Learn to Evaluate (MSGS) using the Charts

August 02, 2024, 07:58 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MSGS

• Buy MSGS slightly over 190.46 target 201.27 stop loss @ 189.91 Details

The technical summary data tells us to buy MSGS near 190.46 with an upside target of 201.27. This data also tells us to set a stop loss @ 189.91 to protect against excessive loss in case the stock begins to move against the trade. 190.46 is the first level of support below 200.24 , and by rule, any test of support is a buy signal. In this case, support 190.46 is being tested, a buy signal would exist.

• Short MSGS slightly under 201.27, target 190.46, stop loss @ 201.85 Details

The technical summary data is suggesting a short of MSGS as it gets near 201.27 with a downside target of 190.46. We should have a stop loss in place at 201.85though. 201.27 is the first level of resistance above 200.24, and by rule, any test of resistance is a short signal. In this case, if resistance 201.27 is being tested, a short signal would exist.

Swing Trading Plans for MSGS

• Buy MSGS slightly over 201.27, target 202, Stop Loss @ 200.69 Details

If 201.27 begins to break higher, the technical summary data tells us to buy MSGS just slightly over 201.27, with an upside target of 202. The data also tells us to set a stop loss @ 200.69 in case the stock turns against the trade. 201.27 is the first level of resistance above 200.24, and by rule, any break above resistance is a buy signal. In this case, 201.27, 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 MSGS slightly near 201.27, target 198.35, Stop Loss @ 201.85. Details

The technical summary data is suggesting a short of MSGS if it tests 201.27 with a downside target of 198.35. We should have a stop loss in place at 201.85 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, 201.27, 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 MSGS

• Buy MSGS slightly over 200.27, target 201.27, Stop Loss @ 199.8 Details

If 200.27 begins to break higher, the technical summary data tells us to buy MSGS just slightly over 200.27, with an upside target of 201.27. The data also tells us to set a stop loss @ 199.8 in case the stock turns against the trade. 200.27 is the first level of resistance above 200.24, and by rule, any break above resistance is a buy signal. In this case, 200.27, 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 MSGS slightly near 200.27, target 198.35, Stop Loss @ 200.74. Details

The technical summary data is suggesting a short of MSGS if it tests 200.27 with a downside target of 198.35. We should have a stop loss in place at 200.74 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, 200.27, 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  Madison Square Garden Sports Corp. Class A (new) (MSGS) available here: MSGS.

MSGS Ratings for August 02:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	180.99
P2	198.31	198.35	190.46
P3	200.27	202	201.27

AI Generated Signals for MSGS

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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  Madison Square Garden Sports Corp. Class A (new) (NASDAQ: MSGS) report below can help you understand how to do this. The trading plans for MSGS, 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.