How the price action of Autohome Inc. American Depositary Shares Each Representing Four Class A. ($ATHM) is used to our Advantage
November 22, 2023, 20:00 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATHM
- Buy ATHM slightly over 25.46 target 28.11 stop loss @ 25.39 Details
The technical summary data tells us to buy ATHM near 25.46 with an upside target of 28.11. This data also tells us to set a stop loss @ 25.39 to protect against excessive loss in case the stock begins to move against the trade. 25.46 is the first level of support below 27.17 , and by rule, any test of support is a buy signal. In this case, support 25.46 would be being tested, so a buy signal would exist.
- Short ATHM slightly under 28.11, target 25.46, stop loss @ 28.19 Details
The technical summary data is suggesting a short of ATHM as it gets near 28.11 with a downside target of 25.46. We should have a stop loss in place at 28.19though. 28.11 is the first level of resistance above 27.17, and by rule, any test of resistance is a short signal. In this case, if resistance 28.11 is being tested, so a short signal would exist.
Swing Trading Plans for ATHM
- Buy ATHM slightly over 28.11, target 30.77, Stop Loss @ 28.03 Details
If 28.11 begins to break higher, the technical summary data tells us to buy ATHM just slightly over 28.11, with an upside target of 30.77. The data also tells us to set a stop loss @ 28.03 in case the stock turns against the trade. 28.11 is the first level of resistance above 27.17, and by rule, any break above resistance is a buy signal. In this case, 28.11, 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 ATHM slightly near 28.11, target 27.09, Stop Loss @ 28.19. Details
The technical summary data is suggesting a short of ATHM if it tests 28.11 with a downside target of 27.09. We should have a stop loss in place at 28.19 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, 28.11, 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 ATHM
- Buy ATHM slightly over 27.6, target 28.11, Stop Loss @ 27.54 Details
If 27.6 begins to break higher, the technical summary data tells us to buy ATHM just slightly over 27.6, with an upside target of 28.11. The data also tells us to set a stop loss @ 27.54 in case the stock turns against the trade. 27.6 is the first level of resistance above 27.17, and by rule, any break above resistance is a buy signal. In this case, 27.6, 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 ATHM slightly near 27.6, target 27.09, Stop Loss @ 27.66. Details
The technical summary data is suggesting a short of ATHM if it tests 27.6 with a downside target of 27.09. We should have a stop loss in place at 27.66 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, 27.6, 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 Autohome Inc. American Depositary Shares Each Representing Four Class A. (ATHM) available here: ATHM.
ATHM Ratings for November 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
25.46 |
| P2 |
26.86 |
27.09 |
28.11 |
| P3 |
27.6 |
27.94 |
30.77 |
AI Generated Signals for ATHM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Autohome Inc. American Depositary Shares Each Representing Four Class A. (NASDAQ: ATHM) data table below can help you with price action, and we have more details too. Trading plans for ATHM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ATHM:
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