When the Price of (ROP) Talks, People Listen
October 30, 2024, 08:24 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROP
- Buy ROP near 530.71 target 552.89 stop loss @ 529.18 Details
The technical summary data tells us to buy ROP near 530.71 with an upside target of 552.89. This data also tells us to set a stop loss @ 529.18 to protect against excessive loss in case the stock begins to move against the trade. 530.71 is the first level of support below 548.81 , and by rule, any test of support is a buy signal. In this case, support 530.71 would be being tested, so a buy signal would exist.
- Short ROP slightly under 552.89, target 530.71, stop loss @ 554.49 Details
The technical summary data is suggesting a short of ROP as it gets near 552.89 with a downside target of 530.71. We should have a stop loss in place at 554.49though. 552.89 is the first level of resistance above 548.81, and by rule, any test of resistance is a short signal. In this case, if resistance 552.89 is being tested, so a short signal would exist.
Swing Trading Plans for ROP
- Buy ROP slightly over 549.42, target 552.89, Stop Loss @ 547.83 Details
If 549.42 begins to break higher, the technical summary data tells us to buy ROP just slightly over 549.42, with an upside target of 552.89. The data also tells us to set a stop loss @ 547.83 in case the stock turns against the trade. 549.42 is the first level of resistance above 548.81, and by rule, any break above resistance is a buy signal. In this case, 549.42, 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 549.42, target 536.84, Stop Loss @ 551.01. Details
The technical summary data is suggesting a short of ROP if it tests 549.42 with a downside target of 536.84. We should have a stop loss in place at 551.01 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, 549.42, 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 549.42, target 551.82, Stop Loss @ 548.14 Details
If 549.42 begins to break higher, the technical summary data tells us to buy ROP just slightly over 549.42, with an upside target of 551.82. The data also tells us to set a stop loss @ 548.14 in case the stock turns against the trade. 549.42 is the first level of resistance above 548.81, and by rule, any break above resistance is a buy signal. In this case, 549.42, 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 549.42, target 545.72, Stop Loss @ 550.7. Details
The technical summary data is suggesting a short of ROP if it tests 549.42 with a downside target of 545.72. We should have a stop loss in place at 550.7 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, 549.42, 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 October 30:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
530.71 |
P2 |
545.72 |
536.84 |
552.89 |
P3 |
551.82 |
549.42 |
573.87 |
AI Generated Signals for ROP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Roper Technologies Inc. (NYSE: ROP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for ROP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ROP: