When Allegheny Technologies ($ATI) Moves Investors should Listen

November 02, 2023, 06:15 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ATI

• 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 ATI slightly under 40.02, target n/a, stop loss @ 40.14 Details

The technical summary data is suggesting a short of ATI as it gets near 40.02, 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 40.14. 40.02 is the first level of resistance above 37.33, and by rule, any test of resistance is a short signal. In this case, if resistance 40.02 is being tested, so a short signal would exist.

Swing Trading Plans for ATI

• Buy ATI slightly over 38.15, target 40.02, Stop Loss @ 38.04 Details

If 38.15 begins to break higher, the technical summary data tells us to buy ATI just slightly over 38.15, with an upside target of 40.02. The data also tells us to set a stop loss @ 38.04 in case the stock turns against the trade. 38.15 is the first level of resistance above 37.33, and by rule, any break above resistance is a buy signal. In this case, 38.15, 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 ATI slightly near 38.15, target 36.37, Stop Loss @ 38.26. Details

The technical summary data is suggesting a short of ATI if it tests 38.15 with a downside target of 36.37. We should have a stop loss in place at 38.26 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, 38.15, 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 ATI

• Buy ATI slightly over 37.85, target 38.15, Stop Loss @ 37.76 Details

If 37.85 begins to break higher, the technical summary data tells us to buy ATI just slightly over 37.85, with an upside target of 38.15. The data also tells us to set a stop loss @ 37.76 in case the stock turns against the trade. 37.85 is the first level of resistance above 37.33, and by rule, any break above resistance is a buy signal. In this case, 37.85, 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 ATI slightly near 37.85, target 37.04, Stop Loss @ 37.94. Details

The technical summary data is suggesting a short of ATI if it tests 37.85 with a downside target of 37.04. We should have a stop loss in place at 37.94 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, 37.85, 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  Allegheny Technologies (ATI) available here: ATI.

ATI Ratings for November 02:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	40.02
P2	37.04	36.37	44.64
P3	37.85	38.15	49.23

AI Generated Signals for ATI

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Allegheny Technologies (NYSE: ATI) report below is a real world example. Included are trading plans for ATI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.