When the Price of Astec Industries ASTE Talks, People Listen

Source: Stock Traders Daily

Longer Term Trading Plans for ASTE
  • Buy ASTE slightly slightly over 29.45 target 38.30 stop loss @ 29.36 Details
  • The technical summary data tells us to buy ASTE near 29.45 with an upside target of 38.30. This data also tells us to set a stop loss @ 29.36 to protect against excessive loss in case the stock begins to move against the trade. 29.45 is the first level of support below 33.99 , and by rule, any test of support is a buy signal. In this case, support 29.45 would be being tested, so a buy signal would exist.

  • Short ASTE slightly under 38.30, target 29.45, stop loss @ 38.41 Details
  • The technical summary data is suggesting a short of ASTE as it gets near 38.30 with a downside target of 29.45. We should have a stop loss in place at 38.41though. 38.30 is the first level of resistance above 33.99, and by rule, any test of resistance is a short signal. In this case, if resistance 38.30 is being tested, so a short signal would exist.

Swing Trading Plans for ASTE
  • Buy ASTE slightly slightly over 35.45, target 38.30, Stop Loss @ 35.35 Details
  • If 35.45 begins to break higher, the technical summary data tells us to buy ASTE just slightly over 35.45, with an upside target of 38.30. The data also tells us to set a stop loss @ 35.35 in case the stock turns against the trade. 35.45 is the first level of resistance above 33.99, and by rule, any break above resistance is a buy signal. In this case, 35.45, 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 ASTE slightly near 35.45, target 33.34, Stop Loss @ 35.55. Details
  • The technical summary data is suggesting a short of ASTE if it tests 35.45 with a downside target of 33.34. We should have a stop loss in place at 35.55 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, 35.45, 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 ASTE
  • Buy ASTE slightly slightly over 34.55, target 35.45, Stop Loss @ 34.47 Details
  • If 34.55 begins to break higher, the technical summary data tells us to buy ASTE just slightly over 34.55, with an upside target of 35.45. The data also tells us to set a stop loss @ 34.47 in case the stock turns against the trade. 34.55 is the first level of resistance above 33.99, and by rule, any break above resistance is a buy signal. In this case, 34.55, 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 ASTE slightly near 34.55, target 33.34, Stop Loss @ 34.63. Details
  • The technical summary data is suggesting a short of ASTE if it tests 34.55 with a downside target of 33.34. We should have a stop loss in place at 34.63 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, 34.55, 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.

ASTE Ratings for September 23:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 29.45
P2 33.08 33.34 38.30
P3 34.55 35.45 47.85

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ASTE Long Term Analysis for September 23 2022


ASTE Swing Trading Analysis for September 23 2022


ASTE Day Trading Analysis for September 23 2022

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Astec Industries (NASDAQ: ASTE) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ASTE can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports