Astec Industries ASTE Trading Signals

Source: Stock Traders Daily

Longer Term Trading Plans for ASTE
  • Buy ASTE over 38.23 target 47.61 stop loss @ 38.12 Details
  • The technical summary data tells us to buy ASTE near 38.23 with an upside target of 47.61. This data also tells us to set a stop loss @ 38.12 to protect against excessive loss in case the stock begins to move against the trade. 38.23 is the first level of support below 41.28 , and by rule, any test of support is a buy signal. In this case, support 38.23 would be being tested, so a buy signal would exist.

  • Short ASTE under 47.61, target 38.23, stop loss @ 47.75 Details
  • The technical summary data is suggesting a short of ASTE as it gets near 47.61 with a downside target of 38.23. We should have a stop loss in place at 47.75though. 47.61 is the first level of resistance above 41.28, and by rule, any test of resistance is a short signal. In this case, if resistance 47.61 is being tested, so a short signal would exist.

Swing Trading Plans for ASTE
  • Buy ASTE over 41.50, target 44.98, Stop Loss @ 41.38 Details
  • If 41.50 begins to break higher, the technical summary data tells us to buy ASTE just over 41.50, with an upside target of 44.98. The data also tells us to set a stop loss @ 41.38 in case the stock turns against the trade. 41.50 is the first level of resistance above 41.28, and by rule, any break above resistance is a buy signal. In this case, 41.50, 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 ASTE near 41.50, target 38.23, Stop Loss @ 41.62. Details
  • The technical summary data is suggesting a short of ASTE if it tests 41.50 with a downside target of 38.23. We should have a stop loss in place at 41.62 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, 41.50, 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 ASTE
  • Buy ASTE over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy ASTE just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 41.28, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 ASTE near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of ASTE if it tests n/a with a downside target of n/a. We should have a stop loss in place at 0 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, n/a, 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.

ASTE Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Weak
P1 0 0 38.23
P2 40.33 41.50 47.61
P3 41.35 44.98 57.63

ASTE Long Term Analysis for June 24 2022


ASTE Swing Trading Analysis for June 24 2022

Trading Astec Industries (NASDAQ: ASTE) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

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

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