How the price action of Roper Technologies Inc. ($ROP) is used to our Advantage

September 30, 2023, 15:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROP

• Buy ROP slightly over 474.94 target 494.56 stop loss @ 473.57 Details

The technical summary data tells us to buy ROP near 474.94 with an upside target of 494.56. This data also tells us to set a stop loss @ 473.57 to protect against excessive loss in case the stock begins to move against the trade. 474.94 is the first level of support below 484.28 , and by rule, any test of support is a buy signal. In this case, support 474.94 would be being tested, so a buy signal would exist.

• Short ROP slightly under 494.56, target 474.94, stop loss @ 495.99 Details

The technical summary data is suggesting a short of ROP as it gets near 494.56 with a downside target of 474.94. We should have a stop loss in place at 495.99though. 494.56 is the first level of resistance above 484.28, and by rule, any test of resistance is a short signal. In this case, if resistance 494.56 is being tested, so a short signal would exist.

Swing Trading Plans for ROP

• Buy ROP slightly over 487.14, target 494.56, Stop Loss @ 485.73 Details

If 487.14 begins to break higher, the technical summary data tells us to buy ROP just slightly over 487.14, with an upside target of 494.56. The data also tells us to set a stop loss @ 485.73 in case the stock turns against the trade. 487.14 is the first level of resistance above 484.28, and by rule, any break above resistance is a buy signal. In this case, 487.14, 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 ROP slightly near 487.14, target 474.94, Stop Loss @ 488.55. Details

The technical summary data is suggesting a short of ROP if it tests 487.14 with a downside target of 474.94. We should have a stop loss in place at 488.55 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, 487.14, 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 ROP

• Buy ROP slightly over 487.14, target 488.14, Stop Loss @ 486 Details

If 487.14 begins to break higher, the technical summary data tells us to buy ROP just slightly over 487.14, with an upside target of 488.14. The data also tells us to set a stop loss @ 486 in case the stock turns against the trade. 487.14 is the first level of resistance above 484.28, and by rule, any break above resistance is a buy signal. In this case, 487.14, 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 ROP slightly near 487.14, target 479.77, Stop Loss @ 488.28. Details

The technical summary data is suggesting a short of ROP if it tests 487.14 with a downside target of 479.77. We should have a stop loss in place at 488.28 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, 487.14, 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  Roper Technologies Inc. (ROP) available here: ROP.

ROP Ratings for September 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	474.94
P2	479.77	487.14	494.56
P3	488.14	500.71	514.51

AI Generated Signals for ROP

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Roper Technologies Inc. (NYSE: ROP) data table below can help you with price action, and we have more details too. Trading plans for ROP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.