Avis Budget Group (CAR) Trading Report

Source: Stock Traders Daily

CAR Technical Summary | Raw Data for the Trading Plans Below:

Term →Near Mid Long
Bias Weak Strong Strong
P1 0 0 66.86
P2 77.57 82.59 78.96
P3 81.01 90.90 91.80

Longer Term Trading Plans for CAR

Our Longer Term Plans for CAR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this CAR Report.

Long Support Plan (Long Term Trading)

Buy CAR over 78.96 target 91.80 stop loss @ 78.73

The technical summary data tells us to buy CAR near 78.96 with an upside target of 91.80. This data also tells us to set a stop loss @ 78.73 to protect against excessive loss in case the stock begins to move against the trade. 78.96 is the first level of support below 82.36 , and by rule, any test of support is a buy signal. In this case, support 78.96 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short CAR under 91.80, target 78.96, stop loss @ 92.07

The technical summary data is suggesting a short of CAR as it gets near 91.80 with a downside target of 78.96. We should have a stop loss in place at 92.07though. 91.80 is the first level of resistance above 82.36, and by rule, any test of resistance is a short signal. In this case, if resistance 91.80 is being tested, a short signal would exist.


CAR Long Term Analysis for June 21 2021

Swing Trading Plans for CAR

Our Swing Trading Plans for CAR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this CAR Report.

Long Support Plan (Swing Trading)

Buy CAR over 82.59, target 90.90, Stop Loss @ 82.35

If 82.59 begins to break higher, the technical summary data tells us to buy CAR just over 82.59, with an upside target of 90.90. The data also tells us to set a stop loss @ 82.35 in case the stock turns against the trade. 82.59 is the first level of resistance above 82.36, and by rule, any break above resistance is a buy signal. In this case, 82.59, 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 Resistance Plan (Swing Trading)

Short CAR near 82.59, target 78.96, Stop Loss @ 82.83.

The technical summary data is suggesting a short of CAR if it tests 82.59 with a downside target of 78.96. We should have a stop loss in place at 82.83 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, 82.59, 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.


CAR Swing Trading Analysis for June 21 2021

Day Trading Plans for CAR

Our Day Trading Plans for CAR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this CAR Report.

Long Support Plan (Day Trading)

Buy CAR over 82.59, target 90.90, Stop Loss @ 82.4

If 82.59 begins to break higher, the technical summary data tells us to buy CAR just over 82.59, with an upside target of 90.90. The data also tells us to set a stop loss @ 82.4 in case the stock turns against the trade. 82.59 is the first level of resistance above 82.36, and by rule, any break above resistance is a buy signal. In this case, 82.59, 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 Resistance Plan (Day Trading)

Short CAR near 82.59, target 81.01, Stop Loss @ 82.78.

The technical summary data is suggesting a short of CAR if it tests 82.59 with a downside target of 81.01. We should have a stop loss in place at 82.78 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, 82.59, 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.


CAR Day Trading Analysis for June 21 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Avis Budget Group (NYSE: CAR) while incorporating 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 CAR 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 CAR 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 CAR too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

AD