When the Price of (AL) Talks, People Listen
October 19, 2024, 21:28 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AL
- Buy AL near 43.09 target 47.96 stop loss @ 42.97 Details
The technical summary data tells us to buy AL near 43.09 with an upside target of 47.96. This data also tells us to set a stop loss @ 42.97 to protect against excessive loss in case the stock begins to move against the trade. 43.09 is the first level of support below 44.64 , and by rule, any test of support is a buy signal. In this case, support 43.09 would be being tested, so a buy signal would exist.
- Short AL slightly under 47.96, target 43.09, stop loss @ 48.1 Details
The technical summary data is suggesting a short of AL as it gets near 47.96 with a downside target of 43.09. We should have a stop loss in place at 48.1though. 47.96 is the first level of resistance above 44.64, and by rule, any test of resistance is a short signal. In this case, if resistance 47.96 is being tested, so a short signal would exist.
Swing Trading Plans for AL
- Buy AL slightly over 45.21, target 47.96, Stop Loss @ 45.08 Details
If 45.21 begins to break higher, the technical summary data tells us to buy AL just slightly over 45.21, with an upside target of 47.96. The data also tells us to set a stop loss @ 45.08 in case the stock turns against the trade. 45.21 is the first level of resistance above 44.64, and by rule, any break above resistance is a buy signal. In this case, 45.21, 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 AL slightly near 45.21, target 43.76, Stop Loss @ 45.34. Details
The technical summary data is suggesting a short of AL if it tests 45.21 with a downside target of 43.76. We should have a stop loss in place at 45.34 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, 45.21, 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 AL
- Buy AL slightly over 44.95, target 45.21, Stop Loss @ 44.85 Details
If 44.95 begins to break higher, the technical summary data tells us to buy AL just slightly over 44.95, with an upside target of 45.21. The data also tells us to set a stop loss @ 44.85 in case the stock turns against the trade. 44.95 is the first level of resistance above 44.64, and by rule, any break above resistance is a buy signal. In this case, 44.95, 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 AL slightly near 44.95, target 43.76, Stop Loss @ 45.05. Details
The technical summary data is suggesting a short of AL if it tests 44.95 with a downside target of 43.76. We should have a stop loss in place at 45.05 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, 44.95, 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 Air Lease Corporation Class A (AL) available here: AL.
AL Ratings for October 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
43.09 |
| P2 |
44.95 |
43.76 |
47.96 |
| P3 |
45.72 |
45.21 |
52.95 |
AI Generated Signals for AL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Air Lease Corporation Class A (NYSE: AL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for AL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AL:
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