ADS - How to Develop Trading Plans for Alliance Data Systems and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Alliance Data Systems (NYSE: ADS) to foretell upcoming changes. A current example is provided below. There are trading plans for ADS, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Weak | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 84.09 | |||
| P2 | |||
| 103.56 | |||
| 103.12 | |||
| 98.04 | |||
| P3 | |||
| 107.88 | |||
| 107.09 | |||
| 113.77 |
Long Term Trading Plans for ADS
April 21, 2021, 7:15 am ET
The Technical Summary and Trading Plans for ADS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ADS Report.
ADS - (Long) Support Plan
The technical summary data tells us to buy ADS near 98.04 with an upside target of 113.77. This data also tells us to set a stop loss @ 97.76 to protect against excessive loss in case the stock begins to move against the trade. 98.04 is the first level of support below 102.01 , and by rule, any test of support is a buy signal. In this case, support 98.04 is being tested, a buy signal would exist.
ADS - (Short) Resistance Plan
The technical summary data is suggesting a short of ADS as it gets near 113.77 with a downside target of 98.04. We should have a stop loss in place at 114.1though. 113.77 is the first level of resistance above 102.01, and by rule, any test of resistance is a short signal. In this case, if resistance 113.77 is being tested, a short signal would exist.