Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Overall ACT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ACT has proven to be a steady performer, scoring decent points in every aspect analyzed.
ACT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.03, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
30.83
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice one important area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
37.34 | 35.00 | 2.34 (6.27%) | 15.96% |
An entry @37.34. This is a Buy Stop order right above the resistance zone. | An exit @35.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.34 points, which is 6.27%. | For a 1.00% total portfolio risk, you can invest 15.96% of your capital in this trade. |