How the price action of Autonation (AN) is used to our Advantage

Longer Term Trading Plans for AN
  • Buy AN slightly over 103.69 target 115.46 stop loss @ 103.39 Details
  • The technical summary data tells us to buy AN near 103.69 with an upside target of 115.46. This data also tells us to set a stop loss @ 103.39 to protect against excessive loss in case the stock begins to move against the trade. 103.69 is the first level of support below 106.99 , and by rule, any test of support is a buy signal. In this case, support 103.69 would be being tested, so a buy signal would exist.

  • Short AN slightly under 115.46, target 103.69, stop loss @ 115.79 Details
  • The technical summary data is suggesting a short of AN as it gets near 115.46 with a downside target of 103.69. We should have a stop loss in place at 115.79though. 115.46 is the first level of resistance above 106.99, and by rule, any test of resistance is a short signal. In this case, if resistance 115.46 is being tested, so a short signal would exist.

Swing Trading Plans for AN
  • Buy AN slightly over 108.24, target 115.46, Stop Loss @ 107.93 Details
  • If 108.24 begins to break higher, the technical summary data tells us to buy AN just slightly over 108.24, with an upside target of 115.46. The data also tells us to set a stop loss @ 107.93 in case the stock turns against the trade. 108.24 is the first level of resistance above 106.99, and by rule, any break above resistance is a buy signal. In this case, 108.24, 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 AN slightly near 108.24, target 103.85, Stop Loss @ 108.55. Details
  • The technical summary data is suggesting a short of AN if it tests 108.24 with a downside target of 103.85. We should have a stop loss in place at 108.55 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, 108.24, 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 AN
  • Buy AN slightly over 108.24, target 115.46, Stop Loss @ 107.99 Details
  • If 108.24 begins to break higher, the technical summary data tells us to buy AN just slightly over 108.24, with an upside target of 115.46. The data also tells us to set a stop loss @ 107.99 in case the stock turns against the trade. 108.24 is the first level of resistance above 106.99, and by rule, any break above resistance is a buy signal. In this case, 108.24, 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 AN slightly near 108.24, target 105.86, Stop Loss @ 108.49. Details
  • The technical summary data is suggesting a short of AN if it tests 108.24 with a downside target of 105.86. We should have a stop loss in place at 108.49 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, 108.24, 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.

AN Ratings for September 22:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 103.69
P2 105.86 103.85 115.46
P3 108.15 108.24 127.05
Triggers may have already come
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Price Based + Macro = Get an Edge on the Competition
  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

Our Market Crash Leading Indicator is Evitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • Using the FOMCs Monetary Policy as a key variable in the quant.

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  • It identified the Credit Crisis before it happened.

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Chart of AN with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


AN Long Term Analysis for September 22 2022

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  Autonation (NYSE: AN) data table below can help you with price action, and we have more details too. Trading plans for AN 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.

Graph of Evitar Corte vs S&P 500

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