Learn to Evaluate (MGNR) using the Charts

November 18, 2024, 06:26 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGNR

• Buy MGNR near 29.72 target 32.21 stop loss @ 29.63 Details

The technical summary data tells us to buy MGNR near 29.72 with an upside target of 32.21. This data also tells us to set a stop loss @ 29.63 to protect against excessive loss in case the stock begins to move against the trade. 29.72 is the first level of support below 30.8238 , and by rule, any test of support is a buy signal. In this case, support 29.72 is being tested, a buy signal would exist.

• Short MGNR slightly under 32.21, target 29.72, stop loss @ 32.3 Details

The technical summary data is suggesting a short of MGNR as it gets near 32.21 with a downside target of 29.72. We should have a stop loss in place at 32.3though. 32.21 is the first level of resistance above 30.8238, and by rule, any test of resistance is a short signal. In this case, if resistance 32.21 is being tested, a short signal would exist.

Swing Trading Plans for MGNR

• Buy MGNR slightly over 31.74, target 32.21, Stop Loss @ 31.65 Details

If 31.74 begins to break higher, the technical summary data tells us to buy MGNR just slightly over 31.74, with an upside target of 32.21. The data also tells us to set a stop loss @ 31.65 in case the stock turns against the trade. 31.74 is the first level of resistance above 30.8238, and by rule, any break above resistance is a buy signal. In this case, 31.74, 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 MGNR slightly near 31.74, target 30.71, Stop Loss @ 31.83. Details

The technical summary data is suggesting a short of MGNR if it tests 31.74 with a downside target of 30.71. We should have a stop loss in place at 31.83 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, 31.74, 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 MGNR

• Buy MGNR slightly over 30.93, target 31.74, Stop Loss @ 30.86 Details

If 30.93 begins to break higher, the technical summary data tells us to buy MGNR just slightly over 30.93, with an upside target of 31.74. The data also tells us to set a stop loss @ 30.86 in case the stock turns against the trade. 30.93 is the first level of resistance above 30.8238, and by rule, any break above resistance is a buy signal. In this case, 30.93, 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 MGNR slightly near 30.93, target 30.71, Stop Loss @ 31. Details

The technical summary data is suggesting a short of MGNR if it tests 30.93 with a downside target of 30.71. We should have a stop loss in place at 31 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, 30.93, 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  American Beacon Glg Natural Resources Etf (MGNR) available here: MGNR.

MGNR Ratings for November 18:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	26.95
P2	30.42	30.71	29.72
P3	30.93	31.74	32.21

AI Generated Signals for MGNR

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  American Beacon Glg Natural Resources Etf (NASDAQ: MGNR) report below can help you understand how to do this. The trading plans for MGNR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.