Learn to Evaluate Dover Corp ($DOV) using the Charts
September 26, 2023, 13:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOV
- Buy DOV slightly over 138.05 target 147.67 stop loss @ 137.65 Details
The technical summary data tells us to buy DOV near 138.05 with an upside target of 147.67. This data also tells us to set a stop loss @ 137.65 to protect against excessive loss in case the stock begins to move against the trade. 138.05 is the first level of support below 140.665 , and by rule, any test of support is a buy signal. In this case, support 138.05 would be being tested, so a buy signal would exist.
- Short DOV slightly under 147.67, target 138.05, stop loss @ 148.1 Details
The technical summary data is suggesting a short of DOV as it gets near 147.67 with a downside target of 138.05. We should have a stop loss in place at 148.1though. 147.67 is the first level of resistance above 140.665, and by rule, any test of resistance is a short signal. In this case, if resistance 147.67 is being tested, so a short signal would exist.
Swing Trading Plans for DOV
- Buy DOV slightly over 141.49, target 145.03, Stop Loss @ 141.08 Details
If 141.49 begins to break higher, the technical summary data tells us to buy DOV just slightly over 141.49, with an upside target of 145.03. The data also tells us to set a stop loss @ 141.08 in case the stock turns against the trade. 141.49 is the first level of resistance above 140.665, and by rule, any break above resistance is a buy signal. In this case, 141.49, 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 DOV slightly near 141.49, target 138.05, Stop Loss @ 141.9. Details
The technical summary data is suggesting a short of DOV if it tests 141.49 with a downside target of 138.05. We should have a stop loss in place at 141.9 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, 141.49, 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 DOV
- Buy DOV slightly over 141.49, target 142.78, Stop Loss @ 141.16 Details
If 141.49 begins to break higher, the technical summary data tells us to buy DOV just slightly over 141.49, with an upside target of 142.78. The data also tells us to set a stop loss @ 141.16 in case the stock turns against the trade. 141.49 is the first level of resistance above 140.665, and by rule, any break above resistance is a buy signal. In this case, 141.49, 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 DOV slightly near 141.49, target 140.38, Stop Loss @ 141.82. Details
The technical summary data is suggesting a short of DOV if it tests 141.49 with a downside target of 140.38. We should have a stop loss in place at 141.82 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, 141.49, 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 Dslightly over Corp (DOV) available here: DOV.
DOV Ratings for September 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
138.05 |
| P2 |
140.38 |
141.49 |
147.67 |
| P3 |
142.78 |
145.03 |
157.84 |
AI Generated Signals for DOV
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 Dover Corp (NYSE: DOV) report below can help you understand how to do this. The trading plans for DOV, 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 DOV:
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