(RS) Investment Analysis and Advice

Longer Term Trading Plans for RS

• Buy RS near 281.61 target 305.63 stop loss @ 280.8 Details

The technical summary data tells us to buy RS near 281.61 with an upside target of 305.63. This data also tells us to set a stop loss @ 280.8 to protect against excessive loss in case the stock begins to move against the trade. 281.61 is the first level of support below 297.69 , and by rule, any test of support is a buy signal. In this case, support 281.61 is being tested, a buy signal would exist.

• Short RS slightly under 305.63, target 281.61, stop loss @ 306.51 Details

The technical summary data is suggesting a short of RS as it gets near 305.63 with a downside target of 281.61. We should have a stop loss in place at 306.51though. 305.63 is the first level of resistance above 297.69, and by rule, any test of resistance is a short signal. In this case, if resistance 305.63 is being tested, a short signal would exist.

Swing Trading Plans for RS

• Buy RS slightly over 305.63, target n/a, Stop Loss @ 304.75 Details

If 305.63 begins to break higher, the technical summary data tells us to buy RS just slightly over 305.63, with an upside target of n/a. The data also tells us to set a stop loss @ 304.75 in case the stock turns against the trade. 305.63 is the first level of resistance above 297.69, and by rule, any break above resistance is a buy signal. In this case, 305.63, 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 RS slightly near 305.63, target 292.03, Stop Loss @ 306.51. Details

The technical summary data is suggesting a short of RS if it tests 305.63 with a downside target of 292.03. We should have a stop loss in place at 306.51 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, 305.63, 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 RS

• Buy RS slightly over 305.63, target n/a, Stop Loss @ 304.92 Details

If 305.63 begins to break higher, the technical summary data tells us to buy RS just slightly over 305.63, with an upside target of n/a. The data also tells us to set a stop loss @ 304.92 in case the stock turns against the trade. 305.63 is the first level of resistance above 297.69, and by rule, any break above resistance is a buy signal. In this case, 305.63, 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 RS slightly near 305.63, target 292.77, Stop Loss @ 306.34. Details

The technical summary data is suggesting a short of RS if it tests 305.63 with a downside target of 292.77. We should have a stop loss in place at 306.34 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, 305.63, 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 Reliance Steel & Aluminum Co. (de) (RS) available here: RS.

RS Ratings for February 14:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	258.2
P2	287.12	282.65	281.61
P3	292.77	292.03	305.63

AI Generated Signals for RS

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