How To Trade Avis Budget Group CAR

January 17, 2023, 10:45 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CAR

• Buy CAR slightly over 174.86 target 230.98 stop loss @ 174.36 Details

The technical summary data tells us to buy CAR near 174.86 with an upside target of 230.98. This data also tells us to set a stop loss @ 174.36 to protect against excessive loss in case the stock begins to move against the trade. 174.86 is the first level of support below 193.46 , and by rule, any test of support is a buy signal. In this case, support 174.86 is being tested, a buy signal would exist.

• Short CAR slightly under 230.98, target 174.86, stop loss @ 231.65 Details

The technical summary data is suggesting a short of CAR as it gets near 230.98 with a downside target of 174.86. We should have a stop loss in place at 231.65though. 230.98 is the first level of resistance above 193.46, and by rule, any test of resistance is a short signal. In this case, if resistance 230.98 is being tested, a short signal would exist.

Swing Trading Plans for CAR

• Buy CAR slightly over 230.98, target n/a, Stop Loss @ 230.31 Details

If 230.98 begins to break higher, the technical summary data tells us to buy CAR just slightly over 230.98, with an upside target of n/a. The data also tells us to set a stop loss @ 230.31 in case the stock turns against the trade. 230.98 is the first level of resistance above 193.46, and by rule, any break above resistance is a buy signal. In this case, 230.98, 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 CAR slightly near 230.98, target 183.64, Stop Loss @ 231.65. Details

The technical summary data is suggesting a short of CAR if it tests 230.98 with a downside target of 183.64. We should have a stop loss in place at 231.65 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, 230.98, 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 CAR

• Buy CAR slightly over 230.98, target n/a, Stop Loss @ 230.44 Details

If 230.98 begins to break higher, the technical summary data tells us to buy CAR just slightly over 230.98, with an upside target of n/a. The data also tells us to set a stop loss @ 230.44 in case the stock turns against the trade. 230.98 is the first level of resistance above 193.46, and by rule, any break above resistance is a buy signal. In this case, 230.98, 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 CAR slightly near 230.98, target 187.28, Stop Loss @ 231.52. Details

The technical summary data is suggesting a short of CAR if it tests 230.98 with a downside target of 187.28. We should have a stop loss in place at 231.52 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, 230.98, 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 Avis Budget Group (CAR) available here: CAR.

CAR Ratings for January 17:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	126.67
P2	178.43	170.36	174.86
P3	187.28	183.64	230.98

AI Generated Signals for CAR

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This report provides trading strategies for Avis Budget Group (NYSE: CAR) while incorporating 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 CAR 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 CAR 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 CAR too.  All of these are offered below the Summary Table.