July 08, 2024, 12:18 pm ET, BY Bill - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DJI
- Buy DJI slightly over 38350.61 target 39855.82 stop loss @ 38239.85 Details
The technical summary data tells us to buy DJI near 38350.61 with an upside target of 39855.82. This data also tells us to set a stop loss @ 38239.85 to protect against excessive loss in case the stock begins to move against the trade. 38350.61 is the first level of support below 39291.4 , and by rule, any test of support is a buy signal. In this case, support 38350.61 would be being tested, so a buy signal would exist.
- Short DJI slightly under 39855.82, target 38350.61, stop loss @ 39970.92 Details
The technical summary data is suggesting a short of DJI as it gets near 39855.82 with a downside target of 38350.61. We should have a stop loss in place at 39970.92though. 39855.82 is the first level of resistance above 39291.4, and by rule, any test of resistance is a short signal. In this case, if resistance 39855.82 is being tested, so a short signal would exist.
Swing Trading Plans for DJI
- Buy DJI slightly over 39498.47, target 39855.82, Stop Loss @ 39384.4 Details
If 39498.47 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39498.47, with an upside target of 39855.82. The data also tells us to set a stop loss @ 39384.4 in case the stock turns against the trade. 39498.47 is the first level of resistance above 39291.4, and by rule, any break above resistance is a buy signal. In this case, 39498.47, 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 DJI slightly near 39498.47, target 39123.71, Stop Loss @ 39612.54. Details
The technical summary data is suggesting a short of DJI if it tests 39498.47 with a downside target of 39123.71. We should have a stop loss in place at 39612.54 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, 39498.47, 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 DJI
- Buy DJI slightly over 39388.44, target 39498.47, Stop Loss @ 39296.55 Details
If 39388.44 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39388.44, with an upside target of 39498.47. The data also tells us to set a stop loss @ 39296.55 in case the stock turns against the trade. 39388.44 is the first level of resistance above 39291.4, and by rule, any break above resistance is a buy signal. In this case, 39388.44, 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 DJI slightly near 39388.44, target 39200, Stop Loss @ 39480.33. Details
The technical summary data is suggesting a short of DJI if it tests 39388.44 with a downside target of 39200. We should have a stop loss in place at 39480.33 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, 39388.44, 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 Dow Jones Industrial Average (DJI) available here: DJI.
DJI Ratings for July 08:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
38350.61 |
P2 |
39200 |
39123.71 |
39855.82 |
P3 |
39388.44 |
39498.47 |
41296.51 |
AI Generated Signals for DJI
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for DJI: