When the Price of (MAG) Talks, People Listen
November 13, 2024, 16:18 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MAG
- Buy MAG near 13.32 target 15.24 stop loss @ 13.28 Details
The technical summary data tells us to buy MAG near 13.32 with an upside target of 15.24. This data also tells us to set a stop loss @ 13.28 to protect against excessive loss in case the stock begins to move against the trade. 13.32 is the first level of support below 14.75 , and by rule, any test of support is a buy signal. In this case, support 13.32 would be being tested, so a buy signal would exist.
- Short MAG slightly under 15.24, target 13.32, stop loss @ 15.28 Details
The technical summary data is suggesting a short of MAG as it gets near 15.24 with a downside target of 13.32. We should have a stop loss in place at 15.28though. 15.24 is the first level of resistance above 14.75, and by rule, any test of resistance is a short signal. In this case, if resistance 15.24 is being tested, so a short signal would exist.
Swing Trading Plans for MAG
- Buy MAG slightly over 15.24, target 15.47, Stop Loss @ 15.2 Details
If 15.24 begins to break higher, the technical summary data tells us to buy MAG just slightly over 15.24, with an upside target of 15.47. The data also tells us to set a stop loss @ 15.2 in case the stock turns against the trade. 15.24 is the first level of resistance above 14.75, and by rule, any break above resistance is a buy signal. In this case, 15.24, 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 MAG slightly near 15.24, target 14.71, Stop Loss @ 15.28. Details
The technical summary data is suggesting a short of MAG if it tests 15.24 with a downside target of 14.71. We should have a stop loss in place at 15.28 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, 15.24, 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 MAG
- Buy MAG slightly over 15.47, target 17.27, Stop Loss @ 15.43 Details
If 15.47 begins to break higher, the technical summary data tells us to buy MAG just slightly over 15.47, with an upside target of 17.27. The data also tells us to set a stop loss @ 15.43 in case the stock turns against the trade. 15.47 is the first level of resistance above 14.75, and by rule, any break above resistance is a buy signal. In this case, 15.47, 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 MAG slightly near 15.47, target 14.71, Stop Loss @ 15.51. Details
The technical summary data is suggesting a short of MAG if it tests 15.47 with a downside target of 14.71. We should have a stop loss in place at 15.51 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, 15.47, 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 Mag Silver Corporation (MAG) available here: MAG.
MAG Ratings for November 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
13.32 |
| P2 |
14.62 |
14.71 |
15.24 |
| P3 |
15.36 |
15.47 |
17.27 |
AI Generated Signals for MAG
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Mag Silver Corporation (NYSE: MAG) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MAG can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MAG:
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