Learn to Evaluate (ASO) using the Charts

November 21, 2024, 10:08 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ASO

• Buy ASO near 44.67 target 51.74 stop loss @ 44.54 Details

The technical summary data tells us to buy ASO near 44.67 with an upside target of 51.74. This data also tells us to set a stop loss @ 44.54 to protect against excessive loss in case the stock begins to move against the trade. 44.67 is the first level of support below 45.015 , and by rule, any test of support is a buy signal. In this case, support 44.67 would be being tested, so a buy signal would exist.

• Short ASO slightly under 51.74, target 44.67, stop loss @ 51.89 Details

The technical summary data is suggesting a short of ASO as it gets near 51.74 with a downside target of 44.67. We should have a stop loss in place at 51.89though. 51.74 is the first level of resistance above 45.015, and by rule, any test of resistance is a short signal. In this case, if resistance 51.74 is being tested, so a short signal would exist.

Swing Trading Plans for ASO

• Buy ASO slightly over 46.63, target 51.74, Stop Loss @ 46.5 Details

If 46.63 begins to break higher, the technical summary data tells us to buy ASO just slightly over 46.63, with an upside target of 51.74. The data also tells us to set a stop loss @ 46.5 in case the stock turns against the trade. 46.63 is the first level of resistance above 45.015, and by rule, any break above resistance is a buy signal. In this case, 46.63, 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 ASO slightly near 46.63, target 44.72, Stop Loss @ 46.76. Details

The technical summary data is suggesting a short of ASO if it tests 46.63 with a downside target of 44.72. We should have a stop loss in place at 46.76 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, 46.63, 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 ASO

• Buy ASO slightly over 45.04, target 46.63, Stop Loss @ 44.93 Details

If 45.04 begins to break higher, the technical summary data tells us to buy ASO just slightly over 45.04, with an upside target of 46.63. The data also tells us to set a stop loss @ 44.93 in case the stock turns against the trade. 45.04 is the first level of resistance above 45.015, and by rule, any break above resistance is a buy signal. In this case, 45.04, 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 ASO slightly near 45.04, target 44.72, Stop Loss @ 45.15. Details

The technical summary data is suggesting a short of ASO if it tests 45.04 with a downside target of 44.72. We should have a stop loss in place at 45.15 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, 45.04, 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  Academy Sports And Outdoors Inc. (ASO) available here: ASO.

ASO Ratings for November 21:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	44.67
P2	43.92	44.72	51.74
P3	45.04	46.63	58.93

AI Generated Signals for ASO

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Academy Sports And Outdoors Inc. (NYSE: ASO) report below can help you understand how to do this. The trading plans for ASO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.