(BCO) Investment Analysis

March 19, 2024, 12:58 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BCO

• Buy BCO slightly over 84.78 target 90.05 stop loss @ 84.54 Details

The technical summary data tells us to buy BCO near 84.78 with an upside target of 90.05. This data also tells us to set a stop loss @ 84.54 to protect against excessive loss in case the stock begins to move against the trade. 84.78 is the first level of support below 86.27 , and by rule, any test of support is a buy signal. In this case, support 84.78 is being tested, a buy signal would exist.

• Short BCO slightly under 90.05, target 84.78, stop loss @ 90.31 Details

The technical summary data is suggesting a short of BCO as it gets near 90.05 with a downside target of 84.78. We should have a stop loss in place at 90.31though. 90.05 is the first level of resistance above 86.27, and by rule, any test of resistance is a short signal. In this case, if resistance 90.05 is being tested, a short signal would exist.

Swing Trading Plans for BCO

• Buy BCO slightly over 90.05, target n/a, Stop Loss @ 89.79 Details

If 90.05 begins to break higher, the technical summary data tells us to buy BCO just slightly over 90.05, with an upside target of n/a. The data also tells us to set a stop loss @ 89.79 in case the stock turns against the trade. 90.05 is the first level of resistance above 86.27, and by rule, any break above resistance is a buy signal. In this case, 90.05, 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 BCO slightly near 90.05, target 85.88, Stop Loss @ 90.31. Details

The technical summary data is suggesting a short of BCO if it tests 90.05 with a downside target of 85.88. We should have a stop loss in place at 90.31 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, 90.05, 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 BCO

• Buy BCO slightly over 90.05, target n/a, Stop Loss @ 89.84 Details

If 90.05 begins to break higher, the technical summary data tells us to buy BCO just slightly over 90.05, with an upside target of n/a. The data also tells us to set a stop loss @ 89.84 in case the stock turns against the trade. 90.05 is the first level of resistance above 86.27, and by rule, any break above resistance is a buy signal. In this case, 90.05, 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 BCO slightly near 90.05, target 85.88, Stop Loss @ 90.26. Details

The technical summary data is suggesting a short of BCO if it tests 90.05 with a downside target of 85.88. We should have a stop loss in place at 90.26 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, 90.05, 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 Brinks Company (the) (BCO) available here: BCO.

BCO Ratings for March 19:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	78.91
P2	84.36	84.3	84.78
P3	85.44	85.88	90.05

AI Generated Signals for BCO

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With an objective approach to Brinks Company (the) (NYSE: BCO), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BCO 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 BCO 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 BCO too.  All of these are offered below the Summary Table.