When the Price of (RGLD) Talks, People Listen

February 23, 2024, 03:00 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RGLD

• Buy RGLD slightly over 100.59 target 110.32 stop loss @ 100.3 Details

The technical summary data tells us to buy RGLD near 100.59 with an upside target of 110.32. This data also tells us to set a stop loss @ 100.3 to protect against excessive loss in case the stock begins to move against the trade. 100.59 is the first level of support below 104.21 , and by rule, any test of support is a buy signal. In this case, support 100.59 would be being tested, so a buy signal would exist.

• Short RGLD slightly under 110.32, target 100.59, stop loss @ 110.64 Details

The technical summary data is suggesting a short of RGLD as it gets near 110.32 with a downside target of 100.59. We should have a stop loss in place at 110.64though. 110.32 is the first level of resistance above 104.21, and by rule, any test of resistance is a short signal. In this case, if resistance 110.32 is being tested, so a short signal would exist.

Swing Trading Plans for RGLD

• Buy RGLD slightly over 107.71, target 110.32, Stop Loss @ 107.4 Details

If 107.71 begins to break higher, the technical summary data tells us to buy RGLD just slightly over 107.71, with an upside target of 110.32. The data also tells us to set a stop loss @ 107.4 in case the stock turns against the trade. 107.71 is the first level of resistance above 104.21, and by rule, any break above resistance is a buy signal. In this case, 107.71, 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 RGLD slightly near 107.71, target 103.79, Stop Loss @ 108.02. Details

The technical summary data is suggesting a short of RGLD if it tests 107.71 with a downside target of 103.79. We should have a stop loss in place at 108.02 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, 107.71, 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 RGLD

• Buy RGLD slightly over 104.31, target 107.71, Stop Loss @ 104.07 Details

If 104.31 begins to break higher, the technical summary data tells us to buy RGLD just slightly over 104.31, with an upside target of 107.71. The data also tells us to set a stop loss @ 104.07 in case the stock turns against the trade. 104.31 is the first level of resistance above 104.21, and by rule, any break above resistance is a buy signal. In this case, 104.31, 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 RGLD slightly near 104.31, target 103.79, Stop Loss @ 104.55. Details

The technical summary data is suggesting a short of RGLD if it tests 104.31 with a downside target of 103.79. We should have a stop loss in place at 104.55 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, 104.31, 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 Royal Gold Inc. (RGLD) available here: RGLD.

RGLD Ratings for February 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	100.59
P2	102.81	103.79	110.32
P3	104.31	107.71	121.14

AI Generated Signals for RGLD

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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 Royal Gold Inc. (NASDAQ: RGLD) 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 RGLD 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.