When the Price of (SAH) Talks, People Listen
May 18, 2024, 16:36 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SAH
- Buy SAH slightly over 55.77 target 61.43 stop loss @ 55.61 Details
The technical summary data tells us to buy SAH near 55.77 with an upside target of 61.43. This data also tells us to set a stop loss @ 55.61 to protect against excessive loss in case the stock begins to move against the trade. 55.77 is the first level of support below 58.99 , and by rule, any test of support is a buy signal. In this case, support 55.77 is being tested, a buy signal would exist.
- Short SAH slightly under 61.43, target 55.77, stop loss @ 61.61 Details
The technical summary data is suggesting a short of SAH as it gets near 61.43 with a downside target of 55.77. We should have a stop loss in place at 61.61though. 61.43 is the first level of resistance above 58.99, and by rule, any test of resistance is a short signal. In this case, if resistance 61.43 is being tested, a short signal would exist.
Swing Trading Plans for SAH
- Buy SAH slightly over 60.24, target 61.43, Stop Loss @ 60.07 Details
If 60.24 begins to break higher, the technical summary data tells us to buy SAH just slightly over 60.24, with an upside target of 61.43. The data also tells us to set a stop loss @ 60.07 in case the stock turns against the trade. 60.24 is the first level of resistance above 58.99, and by rule, any break above resistance is a buy signal. In this case, 60.24, 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 SAH slightly near 60.24, target 58.65, Stop Loss @ 60.41. Details
The technical summary data is suggesting a short of SAH if it tests 60.24 with a downside target of 58.65. We should have a stop loss in place at 60.41 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, 60.24, 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 SAH
- Buy SAH slightly over 59.22, target 60.24, Stop Loss @ 59.08 Details
If 59.22 begins to break higher, the technical summary data tells us to buy SAH just slightly over 59.22, with an upside target of 60.24. The data also tells us to set a stop loss @ 59.08 in case the stock turns against the trade. 59.22 is the first level of resistance above 58.99, and by rule, any break above resistance is a buy signal. In this case, 59.22, 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 SAH slightly near 59.22, target 58.65, Stop Loss @ 59.36. Details
The technical summary data is suggesting a short of SAH if it tests 59.22 with a downside target of 58.65. We should have a stop loss in place at 59.36 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, 59.22, 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 Sonic Automotive Inc. (SAH) available here: SAH.
SAH Ratings for May 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
50.1 |
| P2 |
59.22 |
58.65 |
55.77 |
| P3 |
60.65 |
60.24 |
61.43 |
AI Generated Signals for SAH
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Sonic Automotive Inc. (NYSE: SAH) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for SAH can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SAH:
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