(CAR) trading signals

November 30, 2024, 11:18 PM ET, BY Robert S. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for CAR

• Buy CAR near target 94.39, no stop loss at 94.12. Details

The technical summary data tells us to buy CAR near 94.39, but there is no current upside target in 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 each trading day) or until the position has been stopped. The data tells us that we should set a stop loss of 94.12 to protect ourselves from excessive losses in case the stock starts moving against the trade. 94.39 is the first level of support below 109.07 and basically any test of support is a buy signal. In this case, if the support 94.39 is tested, a buy signal would be present.

• NO. Details

NO.
There are no current resistance levels from the summary table and therefore there are no short resistance plans telling us to short on resistance tests. The resistance levels have broken to the upside and if the stock does not move back down and below the support levels, short positions look risky.

Swing trading plans for CAR

• Buy CAR slightly above 111.62, target n/a, stop loss at 111.3 Details

If 111.62 starts to break higher, the technical summary data tells us to buy CAR just above 111.62 with an upside target of n/a. The data also tells us to set a stop loss at 111.3 in case the stock turns against the trade. 111.62 is the first resistance level above 109.07 and basically any break above resistance is a buy signal. In this case, 111.62, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CAR slightly near 111.62, target 103.57, stop loss at 111.94. Details

Technical summary data suggests short CAR if it tests 111.62, with a downside target of 103.57. However, we should have a stop loss at 111.94 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 111.62 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for CAR

• Buy CAR just above 111.62, target 112.88, stop loss at 111.36 Details

If 111.62 starts to break higher, the technical summary data tells us to buy CAR just above 111.62 with an upside target of 112.88. The data also tells us to set a stop loss at 111.36 in case the stock turns against the trade. 111.62 is the first resistance level above 109.07 and basically any break above resistance is a buy signal. In this case, 111.62, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CAR slightly near 111.62, target 108.97, stop loss at 111.88. Details

Technical summary data suggests shorting CAR if it tests 111.62, with a downside target of 108.97. However, we should have a stop loss at 111.88 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 111.62 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Avis Budget Group Inc. (CAR) available here: CAR.

CAR ratings for November 30th:

AI-generated signals for CAR

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Trade Avis Budget Group Inc. (NYSE: CAR) can be efficient and rewarding, especially in volatile markets, as long as the key pivot points for the stock are observed before making decisions to buy, sell or short.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for CAR change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when CAR tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for CAR. All of this is offered below the overview table.