Learn to Evaluate (^DJI) using the Charts
October 27, 2024, 06:36 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ^DJI
- Buy ^DJI near 41987.63 target 43312.1 stop loss @ 41866.37 Details
The technical summary data tells us to buy ^DJI near 41987.63 with an upside target of 43312.1. This data also tells us to set a stop loss @ 41866.37 to protect against excessive loss in case the stock begins to move against the trade. 41987.63 is the first level of support below 42114.4 , and by rule, any test of support is a buy signal. In this case, support 41987.63 is being tested, a buy signal would exist.
- Short ^DJI slightly under 43312.1, target 41987.63, stop loss @ 43437.19 Details
The technical summary data is suggesting a short of ^DJI as it gets near 43312.1 with a downside target of 41987.63. We should have a stop loss in place at 43437.19though. 43312.1 is the first level of resistance above 42114.4, and by rule, any test of resistance is a short signal. In this case, if resistance 43312.1 is being tested, a short signal would exist.
Swing Trading Plans for ^DJI
- Buy ^DJI slightly over 42270.14, target 42964.32, Stop Loss @ 42148.06 Details
If 42270.14 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 42270.14, with an upside target of 42964.32. The data also tells us to set a stop loss @ 42148.06 in case the stock turns against the trade. 42270.14 is the first level of resistance above 42114.4, and by rule, any break above resistance is a buy signal. In this case, 42270.14, 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 42270.14, target 41987.63, Stop Loss @ 42392.22. Details
The technical summary data is suggesting a short of ^DJI if it tests 42270.14 with a downside target of 41987.63. We should have a stop loss in place at 42392.22 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, 42270.14, 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 42270.14, target 42271.67, Stop Loss @ 42171.52 Details
If 42270.14 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 42270.14, with an upside target of 42271.67. The data also tells us to set a stop loss @ 42171.52 in case the stock turns against the trade. 42270.14 is the first level of resistance above 42114.4, and by rule, any break above resistance is a buy signal. In this case, 42270.14, 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 42270.14, target 42006.63, Stop Loss @ 42368.76. Details
The technical summary data is suggesting a short of ^DJI if it tests 42270.14 with a downside target of 42006.63. We should have a stop loss in place at 42368.76 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, 42270.14, 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 October 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
40568.13 |
| P2 |
42006.63 |
42270.14 |
41987.63 |
| P3 |
42271.67 |
42964.32 |
43312.1 |
AI Generated Signals for ^DJI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Dow Jones Industrial Average (NASDAQ: ^DJI) report below can help you understand how to do this. The trading plans for ^DJI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ^DJI:
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