When the Price of (MGC) Talks, People Listen

April 23, 2024, 02:32 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MGC

• Buy MGC slightly over 174.23 target 181.52 stop loss @ 173.73 Details

The technical summary data tells us to buy MGC near 174.23 with an upside target of 181.52. This data also tells us to set a stop loss @ 173.73 to protect against excessive loss in case the stock begins to move against the trade. 174.23 is the first level of support below 178.79 , and by rule, any test of support is a buy signal. In this case, support 174.23 would be being tested, so a buy signal would exist.

• Short MGC slightly under 181.52, target 174.23, stop loss @ 182.04 Details

The technical summary data is suggesting a short of MGC as it gets near 181.52 with a downside target of 174.23. We should have a stop loss in place at 182.04though. 181.52 is the first level of resistance above 178.79, and by rule, any test of resistance is a short signal. In this case, if resistance 181.52 is being tested, so a short signal would exist.

Swing Trading Plans for MGC

• Buy MGC slightly over 178.99, target 181.52, Stop Loss @ 178.47 Details

If 178.99 begins to break higher, the technical summary data tells us to buy MGC just slightly over 178.99, with an upside target of 181.52. The data also tells us to set a stop loss @ 178.47 in case the stock turns against the trade. 178.99 is the first level of resistance above 178.79, and by rule, any break above resistance is a buy signal. In this case, 178.99, 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 MGC slightly near 178.99, target 176.66, Stop Loss @ 179.51. Details

The technical summary data is suggesting a short of MGC if it tests 178.99 with a downside target of 176.66. We should have a stop loss in place at 179.51 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, 178.99, 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 MGC

• Buy MGC slightly over 178.99, target 181.52, Stop Loss @ 178.57 Details

If 178.99 begins to break higher, the technical summary data tells us to buy MGC just slightly over 178.99, with an upside target of 181.52. The data also tells us to set a stop loss @ 178.57 in case the stock turns against the trade. 178.99 is the first level of resistance above 178.79, and by rule, any break above resistance is a buy signal. In this case, 178.99, 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 MGC slightly near 178.99, target 178.34, Stop Loss @ 179.41. Details

The technical summary data is suggesting a short of MGC if it tests 178.99 with a downside target of 178.34. We should have a stop loss in place at 179.41 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, 178.99, 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 Vanguard Mega Cap 300 Index Etf (MGC) available here: MGC.

MGC Ratings for April 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	174.23
P2	176.82	176.66	181.52
P3	178.34	178.99	188.54

AI Generated Signals for MGC

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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 Vanguard Mega Cap 300 Index Etf (NYSE: MGC) 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 MGC 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.