Trading (AOS) With Integrated Risk Controls
November 09, 2024, 13:38 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AOS
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short AOS slightly under 77.26, target n/a, stop loss @ 77.48 Details
The technical summary data is suggesting a short of AOS as it gets near 77.26, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 77.48. 77.26 is the first level of resistance above 74.86, and by rule, any test of resistance is a short signal. In this case, if resistance 77.26 is being tested, so a short signal would exist.
Swing Trading Plans for AOS
- Buy AOS slightly over 76.14, target 77.26, Stop Loss @ 75.92 Details
If 76.14 begins to break higher, the technical summary data tells us to buy AOS just slightly over 76.14, with an upside target of 77.26. The data also tells us to set a stop loss @ 75.92 in case the stock turns against the trade. 76.14 is the first level of resistance above 74.86, and by rule, any break above resistance is a buy signal. In this case, 76.14, 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 AOS slightly near 76.14, target 74.6, Stop Loss @ 76.36. Details
The technical summary data is suggesting a short of AOS if it tests 76.14 with a downside target of 74.6. We should have a stop loss in place at 76.36 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, 76.14, 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 AOS
- Buy AOS slightly over 75.76, target 76.14, Stop Loss @ 75.58 Details
If 75.76 begins to break higher, the technical summary data tells us to buy AOS just slightly over 75.76, with an upside target of 76.14. The data also tells us to set a stop loss @ 75.58 in case the stock turns against the trade. 75.76 is the first level of resistance above 74.86, and by rule, any break above resistance is a buy signal. In this case, 75.76, 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 AOS slightly near 75.76, target 74.6, Stop Loss @ 75.94. Details
The technical summary data is suggesting a short of AOS if it tests 75.76 with a downside target of 74.6. We should have a stop loss in place at 75.94 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, 75.76, 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 A.o. Smith Corporation (AOS) available here: AOS.
AOS Ratings for November 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
77.26 |
| P2 |
75.76 |
74.6 |
83.29 |
| P3 |
76.77 |
76.14 |
89.62 |
AI Generated Signals for AOS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AOS:
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