How the (ASR) price action is used to our Advantage
January 16, 2024, 21:46 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASR
- Buy ASR slightly over 248.1 target 280.15 stop loss @ 247.38 Details
The technical summary data tells us to buy ASR near 248.1 with an upside target of 280.15. This data also tells us to set a stop loss @ 247.38 to protect against excessive loss in case the stock begins to move against the trade. 248.1 is the first level of support below 270.07 , and by rule, any test of support is a buy signal. In this case, support 248.1 is being tested, a buy signal would exist.
- Short ASR slightly under 280.15, target 248.1, stop loss @ 280.96 Details
The technical summary data is suggesting a short of ASR as it gets near 280.15 with a downside target of 248.1. We should have a stop loss in place at 280.96though. 280.15 is the first level of resistance above 270.07, and by rule, any test of resistance is a short signal. In this case, if resistance 280.15 is being tested, a short signal would exist.
Swing Trading Plans for ASR
- Buy ASR slightly over 272.05, target 280.15, Stop Loss @ 271.26 Details
If 272.05 begins to break higher, the technical summary data tells us to buy ASR just slightly over 272.05, with an upside target of 280.15. The data also tells us to set a stop loss @ 271.26 in case the stock turns against the trade. 272.05 is the first level of resistance above 270.07, and by rule, any break above resistance is a buy signal. In this case, 272.05, 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 ASR slightly near 272.05, target 248.1, Stop Loss @ 272.84. Details
The technical summary data is suggesting a short of ASR if it tests 272.05 with a downside target of 248.1. We should have a stop loss in place at 272.84 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, 272.05, 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 ASR
- Buy ASR slightly over 270.85, target 272.05, Stop Loss @ 270.22 Details
If 270.85 begins to break higher, the technical summary data tells us to buy ASR just slightly over 270.85, with an upside target of 272.05. The data also tells us to set a stop loss @ 270.22 in case the stock turns against the trade. 270.85 is the first level of resistance above 270.07, and by rule, any break above resistance is a buy signal. In this case, 270.85, 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 ASR slightly near 270.85, target 248.1, Stop Loss @ 271.48. Details
The technical summary data is suggesting a short of ASR if it tests 270.85 with a downside target of 248.1. We should have a stop loss in place at 271.48 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, 270.85, 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 Grupo Aeroportuario Del Sureste S.a. De C.v. (ASR) available here: ASR.
ASR Ratings for January 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
212.2 |
| P2 |
270.85 |
272.05 |
248.1 |
| P3 |
278.58 |
281.1 |
280.15 |
AI Generated Signals for ASR
Blue = Current Price
Red= Resistance
Green = Support
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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 Grupo Aeroportuario Del Sureste S.a. De C.v. (NYSE: ASR) data table below can help you with price action, and we have more details too. Trading plans for ASR 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.
Fundamental Charts for ASR:
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