(ALK) Technical Pivots with Risk Controls

August 31, 2024, 22:50 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALK

• Buy ALK slightly over 35.62 target 39.93 stop loss @ 35.52 Details

The technical summary data tells us to buy ALK near 35.62 with an upside target of 39.93. This data also tells us to set a stop loss @ 35.52 to protect against excessive loss in case the stock begins to move against the trade. 35.62 is the first level of support below 36.11 , and by rule, any test of support is a buy signal. In this case, support 35.62 would be being tested, so a buy signal would exist.

• Short ALK slightly under 39.93, target 35.62, stop loss @ 40.05 Details

The technical summary data is suggesting a short of ALK as it gets near 39.93 with a downside target of 35.62. We should have a stop loss in place at 40.05though. 39.93 is the first level of resistance above 36.11, and by rule, any test of resistance is a short signal. In this case, if resistance 39.93 is being tested, so a short signal would exist.

Swing Trading Plans for ALK

• Buy ALK slightly over 36.33, target 39.93, Stop Loss @ 36.23 Details

If 36.33 begins to break higher, the technical summary data tells us to buy ALK just slightly over 36.33, with an upside target of 39.93. The data also tells us to set a stop loss @ 36.23 in case the stock turns against the trade. 36.33 is the first level of resistance above 36.11, and by rule, any break above resistance is a buy signal. In this case, 36.33, 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 ALK slightly near 36.33, target 35.62, Stop Loss @ 36.43. Details

The technical summary data is suggesting a short of ALK if it tests 36.33 with a downside target of 35.62. We should have a stop loss in place at 36.43 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, 36.33, 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 ALK

• Buy ALK slightly over 36.33, target 39.93, Stop Loss @ 36.25 Details

If 36.33 begins to break higher, the technical summary data tells us to buy ALK just slightly over 36.33, with an upside target of 39.93. The data also tells us to set a stop loss @ 36.25 in case the stock turns against the trade. 36.33 is the first level of resistance above 36.11, and by rule, any break above resistance is a buy signal. In this case, 36.33, 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 ALK slightly near 36.33, target 35.84, Stop Loss @ 36.41. Details

The technical summary data is suggesting a short of ALK if it tests 36.33 with a downside target of 35.84. We should have a stop loss in place at 36.41 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, 36.33, 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 Alaska Air Group Inc. (ALK) available here: ALK.

ALK Ratings for August 31:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	35.62
P2	35.84	35.5	39.93
P3	36.3	36.33	44.3

AI Generated Signals for ALK

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The technical pivots for Alaska Air Group Inc. (NYSE: ALK) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALK too.  All of these are offered below the Summary Table.