Trading (DEO) With Integrated Risk Controls
October 21, 2024, 00:42 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DEO
- Buy DEO near 137.23 target n/a stop loss @ 136.83. Details
The technical summary data tells us to buy DEO near 137.23, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 136.83 to protect against excessive loss in case the stock begins to move against the trade. 137.23 is the first level of support below 139.41, and by rule, any test of support is a buy signal. In this case, if support 137.23 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for DEO
- Buy DEO slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy DEO just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 139.41, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 DEO slightly near n/a, target 138.43, Stop Loss @ 0. Details
The technical summary data is suggesting a short of DEO if it tests n/a with a downside target of 138.43. We should have a stop loss in place at 0 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, n/a, 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 DEO
- Buy DEO slightly over 140.12, target n/a, Stop Loss @ 139.79 Details
If 140.12 begins to break higher, the technical summary data tells us to buy DEO just slightly over 140.12, with an upside target of n/a. The data also tells us to set a stop loss @ 139.79 in case the stock turns against the trade. 140.12 is the first level of resistance above 139.41, and by rule, any break above resistance is a buy signal. In this case, 140.12, 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 DEO slightly near 140.12, target 138.43, Stop Loss @ 140.45. Details
The technical summary data is suggesting a short of DEO if it tests 140.12 with a downside target of 138.43. We should have a stop loss in place at 140.45 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, 140.12, 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 Diageo Plc (DEO) available here: DEO.
DEO Ratings for October 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
121.13 |
| P2 |
138.28 |
134.73 |
129.17 |
| P3 |
140.12 |
138.43 |
137.23 |
AI Generated Signals for DEO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for DEO:
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