Brink's Company BCO Technical Pivots with Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for BCO
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short BCO slightly under 51.80, target n/a, stop loss @ 51.95 Details
  • The technical summary data is suggesting a short of BCO as it gets near 51.80, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 51.95. 51.80 is the first level of resistance above 51.51, and by rule, any test of resistance is a short signal. In this case, if resistance 51.80 is being tested, so a short signal would exist.

Swing Trading Plans for BCO
  • Buy BCO slightly slightly over 51.80, target 53.21, Stop Loss @ 51.65 Details
  • If 51.80 begins to break higher, the technical summary data tells us to buy BCO just slightly over 51.80, with an upside target of 53.21. The data also tells us to set a stop loss @ 51.65 in case the stock turns against the trade. 51.80 is the first level of resistance above 51.51, and by rule, any break above resistance is a buy signal. In this case, 51.80, 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 BCO slightly near 51.80, target 51.09, Stop Loss @ 51.95. Details
  • The technical summary data is suggesting a short of BCO if it tests 51.80 with a downside target of 51.09. We should have a stop loss in place at 51.95 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, 51.80, 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 BCO
  • Buy BCO slightly slightly over 51.80, target 52.41, Stop Loss @ 51.68 Details
  • If 51.80 begins to break higher, the technical summary data tells us to buy BCO just slightly over 51.80, with an upside target of 52.41. The data also tells us to set a stop loss @ 51.68 in case the stock turns against the trade. 51.80 is the first level of resistance above 51.51, and by rule, any break above resistance is a buy signal. In this case, 51.80, 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 BCO slightly near 51.80, target 51.09, Stop Loss @ 51.92. Details
  • The technical summary data is suggesting a short of BCO if it tests 51.80 with a downside target of 51.09. We should have a stop loss in place at 51.92 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, 51.80, 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.

BCO Ratings for September 23:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 51.80
P2 51.62 51.09 57.11
P3 52.41 53.21 62.21

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BCO Long Term Analysis for September 23 2022


BCO Swing Trading Analysis for September 23 2022


BCO Day Trading Analysis for September 23 2022

The technical pivots for Brink's Company (NYSE: BCO) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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