When (AY) Moves Investors should Listen
July 09, 2024, 21:48 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AY
- Buy AY slightly over 20.05 target 22.39 stop loss @ 19.99 Details
The technical summary data tells us to buy AY near 20.05 with an upside target of 22.39. This data also tells us to set a stop loss @ 19.99 to protect against excessive loss in case the stock begins to move against the trade. 20.05 is the first level of support below 22 , and by rule, any test of support is a buy signal. In this case, support 20.05 is being tested, a buy signal would exist.
- Short AY slightly under 22.39, target 20.05, stop loss @ 22.45 Details
The technical summary data is suggesting a short of AY as it gets near 22.39 with a downside target of 20.05. We should have a stop loss in place at 22.45though. 22.39 is the first level of resistance above 22, and by rule, any test of resistance is a short signal. In this case, if resistance 22.39 is being tested, a short signal would exist.
Swing Trading Plans for AY
- Buy AY slightly over 22.04, target n/a, Stop Loss @ 21.98 Details
If 22.04 begins to break higher, the technical summary data tells us to buy AY just slightly over 22.04, with an upside target of n/a. The data also tells us to set a stop loss @ 21.98 in case the stock turns against the trade. 22.04 is the first level of resistance above 22, and by rule, any break above resistance is a buy signal. In this case, 22.04, 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 AY slightly near 22.04, target 20.05, Stop Loss @ 22.1. Details
The technical summary data is suggesting a short of AY if it tests 22.04 with a downside target of 20.05. We should have a stop loss in place at 22.1 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, 22.04, 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 AY
- Buy AY slightly over 22.07, target 22.39, Stop Loss @ 22.02 Details
If 22.07 begins to break higher, the technical summary data tells us to buy AY just slightly over 22.07, with an upside target of 22.39. The data also tells us to set a stop loss @ 22.02 in case the stock turns against the trade. 22.07 is the first level of resistance above 22, and by rule, any break above resistance is a buy signal. In this case, 22.07, 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 AY slightly near 22.07, target 20.05, Stop Loss @ 22.12. Details
The technical summary data is suggesting a short of AY if it tests 22.07 with a downside target of 20.05. We should have a stop loss in place at 22.12 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, 22.07, 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 Atlantica Sustainable Infrastructure Plc (AY) available here: AY.
AY Ratings for July 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
17.56 |
| P2 |
22.07 |
22.04 |
20.05 |
| P3 |
0 |
|
22.39 |
AI Generated Signals for AY
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 Atlantica Sustainable Infrastructure Plc (NYSE: AY) report below is a real world example. Included are trading plans for AY, 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 AY:
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