August 21, 2024, 20:40 pm ET, BY William C. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROP
- Buy ROP slightly over 531.06 target 559.32 stop loss @ 529.53 Details
The technical summary data tells us to buy ROP near 531.06 with an upside target of 559.32. This data also tells us to set a stop loss @ 529.53 to protect against excessive loss in case the stock begins to move against the trade. 531.06 is the first level of support below 551.48 , and by rule, any test of support is a buy signal. In this case, support 531.06 would be being tested, so a buy signal would exist.
- Short ROP slightly under 559.32, target 531.06, stop loss @ 560.94 Details
The technical summary data is suggesting a short of ROP as it gets near 559.32 with a downside target of 531.06. We should have a stop loss in place at 560.94though. 559.32 is the first level of resistance above 551.48, and by rule, any test of resistance is a short signal. In this case, if resistance 559.32 is being tested, so a short signal would exist.
Swing Trading Plans for ROP
- Buy ROP slightly over 557.88, target 559.32, Stop Loss @ 556.27 Details
If 557.88 begins to break higher, the technical summary data tells us to buy ROP just slightly over 557.88, with an upside target of 559.32. The data also tells us to set a stop loss @ 556.27 in case the stock turns against the trade. 557.88 is the first level of resistance above 551.48, and by rule, any break above resistance is a buy signal. In this case, 557.88, 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 557.88, target 544.83, Stop Loss @ 559.49. Details
The technical summary data is suggesting a short of ROP if it tests 557.88 with a downside target of 544.83. We should have a stop loss in place at 559.49 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, 557.88, 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 551.62, target 557.88, Stop Loss @ 550.33 Details
If 551.62 begins to break higher, the technical summary data tells us to buy ROP just slightly over 551.62, with an upside target of 557.88. The data also tells us to set a stop loss @ 550.33 in case the stock turns against the trade. 551.62 is the first level of resistance above 551.48, and by rule, any break above resistance is a buy signal. In this case, 551.62, 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 551.62, target 547.44, Stop Loss @ 552.91. Details
The technical summary data is suggesting a short of ROP if it tests 551.62 with a downside target of 547.44. We should have a stop loss in place at 552.91 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, 551.62, 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 August 21:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Neutral |
P1 |
0 |
0 |
531.06 |
P2 |
547.44 |
544.83 |
559.32 |
P3 |
551.62 |
557.88 |
584.82 |
AI Generated Signals for ROP
Blue = Current Price
Red = Resistance
Green = Support
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