AYRO - Why the Technicals for Ayro Inc #AYRO can be More Revealing than the Fundamentals
#technicalanalysis provides insights that #fundamentalanalysis cannot. We can use that to our #advantage in Ayro Inc (NASDAQ: AYRO). Using the data offered below we have a real-time example. Review The technical data for AYRO 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 | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 5.28 | |||
| P2 | |||
| 4.41 | |||
| 4.49 | |||
| 7.08 | |||
| P3 | |||
| 4.69 | |||
| 5.18 | |||
| 9.55 |
Long Term Trading Plans for AYRO
May 10, 2021, 8:30 am ET
The Technical Summary and Trading Plans for AYRO 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 AYRO Report.
AYRO - (Long) Support Plan
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.
AYRO - (Short) Resistance Plan
The technical summary data is suggesting a short of AYRO as it gets near 5.28, 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 5.3. 5.28 is the first level of resistance above 4.71, and by rule, any test of resistance is a short signal. In this case, if resistance 5.28 is being tested, so a short signal would exist.