Trading (DRN) With Integrated Risk Controls
December 03, 2024, 03:02 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DRN
- Buy DRN near 12.19 target 14.04 stop loss @ 12.15 Details
The technical summary data tells us to buy DRN near 12.19 with an upside target of 14.04. This data also tells us to set a stop loss @ 12.15 to protect against excessive loss in case the stock begins to move against the trade. 12.19 is the first level of support below 12.64 , and by rule, any test of support is a buy signal. In this case, support 12.19 is being tested, a buy signal would exist.
- Short DRN slightly under 14.04, target 12.19, stop loss @ 14.08 Details
The technical summary data is suggesting a short of DRN as it gets near 14.04 with a downside target of 12.19. We should have a stop loss in place at 14.08though. 14.04 is the first level of resistance above 12.64, and by rule, any test of resistance is a short signal. In this case, if resistance 14.04 is being tested, a short signal would exist.
Swing Trading Plans for DRN
- Buy DRN slightly over 13.01, target 13.72, Stop Loss @ 12.97 Details
If 13.01 begins to break higher, the technical summary data tells us to buy DRN just slightly over 13.01, with an upside target of 13.72. The data also tells us to set a stop loss @ 12.97 in case the stock turns against the trade. 13.01 is the first level of resistance above 12.64, and by rule, any break above resistance is a buy signal. In this case, 13.01, 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 DRN slightly near 13.01, target 12.19, Stop Loss @ 13.05. Details
The technical summary data is suggesting a short of DRN if it tests 13.01 with a downside target of 12.19. We should have a stop loss in place at 13.05 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, 13.01, 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 DRN
- Buy DRN slightly over 13.01, target 13.72, Stop Loss @ 12.98 Details
If 13.01 begins to break higher, the technical summary data tells us to buy DRN just slightly over 13.01, with an upside target of 13.72. The data also tells us to set a stop loss @ 12.98 in case the stock turns against the trade. 13.01 is the first level of resistance above 12.64, and by rule, any break above resistance is a buy signal. In this case, 13.01, 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 DRN slightly near 13.01, target 12.19, Stop Loss @ 13.04. Details
The technical summary data is suggesting a short of DRN if it tests 13.01 with a downside target of 12.19. We should have a stop loss in place at 13.04 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, 13.01, 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 Direxion Daily Real Estate Bull 3x Shares (DRN) available here: DRN.
DRN Ratings for December 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
10.41 |
| P2 |
12.81 |
13.01 |
12.19 |
| P3 |
13.56 |
13.72 |
14.04 |
AI Generated Signals for DRN
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Direxion Daily Real Estate Bull 3x Shares (NYSE: DRN) report below can help you, but we have more details too. The trading plans for DRN, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for DRN:
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