tradethepoolpool ads

Advance Auto Parts AAP Trading Advice

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Advance Auto Parts (NYSE: AAP) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AAP 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 AAP 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 AAP too.  All of these are offered below the Summary Table.

Technical Summary

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 178.05
P2 191.95 195.10 191.38
P3 194.41 201.13 203.92
Triggers may have already come
Support and Resistance Plot Chart for AAP

Longer Term Trading Plans for AAP

June 20, 2021, 11:30 am ET

Our Longer Term Plans for AAP help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this AAP Report.

Long Support Plan (Long Term Trading)

Buy AAP over 191.38 target 203.92 stop loss @ 190.83

The technical summary data tells us to buy AAP near 191.38 with an upside target of 203.92. This data also tells us to set a stop loss @ 190.83 to protect against excessive loss in case the stock begins to move against the trade. 191.38 is the first level of support below 193.33 , and by rule, any test of support is a buy signal. In this case, support 191.38 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short AAP under 203.92, target 191.38, stop loss @ 204.51

The technical summary data is suggesting a short of AAP as it gets near 203.92 with a downside target of 191.38. We should have a stop loss in place at 204.51though. 203.92 is the first level of resistance above 193.33, and by rule, any test of resistance is a short signal. In this case, if resistance 203.92 is being tested, a short signal would exist.


AAP Long Term Analysis for June 20 2021

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change: Take a Trial