Trading (ROK) With Integrated Risk Controls

November 10, 2024, 04:12 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROK

• Buy ROK near 262.22 target 280.86 stop loss @ 261.46 Details

The technical summary data tells us to buy ROK near 262.22 with an upside target of 280.86. This data also tells us to set a stop loss @ 261.46 to protect against excessive loss in case the stock begins to move against the trade. 262.22 is the first level of support below 272.14 , and by rule, any test of support is a buy signal. In this case, support 262.22 is being tested, a buy signal would exist.

• Short ROK slightly under 280.86, target 262.22, stop loss @ 281.67 Details

The technical summary data is suggesting a short of ROK as it gets near 280.86 with a downside target of 262.22. We should have a stop loss in place at 281.67though. 280.86 is the first level of resistance above 272.14, and by rule, any test of resistance is a short signal. In this case, if resistance 280.86 is being tested, a short signal would exist.

Swing Trading Plans for ROK

• Buy ROK slightly over 280.86, target 285.2, Stop Loss @ 280.05 Details

If 280.86 begins to break higher, the technical summary data tells us to buy ROK just slightly over 280.86, with an upside target of 285.2. The data also tells us to set a stop loss @ 280.05 in case the stock turns against the trade. 280.86 is the first level of resistance above 272.14, and by rule, any break above resistance is a buy signal. In this case, 280.86, 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 ROK slightly near 280.86, target 270.24, Stop Loss @ 281.67. Details

The technical summary data is suggesting a short of ROK if it tests 280.86 with a downside target of 270.24. We should have a stop loss in place at 281.67 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, 280.86, 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 ROK

• Buy ROK slightly over 278.17, target 280.86, Stop Loss @ 277.52 Details

If 278.17 begins to break higher, the technical summary data tells us to buy ROK just slightly over 278.17, with an upside target of 280.86. The data also tells us to set a stop loss @ 277.52 in case the stock turns against the trade. 278.17 is the first level of resistance above 272.14, and by rule, any break above resistance is a buy signal. In this case, 278.17, 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 ROK slightly near 278.17, target 270.24, Stop Loss @ 278.82. Details

The technical summary data is suggesting a short of ROK if it tests 278.17 with a downside target of 270.24. We should have a stop loss in place at 278.82 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, 278.17, 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 Rockwell Automation Inc. (ROK) available here: ROK.

ROK Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	242.41
P2	278.17	270.24	262.22
P3	294.07	285.2	280.86

AI Generated Signals for ROK

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