Learn to Evaluate (ATKR) using the Charts
June 29, 2024, 20:44 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ATKR
- 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 ATKR slightly under 139.93, target n/a, stop loss @ 140.33 Details
The technical summary data is suggesting a short of ATKR as it gets near 139.93, 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 140.33. 139.93 is the first level of resistance above 134.93, and by rule, any test of resistance is a short signal. In this case, if resistance 139.93 is being tested, so a short signal would exist.
Swing Trading Plans for ATKR
- Buy ATKR slightly over 139.93, target 160.21, Stop Loss @ 139.53 Details
If 139.93 begins to break higher, the technical summary data tells us to buy ATKR just slightly over 139.93, with an upside target of 160.21. The data also tells us to set a stop loss @ 139.53 in case the stock turns against the trade. 139.93 is the first level of resistance above 134.93, and by rule, any break above resistance is a buy signal. In this case, 139.93, 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 ATKR slightly near 139.93, target 132.89, Stop Loss @ 140.33. Details
The technical summary data is suggesting a short of ATKR if it tests 139.93 with a downside target of 132.89. We should have a stop loss in place at 140.33 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, 139.93, 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 ATKR
- Buy ATKR slightly over 135.01, target 139.93, Stop Loss @ 134.7 Details
If 135.01 begins to break higher, the technical summary data tells us to buy ATKR just slightly over 135.01, with an upside target of 139.93. The data also tells us to set a stop loss @ 134.7 in case the stock turns against the trade. 135.01 is the first level of resistance above 134.93, and by rule, any break above resistance is a buy signal. In this case, 135.01, 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 ATKR slightly near 135.01, target 132.89, Stop Loss @ 135.32. Details
The technical summary data is suggesting a short of ATKR if it tests 135.01 with a downside target of 132.89. We should have a stop loss in place at 135.32 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, 135.01, 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 Atkore Inc. (ATKR) available here: ATKR.
ATKR Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
139.93 |
| P2 |
130.92 |
127.33 |
160.21 |
| P3 |
135.01 |
132.89 |
181.61 |
AI Generated Signals for ATKR
Blue = Current Price
Red= Resistance
Green = Support
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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 Atkore Inc. (NASDAQ: ATKR) report below can help you understand how to do this. The trading plans for ATKR, 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.
Fundamental Charts for ATKR:
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