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

October 20, 2024, 07:00 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BHFAO

• Buy BHFAO near 24.48 target 25.58 stop loss @ 24.41 Details

The technical summary data tells us to buy BHFAO near 24.48 with an upside target of 25.58. This data also tells us to set a stop loss @ 24.41 to protect against excessive loss in case the stock begins to move against the trade. 24.48 is the first level of support below 25.15 , and by rule, any test of support is a buy signal. In this case, support 24.48 would be being tested, so a buy signal would exist.

• Short BHFAO slightly under 25.58, target 24.48, stop loss @ 25.65 Details

The technical summary data is suggesting a short of BHFAO as it gets near 25.58 with a downside target of 24.48. We should have a stop loss in place at 25.65though. 25.58 is the first level of resistance above 25.15, and by rule, any test of resistance is a short signal. In this case, if resistance 25.58 is being tested, so a short signal would exist.

Swing Trading Plans for BHFAO

• Buy BHFAO slightly over 25.58, target 26.51, Stop Loss @ 25.51 Details

If 25.58 begins to break higher, the technical summary data tells us to buy BHFAO just slightly over 25.58, with an upside target of 26.51. The data also tells us to set a stop loss @ 25.51 in case the stock turns against the trade. 25.58 is the first level of resistance above 25.15, and by rule, any break above resistance is a buy signal. In this case, 25.58, 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 BHFAO slightly near 25.58, target 25.11, Stop Loss @ 25.65. Details

The technical summary data is suggesting a short of BHFAO if it tests 25.58 with a downside target of 25.11. We should have a stop loss in place at 25.65 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, 25.58, 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 BHFAO

• Buy BHFAO slightly over 25.71, target 26.51, Stop Loss @ 25.65 Details

If 25.71 begins to break higher, the technical summary data tells us to buy BHFAO just slightly over 25.71, with an upside target of 26.51. The data also tells us to set a stop loss @ 25.65 in case the stock turns against the trade. 25.71 is the first level of resistance above 25.15, and by rule, any break above resistance is a buy signal. In this case, 25.71, 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 BHFAO slightly near 25.71, target 25.11, Stop Loss @ 25.77. Details

The technical summary data is suggesting a short of BHFAO if it tests 25.71 with a downside target of 25.11. We should have a stop loss in place at 25.77 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, 25.71, 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  Brighthouse Financial Inc. Depositary Shares Each Representing A 1/1000th Interest In A Share Of 6.750% Non-cumulative Preferred Stock Series B (BHFAO) available here: BHFAO.

BHFAO Ratings for October 20:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	24.48
P2	25.5	25.11	25.58
P3	25.71	25.56	26.51

AI Generated Signals for BHFAO

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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  Brighthouse Financial Inc. Depositary Shares Each Representing A 1/1000th Interest In A Share Of 6.750% Non-cumulative Preferred Stock Series B (NASDAQ: BHFAO) data table below can help you with price action, and we have more details too. Trading plans for BHFAO 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.