(MAGS) Investment Analysis and Advice

October 28, 2024, 20:34 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MAGS

• Buy MAGS near 48.43 target 51.3 stop loss @ 48.29 Details

The technical summary data tells us to buy MAGS near 48.43 with an upside target of 51.3. This data also tells us to set a stop loss @ 48.29 to protect against excessive loss in case the stock begins to move against the trade. 48.43 is the first level of support below 48.89 , and by rule, any test of support is a buy signal. In this case, support 48.43 is being tested, a buy signal would exist.

• Short MAGS slightly under 51.3, target 48.43, stop loss @ 51.45 Details

The technical summary data is suggesting a short of MAGS as it gets near 51.3 with a downside target of 48.43. We should have a stop loss in place at 51.45though. 51.3 is the first level of resistance above 48.89, and by rule, any test of resistance is a short signal. In this case, if resistance 51.3 is being tested, a short signal would exist.

Swing Trading Plans for MAGS

• Buy MAGS slightly over 49.19, target 51.3, Stop Loss @ 49.05 Details

If 49.19 begins to break higher, the technical summary data tells us to buy MAGS just slightly over 49.19, with an upside target of 51.3. The data also tells us to set a stop loss @ 49.05 in case the stock turns against the trade. 49.19 is the first level of resistance above 48.89, and by rule, any break above resistance is a buy signal. In this case, 49.19, 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 MAGS slightly near 49.19, target 48.43, Stop Loss @ 49.33. Details

The technical summary data is suggesting a short of MAGS if it tests 49.19 with a downside target of 48.43. We should have a stop loss in place at 49.33 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, 49.19, 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 MAGS

• Buy MAGS slightly over 49.19, target 49.82, Stop Loss @ 49.08 Details

If 49.19 begins to break higher, the technical summary data tells us to buy MAGS just slightly over 49.19, with an upside target of 49.82. The data also tells us to set a stop loss @ 49.08 in case the stock turns against the trade. 49.19 is the first level of resistance above 48.89, and by rule, any break above resistance is a buy signal. In this case, 49.19, 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 MAGS slightly near 49.19, target 48.82, Stop Loss @ 49.3. Details

The technical summary data is suggesting a short of MAGS if it tests 49.19 with a downside target of 48.82. We should have a stop loss in place at 49.3 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, 49.19, 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 Roundhill Big Tech Etf (MAGS) available here: MAGS.

MAGS Ratings for October 28:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	45.64
P2	48.82	48.15	48.43
P3	49.82	49.19	51.3

AI Generated Signals for MAGS

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Prudent Investment Analysis requires observations of the support and resistance levels for Roundhill Big Tech Etf (NASDAQ: MAGS) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MAGS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MAGS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MAGS too.  All of these are offered below the Summary Table.