(AWK) Pivots Trading Plans and Risk Controls

December 02, 2024, 03:38 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AWK

• Buy AWK near 131.6 target 141.08 stop loss @ 131.22 Details

The technical summary data tells us to buy AWK near 131.6 with an upside target of 141.08. This data also tells us to set a stop loss @ 131.22 to protect against excessive loss in case the stock begins to move against the trade. 131.6 is the first level of support below 136.94 , and by rule, any test of support is a buy signal. In this case, support 131.6 would be being tested, so a buy signal would exist.

• Short AWK slightly under 141.08, target 131.6, stop loss @ 141.49 Details

The technical summary data is suggesting a short of AWK as it gets near 141.08 with a downside target of 131.6. We should have a stop loss in place at 141.49though. 141.08 is the first level of resistance above 136.94, and by rule, any test of resistance is a short signal. In this case, if resistance 141.08 is being tested, so a short signal would exist.

Swing Trading Plans for AWK

• Buy AWK slightly over 137.32, target 141.08, Stop Loss @ 136.92 Details

If 137.32 begins to break higher, the technical summary data tells us to buy AWK just slightly over 137.32, with an upside target of 141.08. The data also tells us to set a stop loss @ 136.92 in case the stock turns against the trade. 137.32 is the first level of resistance above 136.94, and by rule, any break above resistance is a buy signal. In this case, 137.32, 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 AWK slightly near 137.32, target 131.6, Stop Loss @ 137.72. Details

The technical summary data is suggesting a short of AWK if it tests 137.32 with a downside target of 131.6. We should have a stop loss in place at 137.72 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, 137.32, 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 AWK

• Buy AWK slightly over 137.32, target 138.48, Stop Loss @ 137 Details

If 137.32 begins to break higher, the technical summary data tells us to buy AWK just slightly over 137.32, with an upside target of 138.48. The data also tells us to set a stop loss @ 137 in case the stock turns against the trade. 137.32 is the first level of resistance above 136.94, and by rule, any break above resistance is a buy signal. In this case, 137.32, 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 AWK slightly near 137.32, target 136.01, Stop Loss @ 137.64. Details

The technical summary data is suggesting a short of AWK if it tests 137.32 with a downside target of 136.01. We should have a stop loss in place at 137.64 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, 137.32, 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 American Water Works Company Inc. (AWK) available here: AWK.

AWK Ratings for December 02:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	131.6
P2	136.01	137.32	141.08
P3	138.48	141.02	150.55

AI Generated Signals for AWK

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This American Water Works Company Inc. (NYSE: AWK) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AWK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AWK 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 AWK too.  All of these are offered below the Summary Table.