Trading (ACM) With Integrated Risk Controls
July 09, 2024, 12:28 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ACM
- 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 ACM slightly under 85.51, target n/a, stop loss @ 85.76 Details
The technical summary data is suggesting a short of ACM as it gets near 85.51, 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 85.76. 85.51 is the first level of resistance above 82.97, and by rule, any test of resistance is a short signal. In this case, if resistance 85.51 is being tested, so a short signal would exist.
Swing Trading Plans for ACM
- Buy ACM slightly over 83.19, target 85.51, Stop Loss @ 82.95 Details
If 83.19 begins to break higher, the technical summary data tells us to buy ACM just slightly over 83.19, with an upside target of 85.51. The data also tells us to set a stop loss @ 82.95 in case the stock turns against the trade. 83.19 is the first level of resistance above 82.97, and by rule, any break above resistance is a buy signal. In this case, 83.19, 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 ACM slightly near 83.19, target n/a, Stop Loss @ 83.43. Details
The technical summary data is suggesting a short of ACM if it tests 83.19 with a downside target of n/a. We should have a stop loss in place at 83.43 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, 83.19, 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 ACM
- Buy ACM slightly over 83.19, target 84.3, Stop Loss @ 83 Details
If 83.19 begins to break higher, the technical summary data tells us to buy ACM just slightly over 83.19, with an upside target of 84.3. The data also tells us to set a stop loss @ 83 in case the stock turns against the trade. 83.19 is the first level of resistance above 82.97, and by rule, any break above resistance is a buy signal. In this case, 83.19, 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 ACM slightly near 83.19, target 82.84, Stop Loss @ 83.38. Details
The technical summary data is suggesting a short of ACM if it tests 83.19 with a downside target of 82.84. We should have a stop loss in place at 83.38 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, 83.19, 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 Aecom (ACM) available here: ACM.
ACM Ratings for July 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
85.51 |
| P2 |
82.84 |
83.19 |
91.39 |
| P3 |
84.3 |
85.74 |
97.08 |
AI Generated Signals for ACM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ACM:
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