How the (ACM) price action is used to our Advantage
January 05, 2024, 21:08 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ACM
- Buy ACM slightly over 85.82 target 91.23 stop loss @ 85.57 Details
The technical summary data tells us to buy ACM near 85.82 with an upside target of 91.23. This data also tells us to set a stop loss @ 85.57 to protect against excessive loss in case the stock begins to move against the trade. 85.82 is the first level of support below 88.72 , and by rule, any test of support is a buy signal. In this case, support 85.82 is being tested, a buy signal would exist.
- Short ACM slightly under 91.23, target 85.82, stop loss @ 91.49 Details
The technical summary data is suggesting a short of ACM as it gets near 91.23 with a downside target of 85.82. We should have a stop loss in place at 91.49though. 91.23 is the first level of resistance above 88.72, and by rule, any test of resistance is a short signal. In this case, if resistance 91.23 is being tested, a short signal would exist.
Swing Trading Plans for ACM
- Buy ACM slightly over 89.32, target 91.3, Stop Loss @ 89.06 Details
If 89.32 begins to break higher, the technical summary data tells us to buy ACM just slightly over 89.32, with an upside target of 91.3. The data also tells us to set a stop loss @ 89.06 in case the stock turns against the trade. 89.32 is the first level of resistance above 88.72, and by rule, any break above resistance is a buy signal. In this case, 89.32, 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 ACM slightly near 89.32, target 85.82, Stop Loss @ 89.58. Details
The technical summary data is suggesting a short of ACM if it tests 89.32 with a downside target of 85.82. We should have a stop loss in place at 89.58 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, 89.32, 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 ACM
- Buy ACM slightly over 89.06, target 89.32, Stop Loss @ 88.85 Details
If 89.06 begins to break higher, the technical summary data tells us to buy ACM just slightly over 89.06, with an upside target of 89.32. The data also tells us to set a stop loss @ 88.85 in case the stock turns against the trade. 89.06 is the first level of resistance above 88.72, and by rule, any break above resistance is a buy signal. In this case, 89.06, 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 ACM slightly near 89.06, target 88.06, Stop Loss @ 89.27. Details
The technical summary data is suggesting a short of ACM if it tests 89.06 with a downside target of 88.06. We should have a stop loss in place at 89.27 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, 89.06, 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 Aecom (ACM) available here: ACM.
ACM Ratings for January 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
79.92 |
| P2 |
88.06 |
89.32 |
85.82 |
| P3 |
89.06 |
91.3 |
91.23 |
AI Generated Signals for ACM
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 Aecom (NYSE: ACM) data table below can help you with price action, and we have more details too. Trading plans for ACM 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 ACM:
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