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Acuity Brands AYI Pivots Trading Plans and Risk Controls

This Acuity Brands (NYSE: AYI) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AYI 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 AYI 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 AYI too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for AYI
  • Buy AYI slightly over 141.12 target 158.48 stop loss @ 140.71 Details
  • The technical summary data tells us to buy AYI near 141.12 with an upside target of 158.48. This data also tells us to set a stop loss @ 140.71 to protect against excessive loss in case the stock begins to move against the trade. 141.12 is the first level of support below 157.47 , and by rule, any test of support is a buy signal. In this case, support 141.12 would be being tested, so a buy signal would exist.

  • Short AYI slightly under 158.48, target 141.12, stop loss @ 158.94 Details
  • The technical summary data is suggesting a short of AYI as it gets near 158.48 with a downside target of 141.12. We should have a stop loss in place at 158.94though. 158.48 is the first level of resistance above 157.47, and by rule, any test of resistance is a short signal. In this case, if resistance 158.48 is being tested, so a short signal would exist.

Swing Trading Plans for AYI
  • Buy AYI slightly over 158.48, target 159.12, Stop Loss @ 158.02 Details
  • If 158.48 begins to break higher, the technical summary data tells us to buy AYI just slightly over 158.48, with an upside target of 159.12. The data also tells us to set a stop loss @ 158.02 in case the stock turns against the trade. 158.48 is the first level of resistance above 157.47, and by rule, any break above resistance is a buy signal. In this case, 158.48, 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 AYI slightly near 158.48, target 152.27, Stop Loss @ 158.94. Details
  • The technical summary data is suggesting a short of AYI if it tests 158.48 with a downside target of 152.27. We should have a stop loss in place at 158.94 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, 158.48, 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 AYI
  • Buy AYI slightly over 158.48, target 159.12, Stop Loss @ 158.11 Details
  • If 158.48 begins to break higher, the technical summary data tells us to buy AYI just slightly over 158.48, with an upside target of 159.12. The data also tells us to set a stop loss @ 158.11 in case the stock turns against the trade. 158.48 is the first level of resistance above 157.47, and by rule, any break above resistance is a buy signal. In this case, 158.48, 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 AYI slightly near 158.48, target 153.64, Stop Loss @ 158.85. Details
  • The technical summary data is suggesting a short of AYI if it tests 158.48 with a downside target of 153.64. We should have a stop loss in place at 158.85 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, 158.48, 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.

AYI Ratings for October 02:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 141.12
P2 153.64 152.27 158.48
P3 158.47 159.12 174.66
Triggers may have already come
Support and Resistance Plot Chart for AYI

AYI Long Term Analysis for October 2 2022

Blue = Current Price
Red= Resistance
Green = Support

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