Trading (ROAD) With Integrated Risk Controls
December 16, 2024, 21:06 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROAD
- Buy ROAD near 85.78 target 96.74 stop loss @ 85.53 Details
The technical summary data tells us to buy ROAD near 85.78 with an upside target of 96.74. This data also tells us to set a stop loss @ 85.53 to protect against excessive loss in case the stock begins to move against the trade. 85.78 is the first level of support below 95.31 , and by rule, any test of support is a buy signal. In this case, support 85.78 is being tested, a buy signal would exist.
- Short ROAD slightly under 96.74, target 85.78, stop loss @ 97.02 Details
The technical summary data is suggesting a short of ROAD as it gets near 96.74 with a downside target of 85.78. We should have a stop loss in place at 97.02though. 96.74 is the first level of resistance above 95.31, and by rule, any test of resistance is a short signal. In this case, if resistance 96.74 is being tested, a short signal would exist.
Swing Trading Plans for ROAD
- Buy ROAD slightly over 96.9, target n/a, Stop Loss @ 96.62 Details
If 96.9 begins to break higher, the technical summary data tells us to buy ROAD just slightly over 96.9, with an upside target of n/a. The data also tells us to set a stop loss @ 96.62 in case the stock turns against the trade. 96.9 is the first level of resistance above 95.31, and by rule, any break above resistance is a buy signal. In this case, 96.9, 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 ROAD slightly near 96.9, target 94.06, Stop Loss @ 97.18. Details
The technical summary data is suggesting a short of ROAD if it tests 96.9 with a downside target of 94.06. We should have a stop loss in place at 97.18 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, 96.9, 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 ROAD
- Buy ROAD slightly over 96.19, target 96.9, Stop Loss @ 95.97 Details
If 96.19 begins to break higher, the technical summary data tells us to buy ROAD just slightly over 96.19, with an upside target of 96.9. The data also tells us to set a stop loss @ 95.97 in case the stock turns against the trade. 96.19 is the first level of resistance above 95.31, and by rule, any break above resistance is a buy signal. In this case, 96.19, 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 ROAD slightly near 96.19, target 94.25, Stop Loss @ 96.41. Details
The technical summary data is suggesting a short of ROAD if it tests 96.19 with a downside target of 94.25. We should have a stop loss in place at 96.41 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, 96.19, 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 Construction Partners Inc. (ROAD) available here: ROAD.
ROAD Ratings for December 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
75.04 |
| P2 |
94.25 |
94.06 |
85.78 |
| P3 |
96.19 |
96.9 |
96.74 |
AI Generated Signals for ROAD
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ROAD:
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