the first level of resistance above 1768.38, and by rule, any test of resistance is a short signal. In this case, if resistance 1831.17 is being tested, a short signal would exist.
Swing Trading Plans for WTM
- Buy WTM slightly over 1776.16, target 1831.17, Stop Loss @ 1771.03 Details
If 1776.16 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1776.16, with an upside target of 1831.17. The data also tells us to set a stop loss @ 1771.03 in case the stock turns against the trade. 1776.16 is the first level of resistance above 1768.38, and by rule, any break above resistance is a buy signal. In this case, 1776.16, 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 WTM slightly near 1776.16, target 1729.63, Stop Loss @ 1781.29. Details
The technical summary data is suggesting a short of WTM if it tests 1776.16 with a downside target of 1729.63. We should have a stop loss in place at 1781.29 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, 1776.16, 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 WTM
- Buy WTM slightly over 1770.37, target 1776.16, Stop Loss @ 1766.24 Details
If 1770.37 begins to break higher, the technical summary data tells us to buy WTM just slightly over 1770.37, with an upside target of 1776.16. The data also tells us to set a stop loss @ 1766.24 in case the stock turns against the trade. 1770.37 is the first level of resistance above 1768.38, and by rule, any break above resistance is a buy signal. In this case, 1770.37, 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 WTM slightly near 1770.37, target 1731.98, Stop Loss @ 1774.5. Details
The technical summary data is suggesting a short of WTM if it tests 1770.37 with a downside target of 1731.98. We should have a stop loss in place at 1774.5 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, 1770.37, 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 White Mountains Insurance Group Ltd. (WTM) available here: WTM.
WTM Ratings for April 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
1606.2 |
| P2 |
1731.98 |
1729.63 |
1716.44 |
| P3 |
1770.37 |
1776.16 |
1831.17 |
AI Generated Signals for WTM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The White Mountains Insurance Group Ltd. (NYSE: WTM) data table below can help you with price action, and we have more details too. Trading plans for WTM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WTM:
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