When the Price of (AL) Talks, People Listen
August 22, 2024, 06:24 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AL
- Buy AL slightly over 44.13 target 48.95 stop loss @ 44 Details
The technical summary data tells us to buy AL near 44.13 with an upside target of 48.95. This data also tells us to set a stop loss @ 44 to protect against excessive loss in case the stock begins to move against the trade. 44.13 is the first level of support below 45.46 , and by rule, any test of support is a buy signal. In this case, support 44.13 would be being tested, so a buy signal would exist.
- Short AL slightly under 48.95, target 44.13, stop loss @ 49.09 Details
The technical summary data is suggesting a short of AL as it gets near 48.95 with a downside target of 44.13. We should have a stop loss in place at 49.09though. 48.95 is the first level of resistance above 45.46, and by rule, any test of resistance is a short signal. In this case, if resistance 48.95 is being tested, so a short signal would exist.
Swing Trading Plans for AL
- Buy AL slightly over 46.22, target 48.95, Stop Loss @ 46.09 Details
If 46.22 begins to break higher, the technical summary data tells us to buy AL just slightly over 46.22, with an upside target of 48.95. The data also tells us to set a stop loss @ 46.09 in case the stock turns against the trade. 46.22 is the first level of resistance above 45.46, and by rule, any break above resistance is a buy signal. In this case, 46.22, 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 AL slightly near 46.22, target 45.12, Stop Loss @ 46.35. Details
The technical summary data is suggesting a short of AL if it tests 46.22 with a downside target of 45.12. We should have a stop loss in place at 46.35 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, 46.22, 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 AL
- Buy AL slightly over 46.22, target 48.95, Stop Loss @ 46.11 Details
If 46.22 begins to break higher, the technical summary data tells us to buy AL just slightly over 46.22, with an upside target of 48.95. The data also tells us to set a stop loss @ 46.11 in case the stock turns against the trade. 46.22 is the first level of resistance above 45.46, and by rule, any break above resistance is a buy signal. In this case, 46.22, 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 AL slightly near 46.22, target 45.38, Stop Loss @ 46.33. Details
The technical summary data is suggesting a short of AL if it tests 46.22 with a downside target of 45.38. We should have a stop loss in place at 46.33 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, 46.22, 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 Air Lease Corporation Class A (AL) available here: AL.
AL Ratings for August 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
44.13 |
| P2 |
44.81 |
45.12 |
48.95 |
| P3 |
45.38 |
46.22 |
53.63 |
AI Generated Signals for AL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Air Lease Corporation Class A (NYSE: AL) 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 AL 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.
Fundamental Charts for AL:
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