How to Take Advantage of moves in (ATKR)

July 19, 2024, 22:12 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ATKR

• Buy ATKR slightly over 136.93 target 157.78 stop loss @ 136.53 Details

The technical summary data tells us to buy ATKR near 136.93 with an upside target of 157.78. This data also tells us to set a stop loss @ 136.53 to protect against excessive loss in case the stock begins to move against the trade. 136.93 is the first level of support below 141.83 , and by rule, any test of support is a buy signal. In this case, support 136.93 would be being tested, so a buy signal would exist.

• Short ATKR slightly under 157.78, target 136.93, stop loss @ 158.24 Details

The technical summary data is suggesting a short of ATKR as it gets near 157.78 with a downside target of 136.93. We should have a stop loss in place at 158.24though. 157.78 is the first level of resistance above 141.83, and by rule, any test of resistance is a short signal. In this case, if resistance 157.78 is being tested, so a short signal would exist.

Swing Trading Plans for ATKR

• Buy ATKR slightly over 146.37, target 154.44, Stop Loss @ 145.95 Details

If 146.37 begins to break higher, the technical summary data tells us to buy ATKR just slightly over 146.37, with an upside target of 154.44. The data also tells us to set a stop loss @ 145.95 in case the stock turns against the trade. 146.37 is the first level of resistance above 141.83, and by rule, any break above resistance is a buy signal. In this case, 146.37, 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 146.37, target 136.93, Stop Loss @ 146.79. Details

The technical summary data is suggesting a short of ATKR if it tests 146.37 with a downside target of 136.93. We should have a stop loss in place at 146.79 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, 146.37, 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 144.8, target 146.37, Stop Loss @ 144.46 Details

If 144.8 begins to break higher, the technical summary data tells us to buy ATKR just slightly over 144.8, with an upside target of 146.37. The data also tells us to set a stop loss @ 144.46 in case the stock turns against the trade. 144.8 is the first level of resistance above 141.83, and by rule, any break above resistance is a buy signal. In this case, 144.8, 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 144.8, target 136.93, Stop Loss @ 145.14. Details

The technical summary data is suggesting a short of ATKR if it tests 144.8 with a downside target of 136.93. We should have a stop loss in place at 145.14 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, 144.8, 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 July 19:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	136.93
P2	144.8	146.37	157.78
P3	149.97	154.44	179.77

AI Generated Signals for ATKR

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This Atkore Inc. (NASDAQ: ATKR) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ATKR 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 ATKR too.  All of these are offered below the Summary Table.