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Allegheny Technologies ATI Investment Analysis and Advice

Prudent Investment Analysis requires observations of the support and resistance levels for Allegheny Technologies (NYSE: ATI) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ATI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ATI 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 ATI too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for ATI
  • Buy ATI slightly over 19.99 target 24.71 stop loss @ 19.93 Details
  • The technical summary data tells us to buy ATI near 19.99 with an upside target of 24.71. This data also tells us to set a stop loss @ 19.93 to protect against excessive loss in case the stock begins to move against the trade. 19.99 is the first level of support below 21.57 , and by rule, any test of support is a buy signal. In this case, support 19.99 would be being tested, so a buy signal would exist.

  • Short ATI under 24.71, target 19.99, stop loss @ 24.78 Details
  • The technical summary data is suggesting a short of ATI as it gets near 24.71 with a downside target of 19.99. We should have a stop loss in place at 24.78though. 24.71 is the first level of resistance above 21.57, and by rule, any test of resistance is a short signal. In this case, if resistance 24.71 is being tested, so a short signal would exist.

Swing Trading Plans for ATI
  • Buy ATI slightly over 21.71, target 24.71, Stop Loss @ 21.65 Details
  • If 21.71 begins to break higher, the technical summary data tells us to buy ATI just slightly over 21.71, with an upside target of 24.71. The data also tells us to set a stop loss @ 21.65 in case the stock turns against the trade. 21.71 is the first level of resistance above 21.57, and by rule, any break above resistance is a buy signal. In this case, 21.71, 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 ATI near 21.71, target 20.14, Stop Loss @ 21.77. Details
  • The technical summary data is suggesting a short of ATI if it tests 21.71 with a downside target of 20.14. We should have a stop loss in place at 21.77 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, 21.71, 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 ATI
  • Buy ATI slightly over 21.71, target 22.54, Stop Loss @ 21.66 Details
  • If 21.71 begins to break higher, the technical summary data tells us to buy ATI just slightly over 21.71, with an upside target of 22.54. The data also tells us to set a stop loss @ 21.66 in case the stock turns against the trade. 21.71 is the first level of resistance above 21.57, and by rule, any break above resistance is a buy signal. In this case, 21.71, 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 ATI near 21.71, target 20.14, Stop Loss @ 21.76. Details
  • The technical summary data is suggesting a short of ATI if it tests 21.71 with a downside target of 20.14. We should have a stop loss in place at 21.76 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, 21.71, 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.

ATI Ratings for June 24:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 19.99
P2 21.52 20.14 24.71
P3 22.54 21.71 29.69
Triggers may have already come
Support and Resistance Plot Chart for ATI

ATI Long Term Analysis for June 24 2022

Blue = Current Price
Red= Resistance
Green = Support

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