(RRX) Proactive Strategies

November 25, 2024, 12:44 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RRX

• Buy RRX near 166.77 target 186.62 stop loss @ 166.29 Details

The technical summary data tells us to buy RRX near 166.77 with an upside target of 186.62. This data also tells us to set a stop loss @ 166.29 to protect against excessive loss in case the stock begins to move against the trade. 166.77 is the first level of support below 179.59 , and by rule, any test of support is a buy signal. In this case, support 166.77 is being tested, a buy signal would exist.

• Short RRX slightly under 186.62, target 166.77, stop loss @ 187.16 Details

The technical summary data is suggesting a short of RRX as it gets near 186.62 with a downside target of 166.77. We should have a stop loss in place at 187.16though. 186.62 is the first level of resistance above 179.59, and by rule, any test of resistance is a short signal. In this case, if resistance 186.62 is being tested, a short signal would exist.

Swing Trading Plans for RRX

• Buy RRX slightly over 186.62, target n/a, Stop Loss @ 186.08 Details

If 186.62 begins to break higher, the technical summary data tells us to buy RRX just slightly over 186.62, with an upside target of n/a. The data also tells us to set a stop loss @ 186.08 in case the stock turns against the trade. 186.62 is the first level of resistance above 179.59, and by rule, any break above resistance is a buy signal. In this case, 186.62, 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 RRX slightly near 186.62, target 174.76, Stop Loss @ 187.16. Details

The technical summary data is suggesting a short of RRX if it tests 186.62 with a downside target of 174.76. We should have a stop loss in place at 187.16 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, 186.62, 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 RRX

• Buy RRX slightly over 186.62, target n/a, Stop Loss @ 186.18 Details

If 186.62 begins to break higher, the technical summary data tells us to buy RRX just slightly over 186.62, with an upside target of n/a. The data also tells us to set a stop loss @ 186.18 in case the stock turns against the trade. 186.62 is the first level of resistance above 179.59, and by rule, any break above resistance is a buy signal. In this case, 186.62, 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 RRX slightly near 186.62, target 178.23, Stop Loss @ 187.06. Details

The technical summary data is suggesting a short of RRX if it tests 186.62 with a downside target of 178.23. We should have a stop loss in place at 187.06 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, 186.62, 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 Regal Rexnord Corporation (RRX) available here: RRX.

RRX Ratings for November 25:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	146.14
P2	173.69	167.72	166.77
P3	178.23	174.76	186.62

AI Generated Signals for RRX

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Don't over think it!  Trading Regal Rexnord Corporation (NYSE: RRX) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RRX 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 RRX 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 RRX too.  All of these are offered below the Summary Table.