Long Term Trading Analysis for (TRV)

August 09, 2024, 17:46 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TRV

• Buy TRV slightly over 209.7 target 227.58 stop loss @ 209.09 Details

The technical summary data tells us to buy TRV near 209.7 with an upside target of 227.58. This data also tells us to set a stop loss @ 209.09 to protect against excessive loss in case the stock begins to move against the trade. 209.7 is the first level of support below 212.48 , and by rule, any test of support is a buy signal. In this case, support 209.7 would be being tested, so a buy signal would exist.

• Short TRV slightly under 227.58, target 209.7, stop loss @ 228.24 Details

The technical summary data is suggesting a short of TRV as it gets near 227.58 with a downside target of 209.7. We should have a stop loss in place at 228.24though. 227.58 is the first level of resistance above 212.48, and by rule, any test of resistance is a short signal. In this case, if resistance 227.58 is being tested, so a short signal would exist.

Swing Trading Plans for TRV

• Buy TRV slightly over 215.41, target 227.58, Stop Loss @ 214.79 Details

If 215.41 begins to break higher, the technical summary data tells us to buy TRV just slightly over 215.41, with an upside target of 227.58. The data also tells us to set a stop loss @ 214.79 in case the stock turns against the trade. 215.41 is the first level of resistance above 212.48, and by rule, any break above resistance is a buy signal. In this case, 215.41, 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 TRV slightly near 215.41, target 209.7, Stop Loss @ 216.03. Details

The technical summary data is suggesting a short of TRV if it tests 215.41 with a downside target of 209.7. We should have a stop loss in place at 216.03 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, 215.41, 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 TRV

• Buy TRV slightly over 215.41, target 227.58, Stop Loss @ 214.91 Details

If 215.41 begins to break higher, the technical summary data tells us to buy TRV just slightly over 215.41, with an upside target of 227.58. The data also tells us to set a stop loss @ 214.91 in case the stock turns against the trade. 215.41 is the first level of resistance above 212.48, and by rule, any break above resistance is a buy signal. In this case, 215.41, 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 TRV slightly near 215.41, target 212.26, Stop Loss @ 215.91. Details

The technical summary data is suggesting a short of TRV if it tests 215.41 with a downside target of 212.26. We should have a stop loss in place at 215.91 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, 215.41, 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 The Travelers Companies Inc. (TRV) available here: TRV.

TRV Ratings for August 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	209.7
P2	208.12	207.23	227.58
P3	212.26	215.41	245.07

AI Generated Signals for TRV

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in The Travelers Companies Inc. (NYSE: TRV) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TRV change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TRV 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 TRV too.  All of these are offered below the Summary Table.