How to take advantage of features in (ALGT)

December 23, 2024, 05:00 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow along on LinkedIn)

Long-term trading plans for ALGT

• Buy ALGT near 74.28 target n/a stop loss @ 74.07. Details

The summary technical data tells us to buy ALGT near 74.28, but there is no current upside target from the summary table. In this case, we should wait until either an update of 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 to set a stop loss of 74.07 to protect against excessive loss if the stock starts to move against the trade. 74.28 is the first level of support below 84.47 and usually any test of support is a buy signal. In this case, if support 74.28 is tested, a buy signal will exist.

• NONE. Details

NONE.
There are no current resistance levels from the overview table and therefore no short resistance plans telling us to short resistance tests. Resistance levels have broken higher and unless the stock bounces back lower and below support levels again, short positions look risky.

Swing Trading Plans for ALGT

• Buy ALGT just above 88.06, target n/a, Stop Loss @ 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 @ 87.81 in case the stock reverses the trade. 88.06 is the first level of resistance above 84.47 and usually any break above resistance is a buy signal. In this case, 88.06, initial resistance, would break higher, so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short ALGT a bit close to 88.06, target 82.18, Stop Loss @ 88.31. Details

The technical summary data suggests that ALGT is missing if it tests 88.06 with a downside target of 82.18. We should have a stop loss in place at 88.31 however in case the stock starts to move towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, 88.06, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Day trading plans for ALGT

• Buy ALGT just above 84.61, target 88.06, Stop Loss @ 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 @ 84.41 in case the stock reverses the trade. 84.61 is the first level of resistance above 84.47 and usually any break above resistance is a buy signal. In this case, 84.61, initial resistance, would break higher, so a buy signal would exist. Because this plan is based on a resistance breakout, it is referred to as a long resistance plan.

• Short ALGT a bit close to 84.61, target 82.18, Stop Loss @ 84.81. Details

The summary technical data suggests that ALGT is in deficit if it tests 84.61 with a downside target of 82.18. We should have a stop loss in place at 84.81 however in case the stock starts to move towards the trade. As a rule, any resistance test is a short signal. In this case, if resistance, 84.61, is tested, a short signal will exist. Because this plan is a short plan based on a resistance test, it is referred to as a short resistance plan.

Check the time stamp on this data. Updated AI generated signals to Allegiant Travel Company (ALGT) available here: EVERYTHING.

ALGT ratings for December 23:

Term →	Near	Middle	Long
Assessment	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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This Allegiant Travel Company (NASDAQ: ALGT) trading report contains analysis that is also used by some of the largest funds in the world. Review the technical takeaways carefully.

Warning:

This is a static report, the data below 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 governing the data in this report are the rules for Technical Analysis. For example, if ALGT is testing support, buy signals appear and resistance is the target. Conversely, if resistance is tested, it is a sign to check risk or short, and support would be downside targets accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and also act as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish between trading plans for Day Trading, Swing Trading and long-term investment plans for ALGT as well. All of these are offered below the overview table.