When the Price of (RLI) Talks, People Listen
August 21, 2024, 20:26 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RLI
- Buy RLI slightly over 147.13 target 153.11 stop loss @ 146.71 Details
The technical summary data tells us to buy RLI near 147.13 with an upside target of 153.11. This data also tells us to set a stop loss @ 146.71 to protect against excessive loss in case the stock begins to move against the trade. 147.13 is the first level of support below 149.69 , and by rule, any test of support is a buy signal. In this case, support 147.13 is being tested, a buy signal would exist.
- Short RLI slightly under 153.11, target 147.13, stop loss @ 153.55 Details
The technical summary data is suggesting a short of RLI as it gets near 153.11 with a downside target of 147.13. We should have a stop loss in place at 153.55though. 153.11 is the first level of resistance above 149.69, and by rule, any test of resistance is a short signal. In this case, if resistance 153.11 is being tested, a short signal would exist.
Swing Trading Plans for RLI
- Buy RLI slightly over 151.07, target 153.11, Stop Loss @ 150.63 Details
If 151.07 begins to break higher, the technical summary data tells us to buy RLI just slightly over 151.07, with an upside target of 153.11. The data also tells us to set a stop loss @ 150.63 in case the stock turns against the trade. 151.07 is the first level of resistance above 149.69, and by rule, any break above resistance is a buy signal. In this case, 151.07, 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 151.07, target 148.4, Stop Loss @ 151.51. Details
The technical summary data is suggesting a short of RLI if it tests 151.07 with a downside target of 148.4. We should have a stop loss in place at 151.51 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, 151.07, 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 149.95, target 151.07, Stop Loss @ 149.6 Details
If 149.95 begins to break higher, the technical summary data tells us to buy RLI just slightly over 149.95, with an upside target of 151.07. The data also tells us to set a stop loss @ 149.6 in case the stock turns against the trade. 149.95 is the first level of resistance above 149.69, and by rule, any break above resistance is a buy signal. In this case, 149.95, 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 149.95, target 149, Stop Loss @ 150.3. Details
The technical summary data is suggesting a short of RLI if it tests 149.95 with a downside target of 149. We should have a stop loss in place at 150.3 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, 149.95, 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 August 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
140.83 |
| P2 |
149 |
148.4 |
147.13 |
| P3 |
149.95 |
151.07 |
153.11 |
AI Generated Signals for RLI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Rli Corp. (de) (NYSE: RLI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for RLI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RLI:
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