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June 15, 2025, 17:38 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MDGL
The technical summary data tells us to buy MDGL near 274.08 with an upside target of 324.52. This data also tells us to set a stop loss @ 273.29 to protect against excessive loss in case the stock begins to move against the trade. 274.08 is the first level of support below 295.57 , and by rule, any test of support is a buy signal. In this case, support 274.08 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of MDGL as it gets near 324.52 with a downside target of 274.08. We should have a stop loss in place at 325.46though. 324.52 is the first level of resistance above 295.57, and by rule, any test of resistance is a short signal. In this case, if resistance 324.52 is being tested, so a short signal would exist.
Swing Trading Plans for MDGL
If 301.65 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 301.65, with an upside target of 324.52. The data also tells us to set a stop loss @ 300.78 in case the stock turns against the trade. 301.65 is the first level of resistance above 295.57, and by rule, any break above resistance is a buy signal. In this case, 301.65, 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.
The technical summary data is suggesting a short of MDGL if it tests 301.65 with a downside target of 288.66. We should have a stop loss in place at 302.52 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, 301.65, 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 MDGL
If 296.02 begins to break higher, the technical summary data tells us to buy MDGL just slightly over 296.02, with an upside target of 301.65. The data also tells us to set a stop loss @ 295.33 in case the stock turns against the trade. 296.02 is the first level of resistance above 295.57, and by rule, any break above resistance is a buy signal. In this case, 296.02, 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.
The technical summary data is suggesting a short of MDGL if it tests 296.02 with a downside target of 288.66. We should have a stop loss in place at 296.71 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, 296.02, 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.
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With an objective approach to Madrigal Pharmaceuticals Inc. (NASDAQ: MDGL), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MDGL change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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