ADS - Why the Technicals for Alliance Data Systems can be More Revealing than the Fundamentals
Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Alliance Data Systems (NYSE: ADS). Using the data offered below we have a real-time example. Review The technical data for ADS below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 74.68 | |||
| P2 | |||
| 105.13 | |||
| 110.71 | |||
| 86.49 | |||
| P3 | |||
| 110.50 | |||
| 118.48 | |||
| 100.16 |
Long Term Trading Plans for ADS
March 23, 2021, 7:30 pm 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 100.16, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 99.87 to protect against excessive loss in case the stock begins to move against the trade. 100.16 is the first level of support below 105.54, and by rule, any test of support is a buy signal. In this case, if support 100.16 is being tested, a buy signal would exist.
ADS - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.