January 26, 2023, 00:00 am ET, BY Bill T. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DJI
- Buy DJI slightly over 32116.76 target 34062.68 stop loss @ 32024.01 Details
The technical summary data tells us to buy DJI near 32116.76 with an upside target of 34062.68. This data also tells us to set a stop loss @ 32024.01 to protect against excessive loss in case the stock begins to move against the trade. 32116.76 is the first level of support below 33743.8 , and by rule, any test of support is a buy signal. In this case, support 32116.76 is being tested, a buy signal would exist.
- Short DJI slightly under 34062.68, target 32116.76, stop loss @ 34161.05 Details
The technical summary data is suggesting a short of DJI as it gets near 34062.68 with a downside target of 32116.76. We should have a stop loss in place at 34161.05though. 34062.68 is the first level of resistance above 33743.8, and by rule, any test of resistance is a short signal. In this case, if resistance 34062.68 is being tested, a short signal would exist.
Swing Trading Plans for DJI
- Buy DJI slightly over 33803.55, target 34062.68, Stop Loss @ 33705.93 Details
If 33803.55 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33803.55, with an upside target of 34062.68. The data also tells us to set a stop loss @ 33705.93 in case the stock turns against the trade. 33803.55 is the first level of resistance above 33743.8, and by rule, any break above resistance is a buy signal. In this case, 33803.55, 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 DJI slightly near 33803.55, target 33086.45, Stop Loss @ 33901.17. Details
The technical summary data is suggesting a short of DJI if it tests 33803.55 with a downside target of 33086.45. We should have a stop loss in place at 33901.17 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, 33803.55, 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 DJI
- Buy DJI slightly over 33803.55, target 33935.72, Stop Loss @ 33724.69 Details
If 33803.55 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33803.55, with an upside target of 33935.72. The data also tells us to set a stop loss @ 33724.69 in case the stock turns against the trade. 33803.55 is the first level of resistance above 33743.8, and by rule, any break above resistance is a buy signal. In this case, 33803.55, 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 DJI slightly near 33803.55, target 33605.28, Stop Loss @ 33882.41. Details
The technical summary data is suggesting a short of DJI if it tests 33803.55 with a downside target of 33605.28. We should have a stop loss in place at 33882.41 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, 33803.55, 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 Dow Jones 30 Industrials (DJI) available here: DJI.
DJI Ratings for January 26:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
29990.50 |
P2 |
33605.28 |
33086.45 |
32116.76 |
P3 |
33935.72 |
33803.55 |
34062.68 |
AI Generated Signals for DJI
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for DJI: