Trading Report for Big Lots BIG

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Weak Strong
P1 0 0 60.67
P2 68.04 65.94 68.03
P3 72.27 70.96 75.98

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 Big Lots (NYSE: BIG) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for BIG change over time, and 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 BIG 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.

This data is further refined to differentiate trading plans for Day Trading BIG, Swing Trading BIG, and Long Term Investing plans for BIG too.

Longer Term Trading Plans for BIG

June 11, 2021, 11:45 am ET

Our Longer Term Plans for BIG 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 BIG Report.

Long Support Plan (Long Term Trading)

Buy BIG over 68.03 target 75.98 stop loss @ 67.83

The technical summary data tells us to buy BIG near 68.03 with an upside target of 75.98. This data also tells us to set a stop loss @ 67.83 to protect against excessive loss in case the stock begins to move against the trade. 68.03 is the first level of support below 68.65 , and by rule, any test of support is a buy signal. In this case, support 68.03 is being tested, a buy signal would exist.

Short Resistance Plan (Long Term Trading)

Short BIG under 75.98, target 68.03, stop loss @ 76.2

The technical summary data is suggesting a short of BIG as it gets near 75.98 with a downside target of 68.03. We should have a stop loss in place at 76.2though. 75.98 is the first level of resistance above 68.65, and by rule, any test of resistance is a short signal. In this case, if resistance 75.98 is being tested, a short signal would exist.


BIG Long Term Analysis for June 11 2021

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for BIG

June 11, 2021, 11:45 am ET

Our Swing Trading Plans for BIG 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 BIG Report.

Long Support Plan (Swing Trading)

Buy BIG over 70.96, target 75.98, Stop Loss @ 70.76

If 70.96 begins to break higher, the technical summary data tells us to buy BIG just over 70.96, with an upside target of 75.98. The data also tells us to set a stop loss @ 70.76 in case the stock turns against the trade. 70.96 is the first level of resistance above 68.65, and by rule, any break above resistance is a buy signal. In this case, 70.96, 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 BIG near 70.96, target 68.03, Stop Loss @ 71.16.

The technical summary data is suggesting a short of BIG if it tests 70.96 with a downside target of 68.03. We should have a stop loss in place at 71.16 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, 70.96, 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.


BIG Swing Trading Analysis for June 11 2021

Day Trading Plans for BIG

June 11, 2021, 11:45 am ET

Our Day Trading Plans for BIG 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 BIG Report.

Long Support Plan (Day Trading)

Buy BIG over 70.96, target 72.27, Stop Loss @ 70.79

If 70.96 begins to break higher, the technical summary data tells us to buy BIG just over 70.96, with an upside target of 72.27. The data also tells us to set a stop loss @ 70.79 in case the stock turns against the trade. 70.96 is the first level of resistance above 68.65, and by rule, any break above resistance is a buy signal. In this case, 70.96, 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 BIG near 70.96, target 68.04, Stop Loss @ 71.13.

The technical summary data is suggesting a short of BIG if it tests 70.96 with a downside target of 68.04. We should have a stop loss in place at 71.13 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, 70.96, 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.


BIG Day Trading Analysis for June 11 2021