How the (ASO) price action is used to our Advantage
October 20, 2024, 01:38 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASO
- Buy ASO near 47.36 target 56.39 stop loss @ 47.22 Details
The technical summary data tells us to buy ASO near 47.36 with an upside target of 56.39. This data also tells us to set a stop loss @ 47.22 to protect against excessive loss in case the stock begins to move against the trade. 47.36 is the first level of support below 56.09 , and by rule, any test of support is a buy signal. In this case, support 47.36 would be being tested, so a buy signal would exist.
- Short ASO slightly under 56.39, target 47.36, stop loss @ 56.55 Details
The technical summary data is suggesting a short of ASO as it gets near 56.39 with a downside target of 47.36. We should have a stop loss in place at 56.55though. 56.39 is the first level of resistance above 56.09, and by rule, any test of resistance is a short signal. In this case, if resistance 56.39 is being tested, so a short signal would exist.
Swing Trading Plans for ASO
- Buy ASO slightly over 56.39, target 65.59, Stop Loss @ 56.23 Details
If 56.39 begins to break higher, the technical summary data tells us to buy ASO just slightly over 56.39, with an upside target of 65.59. The data also tells us to set a stop loss @ 56.23 in case the stock turns against the trade. 56.39 is the first level of resistance above 56.09, and by rule, any break above resistance is a buy signal. In this case, 56.39, 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 ASO slightly near 56.39, target 55.47, Stop Loss @ 56.55. Details
The technical summary data is suggesting a short of ASO if it tests 56.39 with a downside target of 55.47. We should have a stop loss in place at 56.55 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, 56.39, 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 ASO
- Buy ASO slightly over 56.19, target 56.39, Stop Loss @ 56.06 Details
If 56.19 begins to break higher, the technical summary data tells us to buy ASO just slightly over 56.19, with an upside target of 56.39. The data also tells us to set a stop loss @ 56.06 in case the stock turns against the trade. 56.19 is the first level of resistance above 56.09, and by rule, any break above resistance is a buy signal. In this case, 56.19, 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 ASO slightly near 56.19, target 55.47, Stop Loss @ 56.32. Details
The technical summary data is suggesting a short of ASO if it tests 56.19 with a downside target of 55.47. We should have a stop loss in place at 56.32 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, 56.19, 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 Academy Sports And Outdoors Inc. (ASO) available here: ASO.
ASO Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
47.36 |
| P2 |
55.06 |
53.49 |
56.39 |
| P3 |
56.19 |
55.47 |
65.59 |
AI Generated Signals for ASO
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Academy Sports And Outdoors Inc. (NYSE: ASO) data table below can help you with price action, and we have more details too. Trading plans for ASO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ASO:
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