How the (FRME) price action is used to our Advantage
September 30, 2024, 07:06 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FRME
- Buy FRME near 33.66 target 37.06 stop loss @ 33.56 Details
The technical summary data tells us to buy FRME near 33.66 with an upside target of 37.06. This data also tells us to set a stop loss @ 33.56 to protect against excessive loss in case the stock begins to move against the trade. 33.66 is the first level of support below 36.67 , and by rule, any test of support is a buy signal. In this case, support 33.66 would be being tested, so a buy signal would exist.
- Short FRME slightly under 37.06, target 33.66, stop loss @ 37.17 Details
The technical summary data is suggesting a short of FRME as it gets near 37.06 with a downside target of 33.66. We should have a stop loss in place at 37.17though. 37.06 is the first level of resistance above 36.67, and by rule, any test of resistance is a short signal. In this case, if resistance 37.06 is being tested, so a short signal would exist.
Swing Trading Plans for FRME
- Buy FRME slightly over 37.06, target 38.15, Stop Loss @ 36.95 Details
If 37.06 begins to break higher, the technical summary data tells us to buy FRME just slightly over 37.06, with an upside target of 38.15. The data also tells us to set a stop loss @ 36.95 in case the stock turns against the trade. 37.06 is the first level of resistance above 36.67, and by rule, any break above resistance is a buy signal. In this case, 37.06, 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 FRME slightly near 37.06, target 36.57, Stop Loss @ 37.17. Details
The technical summary data is suggesting a short of FRME if it tests 37.06 with a downside target of 36.57. We should have a stop loss in place at 37.17 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, 37.06, 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 FRME
- Buy FRME slightly over 37.06, target 38.15, Stop Loss @ 36.97 Details
If 37.06 begins to break higher, the technical summary data tells us to buy FRME just slightly over 37.06, with an upside target of 38.15. The data also tells us to set a stop loss @ 36.97 in case the stock turns against the trade. 37.06 is the first level of resistance above 36.67, and by rule, any break above resistance is a buy signal. In this case, 37.06, 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 FRME slightly near 37.06, target 36.57, Stop Loss @ 37.15. Details
The technical summary data is suggesting a short of FRME if it tests 37.06 with a downside target of 36.57. We should have a stop loss in place at 37.15 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, 37.06, 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 First Merchants Corporation (FRME) available here: FRME.
FRME Ratings for September 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
33.66 |
| P2 |
36.44 |
36.57 |
37.06 |
| P3 |
36.87 |
38.15 |
40.71 |
AI Generated Signals for FRME
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 First Merchants Corporation (NASDAQ: FRME) data table below can help you with price action, and we have more details too. Trading plans for FRME 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 FRME:
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