Learn to Evaluate Acuity Brands (AYI) using the Charts
September 23, 2022, 03:00 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Acuity Brands (NYSE: AYI) report below can help you understand how to do this. The trading plans for AYI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Longer Term Trading Plans for AYI
- Buy AYI slightly over 144.08 target 163.21 stop loss @ 143.66 Details
The technical summary data tells us to buy AYI near 144.08 with an upside target of 163.21. This data also tells us to set a stop loss @ 143.66 to protect against excessive loss in case the stock begins to move against the trade. 144.08 is the first level of support below 158.64 , and by rule, any test of support is a buy signal. In this case, support 144.08 would be being tested, so a buy signal would exist.
- Short AYI slightly under 163.21, target 144.08, stop loss @ 163.68 Details
The technical summary data is suggesting a short of AYI as it gets near 163.21 with a downside target of 144.08. We should have a stop loss in place at 163.68though. 163.21 is the first level of resistance above 158.64, and by rule, any test of resistance is a short signal. In this case, if resistance 163.21 is being tested, so a short signal would exist.
Swing Trading Plans for AYI
- Buy AYI slightly over 163.21, target 164.76, Stop Loss @ 162.74 Details
If 163.21 begins to break higher, the technical summary data tells us to buy AYI just slightly over 163.21, with an upside target of 164.76. The data also tells us to set a stop loss @ 162.74 in case the stock turns against the trade. 163.21 is the first level of resistance above 158.64, and by rule, any break above resistance is a buy signal. In this case, 163.21, 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 163.21, target 155.00, Stop Loss @ 163.68. Details
The technical summary data is suggesting a short of AYI if it tests 163.21 with a downside target of 155.00. We should have a stop loss in place at 163.68 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, 163.21, 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 160.16, target 163.21, Stop Loss @ 159.79 Details
If 160.16 begins to break higher, the technical summary data tells us to buy AYI just slightly over 160.16, with an upside target of 163.21. The data also tells us to set a stop loss @ 159.79 in case the stock turns against the trade. 160.16 is the first level of resistance above 158.64, and by rule, any break above resistance is a buy signal. In this case, 160.16, 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 160.16, target 155.00, Stop Loss @ 160.53. Details
The technical summary data is suggesting a short of AYI if it tests 160.16 with a downside target of 155.00. We should have a stop loss in place at 160.53 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, 160.16, 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 September 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
144.08 |
| P2 |
160.16 |
155.00 |
163.21 |
| P3 |
166.02 |
164.76 |
180.92 |
⚠Triggers may have already come
Support and Resistance Plot Chart for AYI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AYI:
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