When the Price of (MDGL) Talks, People Listen
May 12, 2024, 13:56 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDGL
- Buy MDGL slightly over 162.24 target 217.93 stop loss @ 161.77 Details
The technical summary data tells us to buy MDGL near 162.24 with an upside target of 217.93. This data also tells us to set a stop loss @ 161.77 to protect against excessive loss in case the stock begins to move against the trade. 162.24 is the first level of support below 205.25 , and by rule, any test of support is a buy signal. In this case, support 162.24 would be being tested, so a buy signal would exist.
- Short MDGL slightly under 217.93, target 162.24, stop loss @ 218.56 Details
The technical summary data is suggesting a short of MDGL as it gets near 217.93 with a downside target of 162.24. We should have a stop loss in place at 218.56though. 217.93 is the first level of resistance above 205.25, and by rule, any test of resistance is a short signal. In this case, if resistance 217.93 is being tested, so a short signal would exist.
Swing Trading Plans for MDGL
- Buy MDGL slightly over 206.71, target 217.93, Stop Loss @ 206.11 Details
If 206.71 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 206.71, with an upside target of 217.93. The data also tells us to set a stop loss @ 206.11 in case the stock turns against the trade. 206.71 is the first level of resistance above 205.25, and by rule, any break above resistance is a buy signal. In this case, 206.71, 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 MDGL slightly near 206.71, target 162.24, Stop Loss @ 207.31. Details
The technical summary data is suggesting a short of MDGL if it tests 206.71 with a downside target of 162.24. We should have a stop loss in place at 207.31 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, 206.71, 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.
Day Trading Plans for MDGL
- Buy MDGL slightly over 206.71, target 217.93, Stop Loss @ 206.23 Details
If 206.71 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 206.71, with an upside target of 217.93. The data also tells us to set a stop loss @ 206.23 in case the stock turns against the trade. 206.71 is the first level of resistance above 205.25, and by rule, any break above resistance is a buy signal. In this case, 206.71, 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 MDGL slightly near 206.71, target 202.81, Stop Loss @ 207.19. Details
The technical summary data is suggesting a short of MDGL if it tests 206.71 with a downside target of 202.81. We should have a stop loss in place at 207.19 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, 206.71, 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 Madrigal Pharmaceuticals Inc. (MDGL) available here: MDGL.
MDGL Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
162.24 |
| P2 |
191.27 |
206.71 |
217.93 |
| P3 |
202.81 |
232.2 |
277.41 |
AI Generated Signals for MDGL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Madrigal Pharmaceuticals Inc. (NASDAQ: MDGL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MDGL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MDGL:
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