Trading (ATR) With Integrated Risk Controls
July 18, 2024, 16:20 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATR
- Buy ATR slightly over 141.17 target 147.23 stop loss @ 140.76 Details
The technical summary data tells us to buy ATR near 141.17 with an upside target of 147.23. This data also tells us to set a stop loss @ 140.76 to protect against excessive loss in case the stock begins to move against the trade. 141.17 is the first level of support below 146.28 , and by rule, any test of support is a buy signal. In this case, support 141.17 would be being tested, so a buy signal would exist.
- Short ATR slightly under 147.23, target 141.17, stop loss @ 147.66 Details
The technical summary data is suggesting a short of ATR as it gets near 147.23 with a downside target of 141.17. We should have a stop loss in place at 147.66though. 147.23 is the first level of resistance above 146.28, and by rule, any test of resistance is a short signal. In this case, if resistance 147.23 is being tested, so a short signal would exist.
Swing Trading Plans for ATR
- Buy ATR slightly over 146.69, target 147.23, Stop Loss @ 146.27 Details
If 146.69 begins to break higher, the technical summary data tells us to buy ATR just slightly over 146.69, with an upside target of 147.23. The data also tells us to set a stop loss @ 146.27 in case the stock turns against the trade. 146.69 is the first level of resistance above 146.28, and by rule, any break above resistance is a buy signal. In this case, 146.69, 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 ATR slightly near 146.69, target 144.39, Stop Loss @ 147.11. Details
The technical summary data is suggesting a short of ATR if it tests 146.69 with a downside target of 144.39. We should have a stop loss in place at 147.11 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, 146.69, 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 ATR
- Buy ATR slightly over 146.4, target 146.69, Stop Loss @ 146.06 Details
If 146.4 begins to break higher, the technical summary data tells us to buy ATR just slightly over 146.4, with an upside target of 146.69. The data also tells us to set a stop loss @ 146.06 in case the stock turns against the trade. 146.4 is the first level of resistance above 146.28, and by rule, any break above resistance is a buy signal. In this case, 146.4, 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 ATR slightly near 146.4, target 144.77, Stop Loss @ 146.74. Details
The technical summary data is suggesting a short of ATR if it tests 146.4 with a downside target of 144.77. We should have a stop loss in place at 146.74 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, 146.4, 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 Aptargroup Inc. (ATR) available here: ATR.
ATR Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
141.17 |
| P2 |
144.77 |
144.39 |
147.23 |
| P3 |
146.4 |
146.69 |
153.34 |
AI Generated Signals for ATR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ATR:
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