(ANET) Pivots Trading Plans and Risk Controls

October 30, 2024, 19:50 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ANET

• Buy ANET near 387.06 target 418.63 stop loss @ 385.94 Details

The technical summary data tells us to buy ANET near 387.06 with an upside target of 418.63. This data also tells us to set a stop loss @ 385.94 to protect against excessive loss in case the stock begins to move against the trade. 387.06 is the first level of support below 393.8 , and by rule, any test of support is a buy signal. In this case, support 387.06 is being tested, a buy signal would exist.

• Short ANET slightly under 418.63, target 387.06, stop loss @ 419.84 Details

The technical summary data is suggesting a short of ANET as it gets near 418.63 with a downside target of 387.06. We should have a stop loss in place at 419.84though. 418.63 is the first level of resistance above 393.8, and by rule, any test of resistance is a short signal. In this case, if resistance 418.63 is being tested, a short signal would exist.

Swing Trading Plans for ANET

• Buy ANET slightly over 403, target 418.63, Stop Loss @ 401.84 Details

If 403 begins to break higher, the technical summary data tells us to buy ANET just slightly over 403, with an upside target of 418.63. The data also tells us to set a stop loss @ 401.84 in case the stock turns against the trade. 403 is the first level of resistance above 393.8, and by rule, any break above resistance is a buy signal. In this case, 403, 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 ANET slightly near 403, target 389.75, Stop Loss @ 404.16. Details

The technical summary data is suggesting a short of ANET if it tests 403 with a downside target of 389.75. We should have a stop loss in place at 404.16 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, 403, 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 ANET

• Buy ANET slightly over 396.26, target 401.92, Stop Loss @ 395.34 Details

If 396.26 begins to break higher, the technical summary data tells us to buy ANET just slightly over 396.26, with an upside target of 401.92. The data also tells us to set a stop loss @ 395.34 in case the stock turns against the trade. 396.26 is the first level of resistance above 393.8, and by rule, any break above resistance is a buy signal. In this case, 396.26, 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 ANET slightly near 396.26, target 389.75, Stop Loss @ 397.18. Details

The technical summary data is suggesting a short of ANET if it tests 396.26 with a downside target of 389.75. We should have a stop loss in place at 397.18 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, 396.26, 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 Arista Networks Inc. (ANET) available here: ANET.

ANET Ratings for October 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	352.82
P2	396.26	389.75	387.06
P3	401.92	403	418.63

AI Generated Signals for ANET

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This Arista Networks Inc. (NASDAQ: ANET) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ANET 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 ANET 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 ANET too.  All of these are offered below the Summary Table.