Technical Analysis

Longer Term Trading Plans for ASR

• 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 ASR slightly under 295.18, target n/a, stop loss @ 296.03 Details

The technical summary data is suggesting a short of ASR as it gets near 295.18, 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 296.03. 295.18 is the first level of resistance above 287.09, and by rule, any test of resistance is a short signal. In this case, if resistance 295.18 is being tested, so a short signal would exist.

Swing Trading Plans for ASR

• Buy ASR slightly over 295.18, target 324.41, Stop Loss @ 294.33 Details

If 295.18 begins to break higher, the technical summary data tells us to buy ASR just over 295.18, with an upside target of 324.41. The data also tells us to set a stop loss @ 294.33 in case the stock turns against the trade. 295.18 is the first level of resistance above 287.09, and by rule, any break above resistance is a buy signal. In this case, 295.18, 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 ASR slightly near 295.18, target 284.16, Stop Loss @ 296.03. Details

The technical summary data is suggesting a short of ASR if it tests 295.18 with a downside target of 284.16. We should have a stop loss in place at 296.03 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, 295.18, 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 ASR

• Buy ASR slightly over 288.11, target 295.18, Stop Loss @ 287.44 Details

If 288.11 begins to break higher, the technical summary data tells us to buy ASR just over 288.11, with an upside target of 295.18. The data also tells us to set a stop loss @ 287.44 in case the stock turns against the trade. 288.11 is the first level of resistance above 287.09, and by rule, any break above resistance is a buy signal. In this case, 288.11, 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 ASR slightly near 288.11, target 284.16, Stop Loss @ 288.78. Details

The technical summary data is suggesting a short of ASR if it tests 288.11 with a downside target of 284.16. We should have a stop loss in place at 288.78 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, 288.11, 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.

ASR Technical Summary | Raw Data for the Trading Plans