Learn to Evaluate Advance Auto Parts ($AAP) using the Charts
September 24, 2023, 15:00 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AAP
- Buy AAP slightly over 43.79 target 59.53 stop loss @ 43.66 Details
The technical summary data tells us to buy AAP near 43.79 with an upside target of 59.53. This data also tells us to set a stop loss @ 43.66 to protect against excessive loss in case the stock begins to move against the trade. 43.79 is the first level of support below 57.6 , and by rule, any test of support is a buy signal. In this case, support 43.79 would be being tested, so a buy signal would exist.
- Short AAP slightly under 59.53, target 43.79, stop loss @ 59.7 Details
The technical summary data is suggesting a short of AAP as it gets near 59.53 with a downside target of 43.79. We should have a stop loss in place at 59.7though. 59.53 is the first level of resistance above 57.6, and by rule, any test of resistance is a short signal. In this case, if resistance 59.53 is being tested, so a short signal would exist.
Swing Trading Plans for AAP
- Buy AAP slightly over 59.09, target 59.53, Stop Loss @ 58.92 Details
If 59.09 begins to break higher, the technical summary data tells us to buy AAP just slightly over 59.09, with an upside target of 59.53. The data also tells us to set a stop loss @ 58.92 in case the stock turns against the trade. 59.09 is the first level of resistance above 57.6, and by rule, any break above resistance is a buy signal. In this case, 59.09, 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 AAP slightly near 59.09, target 54.90, Stop Loss @ 59.26. Details
The technical summary data is suggesting a short of AAP if it tests 59.09 with a downside target of 54.90. We should have a stop loss in place at 59.26 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, 59.09, 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 AAP
- Buy AAP slightly over 59.09, target 59.63, Stop Loss @ 58.95 Details
If 59.09 begins to break higher, the technical summary data tells us to buy AAP just slightly over 59.09, with an upside target of 59.63. The data also tells us to set a stop loss @ 58.95 in case the stock turns against the trade. 59.09 is the first level of resistance above 57.6, and by rule, any break above resistance is a buy signal. In this case, 59.09, 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 AAP slightly near 59.09, target 57.49, Stop Loss @ 59.23. Details
The technical summary data is suggesting a short of AAP if it tests 59.09 with a downside target of 57.49. We should have a stop loss in place at 59.23 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, 59.09, 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 Advance Auto Parts (AAP) available here: AAP.
AAP Ratings for September 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
43.79 |
| P2 |
57.49 |
54.90 |
59.53 |
| P3 |
59.63 |
59.09 |
75.66 |
AI Generated Signals for AAP
Blue = Current Price
Red= Resistance
Green = Support
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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 Advance Auto Parts (NYSE: AAP) report below can help you understand how to do this. The trading plans for AAP, 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.
Fundamental Charts for AAP:
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