Learn to Evaluate Carmax ($KMX) using the Charts

November 11, 2023, 01:45 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KMX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short KMX slightly under 69.80, target n/a, stop loss @ 70 Details

The technical summary data is suggesting a short of KMX as it gets near 69.80, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 70. 69.80 is the first level of resistance above 63.37, and by rule, any test of resistance is a short signal. In this case, if resistance 69.80 is being tested, so a short signal would exist.

Swing Trading Plans for KMX

• Buy KMX slightly over 64.68, target 69.80, Stop Loss @ 64.49 Details

If 64.68 begins to break higher, the technical summary data tells us to buy KMX just slightly over 64.68, with an upside target of 69.80. The data also tells us to set a stop loss @ 64.49 in case the stock turns against the trade. 64.68 is the first level of resistance above 63.37, and by rule, any break above resistance is a buy signal. In this case, 64.68, 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 KMX slightly near 64.68, target 60.51, Stop Loss @ 64.87. Details

The technical summary data is suggesting a short of KMX if it tests 64.68 with a downside target of 60.51. We should have a stop loss in place at 64.87 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, 64.68, 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 KMX

• Buy KMX slightly over 63.62, target 64.68, Stop Loss @ 63.47 Details

If 63.62 begins to break higher, the technical summary data tells us to buy KMX just slightly over 63.62, with an upside target of 64.68. The data also tells us to set a stop loss @ 63.47 in case the stock turns against the trade. 63.62 is the first level of resistance above 63.37, and by rule, any break above resistance is a buy signal. In this case, 63.62, 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 KMX slightly near 63.62, target 60.51, Stop Loss @ 63.77. Details

The technical summary data is suggesting a short of KMX if it tests 63.62 with a downside target of 60.51. We should have a stop loss in place at 63.77 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, 63.62, 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  Carmax (KMX) available here: KMX.

KMX Ratings for November 11:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	69.80
P2	63.62	60.51	78.96
P3	66.92	64.68	88.10

AI Generated Signals for KMX

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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  Carmax (NYSE: KMX) report below can help you understand how to do this. The trading plans for KMX, 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.