Avis Budget Group CAR Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for CAR
  • Buy CAR over 169.70 target 239.04 stop loss @ 169.21 Details
  • The technical summary data tells us to buy CAR near 169.70 with an upside target of 239.04. This data also tells us to set a stop loss @ 169.21 to protect against excessive loss in case the stock begins to move against the trade. 169.70 is the first level of support below 184.11 , and by rule, any test of support is a buy signal. In this case, support 169.70 would be being tested, so a buy signal would exist.

  • Short CAR under 239.04, target 169.70, stop loss @ 239.73 Details
  • The technical summary data is suggesting a short of CAR as it gets near 239.04 with a downside target of 169.70. We should have a stop loss in place at 239.73though. 239.04 is the first level of resistance above 184.11, and by rule, any test of resistance is a short signal. In this case, if resistance 239.04 is being tested, so a short signal would exist.

Swing Trading Plans for CAR
  • Buy CAR over 186.63, target 239.04, Stop Loss @ 186.09 Details
  • If 186.63 begins to break higher, the technical summary data tells us to buy CAR just over 186.63, with an upside target of 239.04. The data also tells us to set a stop loss @ 186.09 in case the stock turns against the trade. 186.63 is the first level of resistance above 184.11, and by rule, any break above resistance is a buy signal. In this case, 186.63, 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 CAR near 186.63, target 169.70, Stop Loss @ 187.17. Details
  • The technical summary data is suggesting a short of CAR if it tests 186.63 with a downside target of 169.70. We should have a stop loss in place at 187.17 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, 186.63, 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 CAR
  • Buy CAR over 186.63, target 195.91, Stop Loss @ 186.19 Details
  • If 186.63 begins to break higher, the technical summary data tells us to buy CAR just over 186.63, with an upside target of 195.91. The data also tells us to set a stop loss @ 186.19 in case the stock turns against the trade. 186.63 is the first level of resistance above 184.11, and by rule, any break above resistance is a buy signal. In this case, 186.63, 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 CAR near 186.63, target 174.29, Stop Loss @ 187.07. Details
  • The technical summary data is suggesting a short of CAR if it tests 186.63 with a downside target of 174.29. We should have a stop loss in place at 187.07 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, 186.63, 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.

CAR Ratings for August 06:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 169.70
P2 174.29 166.62 239.04
P3 195.91 186.63 330.63

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CAR Long Term Analysis for August 6 2022


CAR Swing Trading Analysis for August 6 2022


CAR Day Trading Analysis for August 6 2022

Technically, Avis Budget Group (NYSE: CAR) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CAR 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 CAR 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.

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