Learn to Evaluate Ashland Inc (ASH) using the Charts

October 02, 2022, 19:30 pm ET, BY Mitchell H.- 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  Ashland Inc (NYSE: ASH) report below can help you understand how to do this. The trading plans for ASH, 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 ASH

• Buy ASH slightly over 93.75 target 101.69 stop loss @ 93.48 Details

The technical summary data tells us to buy ASH near 93.75 with an upside target of 101.69. This data also tells us to set a stop loss @ 93.48 to protect against excessive loss in case the stock begins to move against the trade. 93.75 is the first level of support below 94.97 , and by rule, any test of support is a buy signal. In this case, support 93.75 would be being tested, so a buy signal would exist.

• Short ASH slightly under 101.69, target 93.75, stop loss @ 101.98 Details

The technical summary data is suggesting a short of ASH as it gets near 101.69 with a downside target of 93.75. We should have a stop loss in place at 101.98though. 101.69 is the first level of resistance above 94.97, and by rule, any test of resistance is a short signal. In this case, if resistance 101.69 is being tested, so a short signal would exist.

Swing Trading Plans for ASH

• Buy ASH slightly over 101.69, target 109.92, Stop Loss @ 101.4 Details

If 101.69 begins to break higher, the technical summary data tells us to buy ASH just slightly over 101.69, with an upside target of 109.92. The data also tells us to set a stop loss @ 101.4 in case the stock turns against the trade. 101.69 is the first level of resistance above 94.97, and by rule, any break above resistance is a buy signal. In this case, 101.69, 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 ASH slightly near 101.69, target 94.44, Stop Loss @ 101.98. Details

The technical summary data is suggesting a short of ASH if it tests 101.69 with a downside target of 94.44. We should have a stop loss in place at 101.98 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, 101.69, 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 ASH

• Buy ASH slightly over 95.34, target 101.69, Stop Loss @ 95.12 Details

If 95.34 begins to break higher, the technical summary data tells us to buy ASH just slightly over 95.34, with an upside target of 101.69. The data also tells us to set a stop loss @ 95.12 in case the stock turns against the trade. 95.34 is the first level of resistance above 94.97, and by rule, any break above resistance is a buy signal. In this case, 95.34, 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 ASH slightly near 95.34, target 94.44, Stop Loss @ 95.56. Details

The technical summary data is suggesting a short of ASH if it tests 95.34 with a downside target of 94.44. We should have a stop loss in place at 95.56 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, 95.34, 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.

ASH Ratings for October 02:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	93.75
P2	93.17	91.66	101.69
P3	95.34	94.44	109.92

Support and Resistance Plot Chart for ASH

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.