Aspen Technology Inc. $AZPN Technical Data

November 23, 2023, 16:45 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AZPN

• Buy AZPN slightly over 178.21 target 202.63 stop loss @ 177.7 Details

The technical summary data tells us to buy AZPN near 178.21 with an upside target of 202.63. This data also tells us to set a stop loss @ 177.7 to protect against excessive loss in case the stock begins to move against the trade. 178.21 is the first level of support below 184.56 , and by rule, any test of support is a buy signal. In this case, support 178.21 is being tested, a buy signal would exist.

• Short AZPN slightly under 202.63, target 178.21, stop loss @ 203.22 Details

The technical summary data is suggesting a short of AZPN as it gets near 202.63 with a downside target of 178.21. We should have a stop loss in place at 203.22though. 202.63 is the first level of resistance above 184.56, and by rule, any test of resistance is a short signal. In this case, if resistance 202.63 is being tested, a short signal would exist.

Swing Trading Plans for AZPN

• Buy AZPN slightly over 192.79, target 202.63, Stop Loss @ 192.23 Details

If 192.79 begins to break higher, the technical summary data tells us to buy AZPN just slightly over 192.79, with an upside target of 202.63. The data also tells us to set a stop loss @ 192.23 in case the stock turns against the trade. 192.79 is the first level of resistance above 184.56, and by rule, any break above resistance is a buy signal. In this case, 192.79, 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 AZPN slightly near 192.79, target 182.41, Stop Loss @ 193.35. Details

The technical summary data is suggesting a short of AZPN if it tests 192.79 with a downside target of 182.41. We should have a stop loss in place at 193.35 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, 192.79, 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 AZPN

• Buy AZPN slightly over 185.17, target 188.85, Stop Loss @ 184.74 Details

If 185.17 begins to break higher, the technical summary data tells us to buy AZPN just slightly over 185.17, with an upside target of 188.85. The data also tells us to set a stop loss @ 184.74 in case the stock turns against the trade. 185.17 is the first level of resistance above 184.56, and by rule, any break above resistance is a buy signal. In this case, 185.17, 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 AZPN slightly near 185.17, target 182.41, Stop Loss @ 185.6. Details

The technical summary data is suggesting a short of AZPN if it tests 185.17 with a downside target of 182.41. We should have a stop loss in place at 185.6 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, 185.17, 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 Aspen Technology Inc. (AZPN) available here: AZPN.

AZPN Ratings for November 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	156.44
P2	185.17	182.41	178.21
P3	188.85	192.79	202.63

AI Generated Signals for AZPN

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Aspen Technology Inc. (NASDAQ: AZPN) while incorporating 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 AZPN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AZPN 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 AZPN too.  All of these are offered below the Summary Table.