(DJI) On The My Stocks Page

June 28, 2024, 13:02 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 38249.22 target 39768.15 stop loss @ 38138.76 Details

The technical summary data tells us to buy DJI near 38249.22 with an upside target of 39768.15. This data also tells us to set a stop loss @ 38138.76 to protect against excessive loss in case the stock begins to move against the trade. 38249.22 is the first level of support below 39176.8 , and by rule, any test of support is a buy signal. In this case, support 38249.22 would be being tested, so a buy signal would exist.

• Short DJI slightly under 39768.15, target 38249.22, stop loss @ 39883 Details

The technical summary data is suggesting a short of DJI as it gets near 39768.15 with a downside target of 38249.22. We should have a stop loss in place at 39883though. 39768.15 is the first level of resistance above 39176.8, and by rule, any test of resistance is a short signal. In this case, if resistance 39768.15 is being tested, so a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 39527.84, target 39768.15, Stop Loss @ 39413.68 Details

If 39527.84 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39527.84, with an upside target of 39768.15. The data also tells us to set a stop loss @ 39413.68 in case the stock turns against the trade. 39527.84 is the first level of resistance above 39176.8, and by rule, any break above resistance is a buy signal. In this case, 39527.84, 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 39527.84, target 39086.57, Stop Loss @ 39642. Details

The technical summary data is suggesting a short of DJI if it tests 39527.84 with a downside target of 39086.57. We should have a stop loss in place at 39642 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, 39527.84, 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 39266.56, target 39527.84, Stop Loss @ 39174.95 Details

If 39266.56 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39266.56, with an upside target of 39527.84. The data also tells us to set a stop loss @ 39174.95 in case the stock turns against the trade. 39266.56 is the first level of resistance above 39176.8, and by rule, any break above resistance is a buy signal. In this case, 39266.56, 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 39266.56, target 39086.57, Stop Loss @ 39358.17. Details

The technical summary data is suggesting a short of DJI if it tests 39266.56 with a downside target of 39086.57. We should have a stop loss in place at 39358.17 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, 39266.56, 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 June 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	38249.22
P2	38977.88	39086.57	39768.15
P3	39266.56	39527.84	41216.88

AI Generated Signals for DJI

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Trading or Investing in Dow Jones Industrial Average (NYSE: DJI) involves an observation of the technicals, every time.  This data reveals the current technicals.

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.