How the (CACC) price action is used to our Advantage
July 30, 2024, 10:04 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CACC
- Buy CACC slightly over 548.44 target 602.68 stop loss @ 546.86 Details
The technical summary data tells us to buy CACC near 548.44 with an upside target of 602.68. This data also tells us to set a stop loss @ 546.86 to protect against excessive loss in case the stock begins to move against the trade. 548.44 is the first level of support below 571.62 , and by rule, any test of support is a buy signal. In this case, support 548.44 is being tested, a buy signal would exist.
- Short CACC slightly under 602.68, target 548.44, stop loss @ 604.42 Details
The technical summary data is suggesting a short of CACC as it gets near 602.68 with a downside target of 548.44. We should have a stop loss in place at 604.42though. 602.68 is the first level of resistance above 571.62, and by rule, any test of resistance is a short signal. In this case, if resistance 602.68 is being tested, a short signal would exist.
Swing Trading Plans for CACC
- Buy CACC slightly over 602.68, target n/a, Stop Loss @ 600.94 Details
If 602.68 begins to break higher, the technical summary data tells us to buy CACC just slightly over 602.68, with an upside target of n/a. The data also tells us to set a stop loss @ 600.94 in case the stock turns against the trade. 602.68 is the first level of resistance above 571.62, and by rule, any break above resistance is a buy signal. In this case, 602.68, 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 CACC slightly near 602.68, target 571.53, Stop Loss @ 604.42. Details
The technical summary data is suggesting a short of CACC if it tests 602.68 with a downside target of 571.53. We should have a stop loss in place at 604.42 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, 602.68, 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 CACC
- Buy CACC slightly over 574.09, target 602.68, Stop Loss @ 572.75 Details
If 574.09 begins to break higher, the technical summary data tells us to buy CACC just slightly over 574.09, with an upside target of 602.68. The data also tells us to set a stop loss @ 572.75 in case the stock turns against the trade. 574.09 is the first level of resistance above 571.62, and by rule, any break above resistance is a buy signal. In this case, 574.09, 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 CACC slightly near 574.09, target 571.53, Stop Loss @ 575.43. Details
The technical summary data is suggesting a short of CACC if it tests 574.09 with a downside target of 571.53. We should have a stop loss in place at 575.43 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, 574.09, 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 Credit Acceptance Corporation (CACC) available here: CACC.
CACC Ratings for July 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
492.99 |
| P2 |
561.26 |
545.35 |
548.44 |
| P3 |
574.09 |
571.53 |
602.68 |
AI Generated Signals for CACC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Credit Acceptance Corporation (NASDAQ: CACC) data table below can help you with price action, and we have more details too. Trading plans for CACC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CACC:
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