Learn to Evaluate (NRP) using the Charts
October 23, 2024, 12:40 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NRP
- Buy NRP near 88.84 target 96.5 stop loss @ 88.58 Details
The technical summary data tells us to buy NRP near 88.84 with an upside target of 96.5. This data also tells us to set a stop loss @ 88.58 to protect against excessive loss in case the stock begins to move against the trade. 88.84 is the first level of support below 96.26 , and by rule, any test of support is a buy signal. In this case, support 88.84 would be being tested, so a buy signal would exist.
- Short NRP slightly under 96.5, target 88.84, stop loss @ 96.78 Details
The technical summary data is suggesting a short of NRP as it gets near 96.5 with a downside target of 88.84. We should have a stop loss in place at 96.78though. 96.5 is the first level of resistance above 96.26, and by rule, any test of resistance is a short signal. In this case, if resistance 96.5 is being tested, so a short signal would exist.
Swing Trading Plans for NRP
- Buy NRP slightly over 96.5, target 97.47, Stop Loss @ 96.22 Details
If 96.5 begins to break higher, the technical summary data tells us to buy NRP just slightly over 96.5, with an upside target of 97.47. The data also tells us to set a stop loss @ 96.22 in case the stock turns against the trade. 96.5 is the first level of resistance above 96.26, and by rule, any break above resistance is a buy signal. In this case, 96.5, 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 NRP slightly near 96.5, target 94.73, Stop Loss @ 96.78. Details
The technical summary data is suggesting a short of NRP if it tests 96.5 with a downside target of 94.73. We should have a stop loss in place at 96.78 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, 96.5, 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 NRP
- Buy NRP slightly over 96.5, target 97.13, Stop Loss @ 96.27 Details
If 96.5 begins to break higher, the technical summary data tells us to buy NRP just slightly over 96.5, with an upside target of 97.13. The data also tells us to set a stop loss @ 96.27 in case the stock turns against the trade. 96.5 is the first level of resistance above 96.26, and by rule, any break above resistance is a buy signal. In this case, 96.5, 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 NRP slightly near 96.5, target 95.27, Stop Loss @ 96.73. Details
The technical summary data is suggesting a short of NRP if it tests 96.5 with a downside target of 95.27. We should have a stop loss in place at 96.73 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, 96.5, 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 Natural Resource Partners Lp Limited Partnership (NRP) available here: NRP.
NRP Ratings for October 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
88.84 |
| P2 |
95.27 |
94.73 |
96.5 |
| P3 |
97.13 |
97.47 |
104.27 |
AI Generated Signals for NRP
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 Natural Resource Partners Lp Limited Partnership (NYSE: NRP) report below can help you understand how to do this. The trading plans for NRP, 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 NRP:
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