How the price action of American Financial Group ($AFG) is used to our Advantage
November 11, 2023, 07:45 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AFG
- Buy AFG slightly over 106.94 target 113.74 stop loss @ 106.63 Details
The technical summary data tells us to buy AFG near 106.94 with an upside target of 113.74. This data also tells us to set a stop loss @ 106.63 to protect against excessive loss in case the stock begins to move against the trade. 106.94 is the first level of support below 108.45 , and by rule, any test of support is a buy signal. In this case, support 106.94 is being tested, a buy signal would exist.
- Short AFG slightly under 113.74, target 106.94, stop loss @ 114.07 Details
The technical summary data is suggesting a short of AFG as it gets near 113.74 with a downside target of 106.94. We should have a stop loss in place at 114.07though. 113.74 is the first level of resistance above 108.45, and by rule, any test of resistance is a short signal. In this case, if resistance 113.74 is being tested, a short signal would exist.
Swing Trading Plans for AFG
- Buy AFG slightly over 110.93, target 113.74, Stop Loss @ 110.61 Details
If 110.93 begins to break higher, the technical summary data tells us to buy AFG just slightly over 110.93, with an upside target of 113.74. The data also tells us to set a stop loss @ 110.61 in case the stock turns against the trade. 110.93 is the first level of resistance above 108.45, and by rule, any break above resistance is a buy signal. In this case, 110.93, 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 AFG slightly near 110.93, target 107.42, Stop Loss @ 111.25. Details
The technical summary data is suggesting a short of AFG if it tests 110.93 with a downside target of 107.42. We should have a stop loss in place at 111.25 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, 110.93, 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 AFG
- Buy AFG slightly over 109.16, target 110.93, Stop Loss @ 108.91 Details
If 109.16 begins to break higher, the technical summary data tells us to buy AFG just slightly over 109.16, with an upside target of 110.93. The data also tells us to set a stop loss @ 108.91 in case the stock turns against the trade. 109.16 is the first level of resistance above 108.45, and by rule, any break above resistance is a buy signal. In this case, 109.16, 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 AFG slightly near 109.16, target 107.42, Stop Loss @ 109.41. Details
The technical summary data is suggesting a short of AFG if it tests 109.16 with a downside target of 107.42. We should have a stop loss in place at 109.41 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, 109.16, 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 American Financial Group (AFG) available here: AFG.
AFG Ratings for November 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
100.21 |
| P2 |
109.16 |
107.42 |
106.94 |
| P3 |
111.42 |
110.93 |
113.74 |
AI Generated Signals for AFG
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 American Financial Group (NYSE: AFG) data table below can help you with price action, and we have more details too. Trading plans for AFG 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 AFG:
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