Trading (MPB) With Integrated Risk Controls
December 15, 2024, 22:06 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MPB
- Buy MPB near 30.76 target 34.32 stop loss @ 30.67 Details
The technical summary data tells us to buy MPB near 30.76 with an upside target of 34.32. This data also tells us to set a stop loss @ 30.67 to protect against excessive loss in case the stock begins to move against the trade. 30.76 is the first level of support below 30.83 , and by rule, any test of support is a buy signal. In this case, support 30.76 is being tested, a buy signal would exist.
- Short MPB slightly under 34.32, target 30.76, stop loss @ 34.42 Details
The technical summary data is suggesting a short of MPB as it gets near 34.32 with a downside target of 30.76. We should have a stop loss in place at 34.42though. 34.32 is the first level of resistance above 30.83, and by rule, any test of resistance is a short signal. In this case, if resistance 34.32 is being tested, a short signal would exist.
Swing Trading Plans for MPB
- Buy MPB slightly over 31.28, target 34.32, Stop Loss @ 31.19 Details
If 31.28 begins to break higher, the technical summary data tells us to buy MPB just slightly over 31.28, with an upside target of 34.32. The data also tells us to set a stop loss @ 31.19 in case the stock turns against the trade. 31.28 is the first level of resistance above 30.83, and by rule, any break above resistance is a buy signal. In this case, 31.28, 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 MPB slightly near 31.28, target 30.76, Stop Loss @ 31.37. Details
The technical summary data is suggesting a short of MPB if it tests 31.28 with a downside target of 30.76. We should have a stop loss in place at 31.37 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, 31.28, 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 MPB
- Buy MPB slightly over 31.28, target 34.32, Stop Loss @ 31.21 Details
If 31.28 begins to break higher, the technical summary data tells us to buy MPB just slightly over 31.28, with an upside target of 34.32. The data also tells us to set a stop loss @ 31.21 in case the stock turns against the trade. 31.28 is the first level of resistance above 30.83, and by rule, any break above resistance is a buy signal. In this case, 31.28, 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 MPB slightly near 31.28, target 30.76, Stop Loss @ 31.35. Details
The technical summary data is suggesting a short of MPB if it tests 31.28 with a downside target of 30.76. We should have a stop loss in place at 31.35 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, 31.28, 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 Mid Penn Bancorp (MPB) available here: MPB.
MPB Ratings for December 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
27.23 |
| P2 |
30.67 |
30.59 |
30.76 |
| P3 |
31.22 |
31.28 |
34.32 |
AI Generated Signals for MPB
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MPB:
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