Trading (ALTL) With Integrated Risk Controls
June 09, 2024, 18:14 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ALTL
- Buy ALTL slightly over 33.2 target 34.96 stop loss @ 33.1 Details
The technical summary data tells us to buy ALTL near 33.2 with an upside target of 34.96. This data also tells us to set a stop loss @ 33.1 to protect against excessive loss in case the stock begins to move against the trade. 33.2 is the first level of support below 34.8648 , and by rule, any test of support is a buy signal. In this case, support 33.2 is being tested, a buy signal would exist.
- Short ALTL slightly under 34.96, target 33.2, stop loss @ 35.06 Details
The technical summary data is suggesting a short of ALTL as it gets near 34.96 with a downside target of 33.2. We should have a stop loss in place at 35.06though. 34.96 is the first level of resistance above 34.8648, and by rule, any test of resistance is a short signal. In this case, if resistance 34.96 is being tested, a short signal would exist.
Swing Trading Plans for ALTL
- Buy ALTL slightly over 35.08, target n/a, Stop Loss @ 34.98 Details
If 35.08 begins to break higher, the technical summary data tells us to buy ALTL just slightly over 35.08, with an upside target of n/a. The data also tells us to set a stop loss @ 34.98 in case the stock turns against the trade. 35.08 is the first level of resistance above 34.8648, and by rule, any break above resistance is a buy signal. In this case, 35.08, 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 ALTL slightly near 35.08, target 34.43, Stop Loss @ 35.18. Details
The technical summary data is suggesting a short of ALTL if it tests 35.08 with a downside target of 34.43. We should have a stop loss in place at 35.18 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, 35.08, 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 ALTL
- Buy ALTL slightly over 35.08, target n/a, Stop Loss @ 35 Details
If 35.08 begins to break higher, the technical summary data tells us to buy ALTL just slightly over 35.08, with an upside target of n/a. The data also tells us to set a stop loss @ 35 in case the stock turns against the trade. 35.08 is the first level of resistance above 34.8648, and by rule, any break above resistance is a buy signal. In this case, 35.08, 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 ALTL slightly near 35.08, target 34.43, Stop Loss @ 35.16. Details
The technical summary data is suggesting a short of ALTL if it tests 35.08 with a downside target of 34.43. We should have a stop loss in place at 35.16 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, 35.08, 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 Pacer Lunt Large Cap Alternator Etf (ALTL) available here: ALTL.
ALTL Ratings for June 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
31.49 |
| P2 |
35.05 |
34.43 |
33.2 |
| P3 |
0 |
35.08 |
34.96 |
AI Generated Signals for ALTL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ALTL:
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