Long Term Trading Analysis for (RS)

Longer Term Trading Plans for RS

• Buy RS near 320.16 target n/a stop loss @ 319.24. Details

The technical summary data tells us to buy RS near 320.16, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 319.24 to protect against excessive loss in case the stock begins to move against the trade. 320.16 is the first level of support below 328.48, and by rule, any test of support is a buy signal. In this case, if support 320.16 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for RS

• Buy RS slightly over 330.51, target 336.6, Stop Loss @ 329.56 Details

If 330.51 begins to break higher, the technical summary data tells us to buy RS just slightly over 330.51, with an upside target of 336.6. The data also tells us to set a stop loss @ 329.56 in case the stock turns against the trade. 330.51 is the first level of resistance above 328.48, and by rule, any break above resistance is a buy signal. In this case, 330.51, 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 RS slightly near 330.51, target 320.16, Stop Loss @ 331.46. Details

The technical summary data is suggesting a short of RS if it tests 330.51 with a downside target of 320.16. We should have a stop loss in place at 331.46 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, 330.51, 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 RS

• Buy RS slightly over 328.92, target 330.51, Stop Loss @ 328.15 Details

If 328.92 begins to break higher, the technical summary data tells us to buy RS just slightly over 328.92, with an upside target of 330.51. The data also tells us to set a stop loss @ 328.15 in case the stock turns against the trade. 328.92 is the first level of resistance above 328.48, and by rule, any break above resistance is a buy signal. In this case, 328.92, 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 RS slightly near 328.92, target 320.16, Stop Loss @ 329.69. Details

The technical summary data is suggesting a short of RS if it tests 328.92 with a downside target of 320.16. We should have a stop loss in place at 329.69 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, 328.92, 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 Reliance Steel & Aluminum Co. (de) (RS) available here: RS.

RS Ratings for July 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	275.36
P2	328.92	330.51	298.09
P3	333.33	336.6	320.16

AI Generated Signals for RS

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