Learn to Evaluate (CACC) using the Charts

October 09, 2024, 18:28 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CACC

• Buy CACC near 436.82 target 501.91 stop loss @ 435.56 Details

The technical summary data tells us to buy CACC near 436.82 with an upside target of 501.91. This data also tells us to set a stop loss @ 435.56 to protect against excessive loss in case the stock begins to move against the trade. 436.82 is the first level of support below 451.43 , and by rule, any test of support is a buy signal. In this case, support 436.82 would be being tested, so a buy signal would exist.

• Short CACC slightly under 501.91, target 436.82, stop loss @ 503.36 Details

The technical summary data is suggesting a short of CACC as it gets near 501.91 with a downside target of 436.82. We should have a stop loss in place at 503.36though. 501.91 is the first level of resistance above 451.43, and by rule, any test of resistance is a short signal. In this case, if resistance 501.91 is being tested, so a short signal would exist.

Swing Trading Plans for CACC

• Buy CACC slightly over 501.91, target 567.54, Stop Loss @ 500.46 Details

If 501.91 begins to break higher, the technical summary data tells us to buy CACC just slightly over 501.91, with an upside target of 567.54. The data also tells us to set a stop loss @ 500.46 in case the stock turns against the trade. 501.91 is the first level of resistance above 451.43, and by rule, any break above resistance is a buy signal. In this case, 501.91, 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 CACC slightly near 501.91, target 447.75, Stop Loss @ 503.36. Details

The technical summary data is suggesting a short of CACC if it tests 501.91 with a downside target of 447.75. We should have a stop loss in place at 503.36 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, 501.91, 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 CACC

• Buy CACC slightly over 453, target 501.91, Stop Loss @ 451.94 Details

If 453 begins to break higher, the technical summary data tells us to buy CACC just slightly over 453, with an upside target of 501.91. The data also tells us to set a stop loss @ 451.94 in case the stock turns against the trade. 453 is the first level of resistance above 451.43, and by rule, any break above resistance is a buy signal. In this case, 453, 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 CACC slightly near 453, target 447.75, Stop Loss @ 454.06. Details

The technical summary data is suggesting a short of CACC if it tests 453 with a downside target of 447.75. We should have a stop loss in place at 454.06 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, 453, 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  Credit Acceptance Corporation (CACC) available here: CACC.

CACC Ratings for October 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	436.82
P2	446.69	434.37	501.91
P3	453	447.75	567.54

AI Generated Signals for CACC

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Credit Acceptance Corporation (NASDAQ: CACC) report below can help you understand how to do this. The trading plans for CACC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.