US00508Y1029 - Common Stock - After market: 188.29 0 (0%)
Taking everything into account, AYI scores 7 out of 10 in our technical rating. Although AYI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AYI 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 188.31. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AYI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @190.89. This is a Buy Stop order right above the resistance zone.||An exit @182.24. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 8.65 points, which is 4.53%.||When investing 22.07% of your capital in this trade, your total portfolio risk will be 1.00%.|
NYSE:AYI (11/30/2022, 3:27:38 PM)+0.41 (+0.22%)
|GICS Industry||Electrical Equipment|
|2 Weeks||-1.54%||1 Month||1.54%|
|3 Month||17.57%||6 Month||4.52%|
|ATR Inc||-12.67%||Range Today||7.66|
|ST Trend||LT Trend|
|10 Day High||193.33||10 Day Low||179.75|
|20 Day High||198.85||20 Day Low||176.15|
|52 Week High||220.97||52 Week Low||142.71|
|CS1 End||182.25||CR1 Start||188.31|
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