Objective long/short (AZPN) Report

October 20, 2024, 04:04 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AZPN

• Buy AZPN near 220.63 target 239.84 stop loss @ 219.99 Details

The technical summary data tells us to buy AZPN near 220.63 with an upside target of 239.84. This data also tells us to set a stop loss @ 219.99 to protect against excessive loss in case the stock begins to move against the trade. 220.63 is the first level of support below 239.08 , and by rule, any test of support is a buy signal. In this case, support 220.63 is being tested, a buy signal would exist.

• Short AZPN slightly under 239.84, target 220.63, stop loss @ 240.53 Details

The technical summary data is suggesting a short of AZPN as it gets near 239.84 with a downside target of 220.63. We should have a stop loss in place at 240.53though. 239.84 is the first level of resistance above 239.08, and by rule, any test of resistance is a short signal. In this case, if resistance 239.84 is being tested, a short signal would exist.

Swing Trading Plans for AZPN

• Buy AZPN slightly over 239.4, target 239.84, Stop Loss @ 238.71 Details

If 239.4 begins to break higher, the technical summary data tells us to buy AZPN just slightly over 239.4, with an upside target of 239.84. The data also tells us to set a stop loss @ 238.71 in case the stock turns against the trade. 239.4 is the first level of resistance above 239.08, and by rule, any break above resistance is a buy signal. In this case, 239.4, 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 AZPN slightly near 239.4, target 235.08, Stop Loss @ 240.09. Details

The technical summary data is suggesting a short of AZPN if it tests 239.4 with a downside target of 235.08. We should have a stop loss in place at 240.09 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, 239.4, 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 AZPN

• Buy AZPN slightly over 239.4, target 239.84, Stop Loss @ 238.84 Details

If 239.4 begins to break higher, the technical summary data tells us to buy AZPN just slightly over 239.4, with an upside target of 239.84. The data also tells us to set a stop loss @ 238.84 in case the stock turns against the trade. 239.4 is the first level of resistance above 239.08, and by rule, any break above resistance is a buy signal. In this case, 239.4, 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 AZPN slightly near 239.4, target 238.94, Stop Loss @ 239.96. Details

The technical summary data is suggesting a short of AZPN if it tests 239.4 with a downside target of 238.94. We should have a stop loss in place at 239.96 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, 239.4, 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 Aspen Technology Inc. (AZPN) available here: AZPN.

AZPN Ratings for October 20:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	199.38
P2	235.85	235.08	220.63
P3	238.94	239.4	239.84

AI Generated Signals for AZPN

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Aspen Technology Inc. (NASDAQ: AZPN) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AZPN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AZPN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AZPN too.  All of these are offered below the Summary Table.