December 23, 2024, 5:00 AM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for ALGT

• Buy ALGT near 74.28. Target – stop loss at 74.07. Details

The technical summary data tells us to buy ALGT near 74.28, 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 at 74.07 to protect ourselves from excessive losses if the stock starts moving against the trade. 74.28 is the first level of support below 84.47 and basically any test of support is a buy signal. In this case, if the support 74.28 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 ALGT

• Buy ALGT slightly above 88.06, target n/a, stop loss at 87.81 Details

If 88.06 starts to break higher, the technical summary data tells us to buy ALGT just above 88.06 with an upside target of $n/a. The data also tells us to set a stop loss at 87.81 in case the stock turns against the trade. 88.06 is the first resistance level above 84.47 and basically any break above resistance is a buy signal. In this case, 88.06, 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 ALGT slightly near 88.06, target 82.18, stop loss at 88.31. Details

Technical summary data suggests ALGT should be short if it tests 88.06, with a downside target of 82.18. However, we should have a stop loss at 88.31 in case the stock starts moving against the trade. Basically, every resistance test is a short signal. In this case, if resistance 88.06 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.

Daily trading plans for ALGT

• Buy ALGT slightly above 84.61, target 88.06, stop loss at 84.41 Details

If 84.61 starts to break higher, the technical summary data tells us to buy ALGT just above 84.61 with an upside target of 88.06. The data also tells us to set a stop loss at 84.41 in case the stock turns against the trade. 84.61 is the first resistance level above 84.47, and basically any break above resistance is a buy signal. In this case, 84.61, 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 ALGT slightly near 84.61, target 82.18, stop loss at 84.81. Details

Technical summary data suggests ALGT should be short if it tests 84.61, with a downside target of 82.18. However, we should have a stop loss at 84.81 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 84.61 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 Allegiant travel company (ALGT) available here: ALGT.

ALGT ratings for December 23rd:

term →	Vicinity	center	Long
Evaluation	Weak	Strong	Weak
P1	0	0	39.65
P2	81.41	82.18	56.49
P3	84.61	88.06	74.28

AI generated signals for ALGT

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The Allegiant travel company (NASDAQ: ALGT) trading report contains analysis also used by some of the largest funds in the world. Take a close look at the technical findings.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for ALGT 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 ALGT 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 ALGT. All of this is offered below the overview table.