Learn to Evaluate (MGRC) using the Charts
March 14, 2024, 03:28 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MGRC
- Buy MGRC slightly over 119.98 target 127.34 stop loss @ 119.63 Details
The technical summary data tells us to buy MGRC near 119.98 with an upside target of 127.34. This data also tells us to set a stop loss @ 119.63 to protect against excessive loss in case the stock begins to move against the trade. 119.98 is the first level of support below 120.21 , and by rule, any test of support is a buy signal. In this case, support 119.98 is being tested, a buy signal would exist.
- Short MGRC slightly under 127.34, target 119.98, stop loss @ 127.71 Details
The technical summary data is suggesting a short of MGRC as it gets near 127.34 with a downside target of 119.98. We should have a stop loss in place at 127.71though. 127.34 is the first level of resistance above 120.21, and by rule, any test of resistance is a short signal. In this case, if resistance 127.34 is being tested, a short signal would exist.
Swing Trading Plans for MGRC
- Buy MGRC slightly over 121.53, target 127.34, Stop Loss @ 121.18 Details
If 121.53 begins to break higher, the technical summary data tells us to buy MGRC just slightly over 121.53, with an upside target of 127.34. The data also tells us to set a stop loss @ 121.18 in case the stock turns against the trade. 121.53 is the first level of resistance above 120.21, and by rule, any break above resistance is a buy signal. In this case, 121.53, 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 MGRC slightly near 121.53, target 119.98, Stop Loss @ 121.88. Details
The technical summary data is suggesting a short of MGRC if it tests 121.53 with a downside target of 119.98. We should have a stop loss in place at 121.88 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, 121.53, 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 MGRC
- Buy MGRC slightly over 120.84, target 121.53, Stop Loss @ 120.56 Details
If 120.84 begins to break higher, the technical summary data tells us to buy MGRC just slightly over 120.84, with an upside target of 121.53. The data also tells us to set a stop loss @ 120.56 in case the stock turns against the trade. 120.84 is the first level of resistance above 120.21, and by rule, any break above resistance is a buy signal. In this case, 120.84, 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 MGRC slightly near 120.84, target 119.98, Stop Loss @ 121.12. Details
The technical summary data is suggesting a short of MGRC if it tests 120.84 with a downside target of 119.98. We should have a stop loss in place at 121.12 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, 120.84, 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 Mcgrath Rentcorp (MGRC) available here: MGRC.
MGRC Ratings for March 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
112.47 |
| P2 |
119.47 |
119.83 |
119.98 |
| P3 |
120.84 |
121.53 |
127.34 |
AI Generated Signals for MGRC
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 Mcgrath Rentcorp (NASDAQ: MGRC) report below can help you understand how to do this. The trading plans for MGRC, 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 MGRC:
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