When (CAR) Moves Investors should Listen
October 18, 2024, 22:04 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CAR
- Buy CAR near 71.09 target 89.97 stop loss @ 70.88 Details
The technical summary data tells us to buy CAR near 71.09 with an upside target of 89.97. This data also tells us to set a stop loss @ 70.88 to protect against excessive loss in case the stock begins to move against the trade. 71.09 is the first level of support below 81.05 , and by rule, any test of support is a buy signal. In this case, support 71.09 is being tested, a buy signal would exist.
- Short CAR slightly under 89.97, target 71.09, stop loss @ 90.23 Details
The technical summary data is suggesting a short of CAR as it gets near 89.97 with a downside target of 71.09. We should have a stop loss in place at 90.23though. 89.97 is the first level of resistance above 81.05, and by rule, any test of resistance is a short signal. In this case, if resistance 89.97 is being tested, a short signal would exist.
Swing Trading Plans for CAR
- Buy CAR slightly over 82.05, target 89.97, Stop Loss @ 81.81 Details
If 82.05 begins to break higher, the technical summary data tells us to buy CAR just slightly over 82.05, with an upside target of 89.97. The data also tells us to set a stop loss @ 81.81 in case the stock turns against the trade. 82.05 is the first level of resistance above 81.05, and by rule, any break above resistance is a buy signal. In this case, 82.05, 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 CAR slightly near 82.05, target 77.18, Stop Loss @ 82.29. Details
The technical summary data is suggesting a short of CAR if it tests 82.05 with a downside target of 77.18. We should have a stop loss in place at 82.29 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, 82.05, 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 CAR
- Buy CAR slightly over 82.05, target 89.97, Stop Loss @ 81.86 Details
If 82.05 begins to break higher, the technical summary data tells us to buy CAR just slightly over 82.05, with an upside target of 89.97. The data also tells us to set a stop loss @ 81.86 in case the stock turns against the trade. 82.05 is the first level of resistance above 81.05, and by rule, any break above resistance is a buy signal. In this case, 82.05, 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 CAR slightly near 82.05, target 80.34, Stop Loss @ 82.24. Details
The technical summary data is suggesting a short of CAR if it tests 82.05 with a downside target of 80.34. We should have a stop loss in place at 82.24 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, 82.05, 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 Avis Budget Group Inc. (CAR) available here: CAR.
CAR Ratings for October 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
52.27 |
| P2 |
77.71 |
77.18 |
71.09 |
| P3 |
80.34 |
82.05 |
89.97 |
AI Generated Signals for CAR
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Avis Budget Group Inc. (NYSE: CAR) report below is a real world example. Included are trading plans for CAR, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CAR:
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