When the Price of Astrazeneca Plc $AZN Talks, People Listen
November 23, 2023, 16:30 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AZN
- Buy AZN slightly over 63.12 target 67.81 stop loss @ 62.94 Details
The technical summary data tells us to buy AZN near 63.12 with an upside target of 67.81. This data also tells us to set a stop loss @ 62.94 to protect against excessive loss in case the stock begins to move against the trade. 63.12 is the first level of support below 63.61 , and by rule, any test of support is a buy signal. In this case, support 63.12 would be being tested, so a buy signal would exist.
- Short AZN slightly under 67.81, target 63.12, stop loss @ 68.01 Details
The technical summary data is suggesting a short of AZN as it gets near 67.81 with a downside target of 63.12. We should have a stop loss in place at 68.01though. 67.81 is the first level of resistance above 63.61, and by rule, any test of resistance is a short signal. In this case, if resistance 67.81 is being tested, so a short signal would exist.
Swing Trading Plans for AZN
- Buy AZN slightly over 64.46, target 67.81, Stop Loss @ 64.27 Details
If 64.46 begins to break higher, the technical summary data tells us to buy AZN just slightly over 64.46, with an upside target of 67.81. The data also tells us to set a stop loss @ 64.27 in case the stock turns against the trade. 64.46 is the first level of resistance above 63.61, and by rule, any break above resistance is a buy signal. In this case, 64.46, 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 AZN slightly near 64.46, target 63.24, Stop Loss @ 64.65. Details
The technical summary data is suggesting a short of AZN if it tests 64.46 with a downside target of 63.24. We should have a stop loss in place at 64.65 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, 64.46, 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 AZN
- Buy AZN slightly over 64.19, target 64.46, Stop Loss @ 64.04 Details
If 64.19 begins to break higher, the technical summary data tells us to buy AZN just slightly over 64.19, with an upside target of 64.46. The data also tells us to set a stop loss @ 64.04 in case the stock turns against the trade. 64.19 is the first level of resistance above 63.61, and by rule, any break above resistance is a buy signal. In this case, 64.19, 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 AZN slightly near 64.19, target 63.48, Stop Loss @ 64.34. Details
The technical summary data is suggesting a short of AZN if it tests 64.19 with a downside target of 63.48. We should have a stop loss in place at 64.34 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, 64.19, 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 Astrazeneca Plc (AZN) available here: AZN.
AZN Ratings for November 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
63.12 |
| P2 |
63.48 |
63.24 |
67.81 |
| P3 |
64.19 |
64.46 |
72.48 |
AI Generated Signals for AZN
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 Astrazeneca Plc (NYSE: AZN) 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 AZN 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 AZN:
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