Learn to Evaluate (MG) using the Charts
October 01, 2024, 15:16 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MG
- Buy MG near 10.93 target 12.2 stop loss @ 10.9 Details
The technical summary data tells us to buy MG near 10.93 with an upside target of 12.2. This data also tells us to set a stop loss @ 10.9 to protect against excessive loss in case the stock begins to move against the trade. 10.93 is the first level of support below 11.29 , and by rule, any test of support is a buy signal. In this case, support 10.93 is being tested, a buy signal would exist.
- Short MG slightly under 12.2, target 10.93, stop loss @ 12.24 Details
The technical summary data is suggesting a short of MG as it gets near 12.2 with a downside target of 10.93. We should have a stop loss in place at 12.24though. 12.2 is the first level of resistance above 11.29, and by rule, any test of resistance is a short signal. In this case, if resistance 12.2 is being tested, a short signal would exist.
Swing Trading Plans for MG
- Buy MG slightly over 11.62, target 12.2, Stop Loss @ 11.59 Details
If 11.62 begins to break higher, the technical summary data tells us to buy MG just slightly over 11.62, with an upside target of 12.2. The data also tells us to set a stop loss @ 11.59 in case the stock turns against the trade. 11.62 is the first level of resistance above 11.29, and by rule, any break above resistance is a buy signal. In this case, 11.62, 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 MG slightly near 11.62, target 11.2, Stop Loss @ 11.65. Details
The technical summary data is suggesting a short of MG if it tests 11.62 with a downside target of 11.2. We should have a stop loss in place at 11.65 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, 11.62, 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 MG
- Buy MG slightly over 11.38, target 11.62, Stop Loss @ 11.35 Details
If 11.38 begins to break higher, the technical summary data tells us to buy MG just slightly over 11.38, with an upside target of 11.62. The data also tells us to set a stop loss @ 11.35 in case the stock turns against the trade. 11.38 is the first level of resistance above 11.29, and by rule, any break above resistance is a buy signal. In this case, 11.38, 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 MG slightly near 11.38, target 10.93, Stop Loss @ 11.41. Details
The technical summary data is suggesting a short of MG if it tests 11.38 with a downside target of 10.93. We should have a stop loss in place at 11.41 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, 11.38, 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 Mistras Group Inc (MG) available here: MG.
MG Ratings for October 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
9.73 |
| P2 |
11.15 |
11.2 |
10.93 |
| P3 |
11.38 |
11.62 |
12.2 |
AI Generated Signals for MG
Blue = Current Price
Red= Resistance
Green = Support
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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 Mistras Group Inc (NYSE: MG) report below can help you understand how to do this. The trading plans for MG, 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.
Fundamental Charts for MG:
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