When the Price of Autonation $AN Talks, People Listen
August 17, 2023, 14:45 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AN
- Buy AN slightly over 153.90 target 171.34 stop loss @ 153.46 Details
The technical summary data tells us to buy AN near 153.90 with an upside target of 171.34. This data also tells us to set a stop loss @ 153.46 to protect against excessive loss in case the stock begins to move against the trade. 153.90 is the first level of support below 155.62 , and by rule, any test of support is a buy signal. In this case, support 153.90 is being tested, a buy signal would exist.
- Short AN slightly under 171.34, target 153.90, stop loss @ 171.83 Details
The technical summary data is suggesting a short of AN as it gets near 171.34 with a downside target of 153.90. We should have a stop loss in place at 171.83though. 171.34 is the first level of resistance above 155.62, and by rule, any test of resistance is a short signal. In this case, if resistance 171.34 is being tested, a short signal would exist.
Swing Trading Plans for AN
- Buy AN slightly over 158.89, target 171.34, Stop Loss @ 158.43 Details
If 158.89 begins to break higher, the technical summary data tells us to buy AN just slightly over 158.89, with an upside target of 171.34. The data also tells us to set a stop loss @ 158.43 in case the stock turns against the trade. 158.89 is the first level of resistance above 155.62, and by rule, any break above resistance is a buy signal. In this case, 158.89, 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 AN slightly near 158.89, target 153.90, Stop Loss @ 159.35. Details
The technical summary data is suggesting a short of AN if it tests 158.89 with a downside target of 153.90. We should have a stop loss in place at 159.35 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, 158.89, 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 AN
- Buy AN slightly over 158.89, target 160.79, Stop Loss @ 158.52 Details
If 158.89 begins to break higher, the technical summary data tells us to buy AN just slightly over 158.89, with an upside target of 160.79. The data also tells us to set a stop loss @ 158.52 in case the stock turns against the trade. 158.89 is the first level of resistance above 155.62, and by rule, any break above resistance is a buy signal. In this case, 158.89, 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 AN slightly near 158.89, target 155.42, Stop Loss @ 159.26. Details
The technical summary data is suggesting a short of AN if it tests 158.89 with a downside target of 155.42. We should have a stop loss in place at 159.26 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, 158.89, 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 Autonation (AN) available here: AN.
AN Ratings for August 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
137.76 |
| P2 |
155.42 |
153.31 |
153.90 |
| P3 |
160.79 |
158.89 |
171.34 |
AI Generated Signals for AN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Autonation (NYSE: AN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for AN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AN:
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