(RLI) Investment Analysis and Advice

September 17, 2024, 03:24 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RLI

• Buy RLI slightly over 149.5 target 155.41 stop loss @ 149.07 Details

The technical summary data tells us to buy RLI near 149.5 with an upside target of 155.41. This data also tells us to set a stop loss @ 149.07 to protect against excessive loss in case the stock begins to move against the trade. 149.5 is the first level of support below 152.23 , and by rule, any test of support is a buy signal. In this case, support 149.5 is being tested, a buy signal would exist.

• Short RLI slightly under 155.41, target 149.5, stop loss @ 155.86 Details

The technical summary data is suggesting a short of RLI as it gets near 155.41 with a downside target of 149.5. We should have a stop loss in place at 155.86though. 155.41 is the first level of resistance above 152.23, and by rule, any test of resistance is a short signal. In this case, if resistance 155.41 is being tested, a short signal would exist.

Swing Trading Plans for RLI

• Buy RLI slightly over 152.54, target 155.41, Stop Loss @ 152.1 Details

If 152.54 begins to break higher, the technical summary data tells us to buy RLI just slightly over 152.54, with an upside target of 155.41. The data also tells us to set a stop loss @ 152.1 in case the stock turns against the trade. 152.54 is the first level of resistance above 152.23, and by rule, any break above resistance is a buy signal. In this case, 152.54, 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 152.54, target 149.5, Stop Loss @ 152.98. Details

The technical summary data is suggesting a short of RLI if it tests 152.54 with a downside target of 149.5. We should have a stop loss in place at 152.98 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, 152.54, 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 152.54, target 153, Stop Loss @ 152.18 Details

If 152.54 begins to break higher, the technical summary data tells us to buy RLI just slightly over 152.54, with an upside target of 153. The data also tells us to set a stop loss @ 152.18 in case the stock turns against the trade. 152.54 is the first level of resistance above 152.23, and by rule, any break above resistance is a buy signal. In this case, 152.54, 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 152.54, target 149.86, Stop Loss @ 152.9. Details

The technical summary data is suggesting a short of RLI if it tests 152.54 with a downside target of 149.86. We should have a stop loss in place at 152.9 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, 152.54, 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 September 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	143.24
P2	149.86	149.2	149.5
P3	153	152.54	155.41

AI Generated Signals for RLI

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Prudent Investment Analysis requires observations of the support and resistance levels for Rli Corp. (de) (NYSE: RLI) too.  These define prudent trading plans.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RLI 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 RLI too.  All of these are offered below the Summary Table.