Learn to Evaluate (RLI) using the Charts
October 08, 2024, 16:22 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RLI
- Buy RLI near 151.79 target 158.02 stop loss @ 151.35 Details
The technical summary data tells us to buy RLI near 151.79 with an upside target of 158.02. This data also tells us to set a stop loss @ 151.35 to protect against excessive loss in case the stock begins to move against the trade. 151.79 is the first level of support below 152.1 , and by rule, any test of support is a buy signal. In this case, support 151.79 is being tested, a buy signal would exist.
- Short RLI slightly under 158.02, target 151.79, stop loss @ 158.48 Details
The technical summary data is suggesting a short of RLI as it gets near 158.02 with a downside target of 151.79. We should have a stop loss in place at 158.48though. 158.02 is the first level of resistance above 152.1, and by rule, any test of resistance is a short signal. In this case, if resistance 158.02 is being tested, a short signal would exist.
Swing Trading Plans for RLI
- Buy RLI slightly over 155.44, target 158.02, Stop Loss @ 154.99 Details
If 155.44 begins to break higher, the technical summary data tells us to buy RLI just slightly over 155.44, with an upside target of 158.02. The data also tells us to set a stop loss @ 154.99 in case the stock turns against the trade. 155.44 is the first level of resistance above 152.1, and by rule, any break above resistance is a buy signal. In this case, 155.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RLI slightly near 155.44, target 151.79, Stop Loss @ 155.89. Details
The technical summary data is suggesting a short of RLI if it tests 155.44 with a downside target of 151.79. We should have a stop loss in place at 155.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 155.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RLI
- Buy RLI slightly over 154.14, target 155.44, Stop Loss @ 153.78 Details
If 154.14 begins to break higher, the technical summary data tells us to buy RLI just slightly over 154.14, with an upside target of 155.44. The data also tells us to set a stop loss @ 153.78 in case the stock turns against the trade. 154.14 is the first level of resistance above 152.1, and by rule, any break above resistance is a buy signal. In this case, 154.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RLI slightly near 154.14, target 151.79, Stop Loss @ 154.5. Details
The technical summary data is suggesting a short of RLI if it tests 154.14 with a downside target of 151.79. We should have a stop loss in place at 154.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 154.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Rli Corp. (de) (RLI) available here: RLI.
RLI Ratings for October 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
145.41 |
| P2 |
154.14 |
155.44 |
151.79 |
| P3 |
157.87 |
159.14 |
158.02 |
AI Generated Signals for RLI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Rli Corp. (de) (NYSE: RLI) report below can help you understand how to do this. The trading plans for RLI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RLI:
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