Allegheny Technologies ATI Investment Analysis and Advice

Source: Stock Traders Daily

Longer Term Trading Plans for ATI
  • Buy ATI over 22.00 target 27.03 stop loss @ 21.94 Details
  • The technical summary data tells us to buy ATI near 22.00 with an upside target of 27.03. This data also tells us to set a stop loss @ 21.94 to protect against excessive loss in case the stock begins to move against the trade. 22.00 is the first level of support below 25.73 , and by rule, any test of support is a buy signal. In this case, support 22.00 is being tested, a buy signal would exist.

  • Short ATI under 27.03, target 22.00, stop loss @ 27.11 Details
  • The technical summary data is suggesting a short of ATI as it gets near 27.03 with a downside target of 22.00. We should have a stop loss in place at 27.11though. 27.03 is the first level of resistance above 25.73, and by rule, any test of resistance is a short signal. In this case, if resistance 27.03 is being tested, a short signal would exist.

Swing Trading Plans for ATI
  • Buy ATI over 27.03, target n/a, Stop Loss @ 26.95 Details
  • If 27.03 begins to break higher, the technical summary data tells us to buy ATI just over 27.03, with an upside target of n/a. The data also tells us to set a stop loss @ 26.95 in case the stock turns against the trade. 27.03 is the first level of resistance above 25.73, and by rule, any break above resistance is a buy signal. In this case, 27.03, 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 ATI near 27.03, target 25.04, Stop Loss @ 27.11. Details
  • The technical summary data is suggesting a short of ATI if it tests 27.03 with a downside target of 25.04. We should have a stop loss in place at 27.11 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, 27.03, 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 ATI
  • Buy ATI over 26.32, target 27.03, Stop Loss @ 26.26 Details
  • If 26.32 begins to break higher, the technical summary data tells us to buy ATI just over 26.32, with an upside target of 27.03. The data also tells us to set a stop loss @ 26.26 in case the stock turns against the trade. 26.32 is the first level of resistance above 25.73, and by rule, any break above resistance is a buy signal. In this case, 26.32, 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 ATI near 26.32, target 25.45, Stop Loss @ 26.38. Details
  • The technical summary data is suggesting a short of ATI if it tests 26.32 with a downside target of 25.45. We should have a stop loss in place at 26.38 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, 26.32, 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.

ATI Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Neutral
P1 0 0 17.25
P2 25.45 25.04 22.00
P3 26.32 26.86 27.03

ATI Long Term Analysis for May 14 2022


ATI Swing Trading Analysis for May 14 2022


ATI Day Trading Analysis for May 14 2022

Prudent Investment Analysis requires observations of the support and resistance levels for Allegheny Technologies (NYSE: ATI) 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 ATI 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 ATI 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 ATI too.  All of these are offered below the Summary Table.

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