(DJI) Technical Data

April 08, 2024, 11:04 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 38449.74 target 39837.07 stop loss @ 38338.7 Details

The technical summary data tells us to buy DJI near 38449.74 with an upside target of 39837.07. This data also tells us to set a stop loss @ 38338.7 to protect against excessive loss in case the stock begins to move against the trade. 38449.74 is the first level of support below 38956.3 , and by rule, any test of support is a buy signal. In this case, support 38449.74 is being tested, a buy signal would exist.

• Short DJI slightly under 39837.07, target 38449.74, stop loss @ 39952.12 Details

The technical summary data is suggesting a short of DJI as it gets near 39837.07 with a downside target of 38449.74. We should have a stop loss in place at 39952.12though. 39837.07 is the first level of resistance above 38956.3, and by rule, any test of resistance is a short signal. In this case, if resistance 39837.07 is being tested, a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 39384.18, target 39837.07, Stop Loss @ 39270.44 Details

If 39384.18 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39384.18, with an upside target of 39837.07. The data also tells us to set a stop loss @ 39270.44 in case the stock turns against the trade. 39384.18 is the first level of resistance above 38956.3, and by rule, any break above resistance is a buy signal. In this case, 39384.18, 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 DJI slightly near 39384.18, target 38818.67, Stop Loss @ 39497.92. Details

The technical summary data is suggesting a short of DJI if it tests 39384.18 with a downside target of 38818.67. We should have a stop loss in place at 39497.92 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, 39384.18, 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 DJI

• Buy DJI slightly over 39028.5, target 39384.18, Stop Loss @ 38937.45 Details

If 39028.5 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39028.5, with an upside target of 39384.18. The data also tells us to set a stop loss @ 38937.45 in case the stock turns against the trade. 39028.5 is the first level of resistance above 38956.3, and by rule, any break above resistance is a buy signal. In this case, 39028.5, 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 DJI slightly near 39028.5, target 38818.67, Stop Loss @ 39119.55. Details

The technical summary data is suggesting a short of DJI if it tests 39028.5 with a downside target of 38818.67. We should have a stop loss in place at 39119.55 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, 39028.5, 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 Dow Jones Industrial Average (DJI) available here: DJI.

DJI Ratings for April 08:

AI Generated Signals for DJI

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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 Dow Jones Industrial Average (NYSE: DJI) 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 DJI 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 DJI 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 DJI too.  All of these are offered below the Summary Table.