(ACM) Investment Analysis and Advice

December 01, 2024, 19:16 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACM

• Buy ACM near 111.72 target n/a stop loss @ 111.4. Details

The technical summary data tells us to buy ACM near 111.72, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 111.4 to protect against excessive loss in case the stock begins to move against the trade. 111.72 is the first level of support below 116.97, and by rule, any test of support is a buy signal. In this case, if support 111.72 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for ACM

• Buy ACM slightly over 119.84, target n/a, Stop Loss @ 119.49 Details

If 119.84 begins to break higher, the technical summary data tells us to buy ACM just slightly over 119.84, with an upside target of n/a. The data also tells us to set a stop loss @ 119.49 in case the stock turns against the trade. 119.84 is the first level of resistance above 116.97, and by rule, any break above resistance is a buy signal. In this case, 119.84, 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 ACM slightly near 119.84, target 113.89, Stop Loss @ 120.19. Details

The technical summary data is suggesting a short of ACM if it tests 119.84 with a downside target of 113.89. We should have a stop loss in place at 120.19 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, 119.84, 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 ACM

• Buy ACM slightly over 118.64, target 119.84, Stop Loss @ 118.36 Details

If 118.64 begins to break higher, the technical summary data tells us to buy ACM just slightly over 118.64, with an upside target of 119.84. The data also tells us to set a stop loss @ 118.36 in case the stock turns against the trade. 118.64 is the first level of resistance above 116.97, and by rule, any break above resistance is a buy signal. In this case, 118.64, 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 ACM slightly near 118.64, target 116.48, Stop Loss @ 118.92. Details

The technical summary data is suggesting a short of ACM if it tests 118.64 with a downside target of 116.48. We should have a stop loss in place at 118.92 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, 118.64, 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 Aecom (ACM) available here: ACM.

ACM Ratings for December 01:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	94.88
P2	116.48	113.89	103.32
P3	118.64	119.84	111.72

AI Generated Signals for ACM

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Prudent Investment Analysis requires observations of the support and resistance levels for Aecom (NYSE: ACM) too.  These define prudent trading plans.

Warning:

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

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Instructions:

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