How the (BWFG) price action is used to our Advantage
August 10, 2024, 16:18 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BWFG
- Buy BWFG slightly over 25.05 target 27.64 stop loss @ 24.98 Details
The technical summary data tells us to buy BWFG near 25.05 with an upside target of 27.64. This data also tells us to set a stop loss @ 24.98 to protect against excessive loss in case the stock begins to move against the trade. 25.05 is the first level of support below 26.02 , and by rule, any test of support is a buy signal. In this case, support 25.05 is being tested, a buy signal would exist.
- Short BWFG slightly under 27.64, target 25.05, stop loss @ 27.72 Details
The technical summary data is suggesting a short of BWFG as it gets near 27.64 with a downside target of 25.05. We should have a stop loss in place at 27.72though. 27.64 is the first level of resistance above 26.02, and by rule, any test of resistance is a short signal. In this case, if resistance 27.64 is being tested, a short signal would exist.
Swing Trading Plans for BWFG
- Buy BWFG slightly over 26.69, target 27.64, Stop Loss @ 26.61 Details
If 26.69 begins to break higher, the technical summary data tells us to buy BWFG just slightly over 26.69, with an upside target of 27.64. The data also tells us to set a stop loss @ 26.61 in case the stock turns against the trade. 26.69 is the first level of resistance above 26.02, and by rule, any break above resistance is a buy signal. In this case, 26.69, 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 BWFG slightly near 26.69, target 25.32, Stop Loss @ 26.77. Details
The technical summary data is suggesting a short of BWFG if it tests 26.69 with a downside target of 25.32. We should have a stop loss in place at 26.77 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, 26.69, 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 BWFG
- Buy BWFG slightly over 26.15, target 26.69, Stop Loss @ 26.09 Details
If 26.15 begins to break higher, the technical summary data tells us to buy BWFG just slightly over 26.15, with an upside target of 26.69. The data also tells us to set a stop loss @ 26.09 in case the stock turns against the trade. 26.15 is the first level of resistance above 26.02, and by rule, any break above resistance is a buy signal. In this case, 26.15, 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 BWFG slightly near 26.15, target 25.32, Stop Loss @ 26.21. Details
The technical summary data is suggesting a short of BWFG if it tests 26.15 with a downside target of 25.32. We should have a stop loss in place at 26.21 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, 26.15, 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 Bankwell Financial Group Inc. (BWFG) available here: BWFG.
BWFG Ratings for August 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
22.65 |
| P2 |
26.15 |
25.32 |
25.05 |
| P3 |
26.58 |
26.69 |
27.64 |
AI Generated Signals for BWFG
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 Bankwell Financial Group Inc. (NASDAQ: BWFG) data table below can help you with price action, and we have more details too. Trading plans for BWFG 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 BWFG:
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