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AAON, Inc.AAON, Inc.AAON, Inc.

AAON, Inc.

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AAON trade ideas

AAON (AAON Inc.) – 30-Min Short Trade Setup!📉 🚀 🔹 Asset: AAON Inc. (AAON) 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Bearish Breakdown Trade 📌 Trade Plan (Short Position) ✅ Entry Zone: Below $79.84 (Breakdown Confirmation) ✅ Stop-Loss (SL): Above $87.35 (Invalidation Level) 🎯 Take Profit Targets: 📌 TP1: $73.33 (First Support Level) 📌 TP2: $64.83 (Extended Bearish Move) 📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): $87.35 - $79.84 = $7.51 risk per unit 📈 Reward to TP1: $79.84 - $73.33 = $6.51 (1:0.87 R/R) 📈 Reward to TP2: $79.84 - $64.83 = $15.01 (1:2.00 R/R) 💡 Favorable Risk-Reward Setup – Aiming for a 1:2.00 R/R at TP2. 🔍 Technical Analysis & Strategy 📌 Bearish Rising Wedge Breakdown – Price has broken below an ascending support line. 📌 Weak Buying Pressure – Struggling to hold above $79.84, signaling seller dominance. 📌 Volume Confirmation Needed – Increased selling pressure below $79.84 will confirm the downside move. 📌 Momentum Shift Expected – Breakdown below $79.84 can push price to $73.33, then $64.83. 📊 Key Resistance & Support Levels 🔴 $87.35 – Stop-Loss / Resistance Level 🟡 $79.84 – Breakdown Level / Short Entry ⚪ $73.33 – First Target / TP1 🟢 $64.83 – Final Target / TP2 📉 Trade Execution & Risk Management 📊 Volume Confirmation – Ensure strong selling pressure below $79.84 before entering. 📉 Trailing Stop Strategy – Move SL to breakeven ($79.84) after hitting TP1 ($73.33). 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at $73.33, let the rest run to $64.83. ✔ Adjust SL to breakeven ($79.84) after TP1 is hit. ⚠️ Fake Breakdown Risk: ❌ If price moves back above $79.84, exit early to limit losses. ❌ Wait for a strong bearish candle close before entering aggressively. 🚀 Final Thoughts ✔ Bearish Setup – Breakdown signals downside potential. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:2.00 R/R to TP2. 💡 Stick to the plan, manage risk, and trade smart! 📉🔥 🔗 Hashtags for Engagement: #AAON 📉 #StockTrading 📊 #TradingNews 📉 #MarketUpdate 🔥 #Investing 💰 #ShortTrade 📉 #Stocks 📈 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bearish 📉 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakdown 🚀
NASDAQ:AAONShort
by ProfittoPath
AAON possible short AAON is due for a pull back. Please see the Monthly chart. • Almost every time the momentum oscillator reaches about 79 level, there is a major pullback. • There is an upwards sloping parallel channel that started 11/7/22. About 70% of these eventually break down. It reached the top of the parallel channel a few days ago, but 1 more push up will put it there again and with the Momentum oscillator probably close to target level. Please see the 4-hour chart. • The top may have already been put in. However, this still (in my opinion) may be a good starter position. • You may want to consider looking for additional places to enter. These might include going back to the top of the parallel channel, double top of all time high, or a price/RSI divergence on the 1-hour chart. Take profit targets: First of all, please use a stop loss, especially if you get into a profitable position. Lock in the gains. Target 1: The previous major high pivot of 4/29/24 which is $96.34 Target 2: Trend line at $96.34, which was the previous resistance level, which could become support. Target 3: The trend line at $71.39, which is also a Fibonacci 0.5 retracement level. There is also a major upsloping trendline that will act as support is the timing is right and these level intersect with the price.
NASDAQ:AAON
by Box-Man
1
AAON Inc Reports Record Net Sales and Gross ProfitsAAON Inc (NASDAQ:AAON) reports a 28.6% increase in net sales for Q3 2023, reaching $312.0 million. Gross profit margin for the quarter rose to 37.2%, up from 27.0% in Q3 2022. Net income for the quarter was $48.1 million, a 75.0% increase compared to the prior year quarter. AAON's backlog at the end of Q3 2023 was $490.6 million, down 4.7% from $514.7 million a year ago. AAON Inc (NASDAQ:AAON), a leading provider of HVAC solutions, announced its third-quarter results for 2023 on November 6, 2023. The company reported record net sales and gross profits for the second consecutive quarter, with all three segments performing well. The AAON Oklahoma and BASX segments saw robust double-digit organic net sales growth and record gross profits, while the AAON Coil Products segment recorded its highest profits over the last four quarters. Financial Highlights Net sales for the third quarter of 2023 increased by 28.6% to $312.0 million, up from $242.6 million in the third quarter of 2022. This marks the seventh straight quarter of record sales in the company's history. The gross profit margin for the quarter increased to 37.2%, up from 27.0% in the same quarter in 2022 and up from 33.1% in the previous quarter. Net income for the quarter was $48.1 million, an increase of $20.6 million or 75.0% compared to the prior year quarter. Performance Analysis AAON's strong performance in the third quarter was driven by improved productivity across all three segments, incremental pricing, and improved overhead absorption. The company's manufacturing teams improved the efficiency of operations while continuing to add production capacity. Supply chain disruptions, which had been a concern in previous quarters, continued to abate, contributing to the rising production rates. Backlog and Future Outlook The company finished the third quarter of 2023 with a backlog of $490.6 million, down 4.7% from $514.7 million a year ago, and down from $526.2 million at the end of the second quarter of 2023. Despite the decrease in backlog, AAON remains optimistic about the future. The company anticipates that upcoming new refrigerant regulations will disrupt the industry in 2024, which AAON views as a positive opportunity to gain market share. Financial Position As of September 30, 2023, the company had cash, cash equivalents, and restricted cash of $22.5 million and a balance of $78.4 million on the revolving credit facility. The company's balance sheet remains strong with a current ratio of 3.0 and a leverage ratio of 0.33. Price Momentum AAON is trading in the middle of its 52-week range and near its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, and the stock is still trying to generate some momentum. This is a Positive sign for the stock's future value.
NASDAQ:AAONLong
by DEXWireNews
AAON at epic opportunity NASDAQ:AAON Just noticed this stock and this great opportunity. those position I like the most because you catch them at the start and can take high profit from just solid trend. I have multiply reason to buy this stock: Uptrend - this stock keeps going up few months now, just move up your stop command once in several weeks, and its a great profit. very strong support level - as you can see, the support level gave me confident along this year so now after it send this stock back up, I am pretty sure this is going up this time too. Perfect channel - the channel stayed storng since the COVID-19 came to our life, so I can realy lean on it. Ensure candle - just saw the stocks signals that is going up according to the 3 points above, so I realy trust it. I will put my position with 'take profit' at the top of the channel, and my stop not that far down. If it will stay that solid I probebly will come to another money maker from that stock. Of course, trading this stock is by your own risk. keep trade well.
NASDAQ:AAONLong
by omer12345678
1
AAON Breakout to All-Time HighIn this chart we're looking at AAON on the 1D chart as price has consolidated into a rectangle. Price has broken out through the horizontal boundary at $52.50 and has confirmed the breakout by breaking through the $53.29 area. This rectangle has a price target of around $61.67 for about a ~17.5% gain. This chart pattern breakout is occurring above the 200EMA, so the probability for price continuing to the upside is even higher. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NASDAQ:AAONLong
by TheLuckyS7ven