Amerisourcebergen ABC Investment Analysis and Advice

Source: Stock Traders Daily

Longer Term Trading Plans for ABC
  • Buy ABC over 142.99 target 153.27 stop loss @ 142.58 Details
  • The technical summary data tells us to buy ABC near 142.99 with an upside target of 153.27. This data also tells us to set a stop loss @ 142.58 to protect against excessive loss in case the stock begins to move against the trade. 142.99 is the first level of support below 144.45 , and by rule, any test of support is a buy signal. In this case, support 142.99 would be being tested, so a buy signal would exist.

  • Short ABC under 153.27, target 142.99, stop loss @ 153.71 Details
  • The technical summary data is suggesting a short of ABC as it gets near 153.27 with a downside target of 142.99. We should have a stop loss in place at 153.71though. 153.27 is the first level of resistance above 144.45, and by rule, any test of resistance is a short signal. In this case, if resistance 153.27 is being tested, so a short signal would exist.

Swing Trading Plans for ABC
  • Buy ABC over 153.27, target 164.13, Stop Loss @ 152.83 Details
  • If 153.27 begins to break higher, the technical summary data tells us to buy ABC just over 153.27, with an upside target of 164.13. The data also tells us to set a stop loss @ 152.83 in case the stock turns against the trade. 153.27 is the first level of resistance above 144.45, and by rule, any break above resistance is a buy signal. In this case, 153.27, 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 ABC near 153.27, target 142.99, Stop Loss @ 153.71. Details
  • The technical summary data is suggesting a short of ABC if it tests 153.27 with a downside target of 142.99. We should have a stop loss in place at 153.71 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, 153.27, 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 ABC
  • Buy ABC over 145.48, target 153.27, Stop Loss @ 145.14 Details
  • If 145.48 begins to break higher, the technical summary data tells us to buy ABC just over 145.48, with an upside target of 153.27. The data also tells us to set a stop loss @ 145.14 in case the stock turns against the trade. 145.48 is the first level of resistance above 144.45, and by rule, any break above resistance is a buy signal. In this case, 145.48, 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 ABC near 145.48, target 142.99, Stop Loss @ 145.82. Details
  • The technical summary data is suggesting a short of ABC if it tests 145.48 with a downside target of 142.99. We should have a stop loss in place at 145.82 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, 145.48, 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.

ABC Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 142.99
P2 142.80 137.16 153.27
P3 145.48 142.94 164.13

ABC Long Term Analysis for June 23 2022


ABC Swing Trading Analysis for June 23 2022


ABC Day Trading Analysis for June 23 2022

Prudent Investment Analysis requires observations of the support and resistance levels for Amerisourcebergen (NYSE: ABC) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ABC 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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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ABC 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 ABC too.  All of these are offered below the Summary Table.

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