Advance Auto Parts $AAP Technical Update
The Advance Auto Parts (NYSE: AAP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for AAP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Strong | Neutral | Neutral |
P1 | 158.15 | 142.95 | 155.77 |
P2 | 163.17 | 160.58 | 178.29 |
P3 | 166.99 | 178.46 | 200.32 |
Support and Resistance Plot Chart for AAP
Long Term Trading Plans for AAP
January 18, 2019, 10:45 pm ET
The Technical Summary and Trading Plans for AAP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AAP Report.
AAP - (Long) Support Plan
The technical summary data tells us to buy AAP near 155.77 with an upside target of 178.29. This data also tells us to set a stop loss @ 155.51 to protect against excessive loss in case the stock begins to move against the trade. 155.77 is the first level of support below 167.61 , and by rule, any test of support is a buy signal. In this case, support 155.77 would be being tested, so a buy signal would exist.
AAP - (Short) Resistance Plan
The technical summary data is suggesting a short of AAP as it gets near 178.29 with a downside target of 155.77. We should have a stop loss in place at 178.55 though. 178.29 is the first level of resistance above 167.61, and by rule, any test of resistance is a short signal. In this case, if resistance 178.29 is being tested, so a short signal would exist.