Long Term Trading Analysis for (ASGN)

October 09, 2024, 06:20 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ASGN

• Buy ASGN near 87.99 target 95.69 stop loss @ 87.74 Details

The technical summary data tells us to buy ASGN near 87.99 with an upside target of 95.69. This data also tells us to set a stop loss @ 87.74 to protect against excessive loss in case the stock begins to move against the trade. 87.99 is the first level of support below 94.16 , and by rule, any test of support is a buy signal. In this case, support 87.99 would be being tested, so a buy signal would exist.

• Short ASGN slightly under 95.69, target 87.99, stop loss @ 95.97 Details

The technical summary data is suggesting a short of ASGN as it gets near 95.69 with a downside target of 87.99. We should have a stop loss in place at 95.97though. 95.69 is the first level of resistance above 94.16, and by rule, any test of resistance is a short signal. In this case, if resistance 95.69 is being tested, so a short signal would exist.

Swing Trading Plans for ASGN

• Buy ASGN slightly over 94.76, target 95.69, Stop Loss @ 94.49 Details

If 94.76 begins to break higher, the technical summary data tells us to buy ASGN just slightly over 94.76, with an upside target of 95.69. The data also tells us to set a stop loss @ 94.49 in case the stock turns against the trade. 94.76 is the first level of resistance above 94.16, and by rule, any break above resistance is a buy signal. In this case, 94.76, 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 ASGN slightly near 94.76, target 92.85, Stop Loss @ 95.03. Details

The technical summary data is suggesting a short of ASGN if it tests 94.76 with a downside target of 92.85. We should have a stop loss in place at 95.03 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, 94.76, 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 ASGN

• Buy ASGN slightly over 94.55, target 94.76, Stop Loss @ 94.33 Details

If 94.55 begins to break higher, the technical summary data tells us to buy ASGN just slightly over 94.55, with an upside target of 94.76. The data also tells us to set a stop loss @ 94.33 in case the stock turns against the trade. 94.55 is the first level of resistance above 94.16, and by rule, any break above resistance is a buy signal. In this case, 94.55, 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 ASGN slightly near 94.55, target 93.61, Stop Loss @ 94.77. Details

The technical summary data is suggesting a short of ASGN if it tests 94.55 with a downside target of 93.61. We should have a stop loss in place at 94.77 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, 94.55, 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 Asgn Incorporated (ASGN) available here: ASGN.

ASGN Ratings for October 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	87.99
P2	93.61	92.85	95.69
P3	94.55	94.76	103.43

AI Generated Signals for ASGN

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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 Asgn Incorporated (NASDAQ: ASGN) 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 ASGN 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 ASGN 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 ASGN too.  All of these are offered below the Summary Table.