(RBC) Technical Data

March 15, 2024, 04:48 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RBC

• Buy RBC slightly over 250.72 target 270.31 stop loss @ 250 Details

The technical summary data tells us to buy RBC near 250.72 with an upside target of 270.31. This data also tells us to set a stop loss @ 250 to protect against excessive loss in case the stock begins to move against the trade. 250.72 is the first level of support below 260.16 , and by rule, any test of support is a buy signal. In this case, support 250.72 would be being tested, so a buy signal would exist.

• Short RBC slightly under 270.31, target 250.72, stop loss @ 271.09 Details

The technical summary data is suggesting a short of RBC as it gets near 270.31 with a downside target of 250.72. We should have a stop loss in place at 271.09though. 270.31 is the first level of resistance above 260.16, and by rule, any test of resistance is a short signal. In this case, if resistance 270.31 is being tested, so a short signal would exist.

Swing Trading Plans for RBC

• Buy RBC slightly over 260.6, target 267.19, Stop Loss @ 259.85 Details

If 260.6 begins to break higher, the technical summary data tells us to buy RBC just slightly over 260.6, with an upside target of 267.19. The data also tells us to set a stop loss @ 259.85 in case the stock turns against the trade. 260.6 is the first level of resistance above 260.16, and by rule, any break above resistance is a buy signal. In this case, 260.6, 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 RBC slightly near 260.6, target 250.72, Stop Loss @ 261.35. Details

The technical summary data is suggesting a short of RBC if it tests 260.6 with a downside target of 250.72. We should have a stop loss in place at 261.35 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, 260.6, 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 RBC

• Buy RBC slightly over 260.6, target 261.27, Stop Loss @ 259.99 Details

If 260.6 begins to break higher, the technical summary data tells us to buy RBC just slightly over 260.6, with an upside target of 261.27. The data also tells us to set a stop loss @ 259.99 in case the stock turns against the trade. 260.6 is the first level of resistance above 260.16, and by rule, any break above resistance is a buy signal. In this case, 260.6, 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 RBC slightly near 260.6, target 250.72, Stop Loss @ 261.21. Details

The technical summary data is suggesting a short of RBC if it tests 260.6 with a downside target of 250.72. We should have a stop loss in place at 261.21 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, 260.6, 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 Rbc Bearings Incorporated (RBC) available here: RBC.

RBC Ratings for March 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	250.72
P2	261.27	260.6	270.31
P3	264.83	267.19	289.57

AI Generated Signals for RBC

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Rbc Bearings Incorporated (NYSE: RBC) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RBC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RBC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RBC too.  All of these are offered below the Summary Table.