How the (AMG) price action is used to our Advantage

July 19, 2024, 18:32 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AMG

• Buy AMG slightly over 165.61 target 176.86 stop loss @ 165.13 Details

The technical summary data tells us to buy AMG near 165.61 with an upside target of 176.86. This data also tells us to set a stop loss @ 165.13 to protect against excessive loss in case the stock begins to move against the trade. 165.61 is the first level of support below 167.94 , and by rule, any test of support is a buy signal. In this case, support 165.61 is being tested, a buy signal would exist.

• Short AMG slightly under 176.86, target 165.61, stop loss @ 177.37 Details

The technical summary data is suggesting a short of AMG as it gets near 176.86 with a downside target of 165.61. We should have a stop loss in place at 177.37though. 176.86 is the first level of resistance above 167.94, and by rule, any test of resistance is a short signal. In this case, if resistance 176.86 is being tested, a short signal would exist.

Swing Trading Plans for AMG

• Buy AMG slightly over 170.6, target 176.86, Stop Loss @ 170.11 Details

If 170.6 begins to break higher, the technical summary data tells us to buy AMG just slightly over 170.6, with an upside target of 176.86. The data also tells us to set a stop loss @ 170.11 in case the stock turns against the trade. 170.6 is the first level of resistance above 167.94, and by rule, any break above resistance is a buy signal. In this case, 170.6, 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 AMG slightly near 170.6, target 165.61, Stop Loss @ 171.09. Details

The technical summary data is suggesting a short of AMG if it tests 170.6 with a downside target of 165.61. We should have a stop loss in place at 171.09 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, 170.6, 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 AMG

• Buy AMG slightly over 170.6, target 172.18, Stop Loss @ 170.2 Details

If 170.6 begins to break higher, the technical summary data tells us to buy AMG just slightly over 170.6, with an upside target of 172.18. The data also tells us to set a stop loss @ 170.2 in case the stock turns against the trade. 170.6 is the first level of resistance above 167.94, and by rule, any break above resistance is a buy signal. In this case, 170.6, 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 AMG slightly near 170.6, target 165.61, Stop Loss @ 171. Details

The technical summary data is suggesting a short of AMG if it tests 170.6 with a downside target of 165.61. We should have a stop loss in place at 171 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, 170.6, 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  Affiliated Managers Group Inc. (AMG) available here: AMG.

AMG Ratings for July 19:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	155.12
P2	172.18	170.6	165.61
P3	174.55	176.82	176.86

AI Generated Signals for AMG

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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  Affiliated Managers Group Inc. (NYSE: AMG) data table below can help you with price action, and we have more details too. Trading plans for AMG 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.