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(NRP) Pivots Trading Plans and Risk Controls

Longer Term Trading Plans for NRP
  • Buy NRP slightly over 86.69 target 95.12 stop loss @ 86.44 Details
  • The technical summary data tells us to buy NRP near 86.69 with an upside target of 95.12. This data also tells us to set a stop loss @ 86.44 to protect against excessive loss in case the stock begins to move against the trade. 86.69 is the first level of support below 92.5 , and by rule, any test of support is a buy signal. In this case, support 86.69 would be being tested, so a buy signal would exist.

  • Short NRP slightly under 95.12, target 86.69, stop loss @ 95.39 Details
  • The technical summary data is suggesting a short of NRP as it gets near 95.12 with a downside target of 86.69. We should have a stop loss in place at 95.39though. 95.12 is the first level of resistance above 92.5, and by rule, any test of resistance is a short signal. In this case, if resistance 95.12 is being tested, so a short signal would exist.

Swing Trading Plans for NRP
  • Buy NRP slightly over 95.16, target 103.8, Stop Loss @ 94.89 Details
  • If 95.16 begins to break higher, the technical summary data tells us to buy NRP just slightly over 95.16, with an upside target of 103.8. The data also tells us to set a stop loss @ 94.89 in case the stock turns against the trade. 95.16 is the first level of resistance above 92.5, and by rule, any break above resistance is a buy signal. In this case, 95.16, 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 NRP slightly near 95.16, target 91.01, Stop Loss @ 95.43. Details
  • The technical summary data is suggesting a short of NRP if it tests 95.16 with a downside target of 91.01. We should have a stop loss in place at 95.43 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, 95.16, 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 NRP
  • Buy NRP slightly over 95.16, target 103.8, Stop Loss @ 94.94 Details
  • If 95.16 begins to break higher, the technical summary data tells us to buy NRP just slightly over 95.16, with an upside target of 103.8. The data also tells us to set a stop loss @ 94.94 in case the stock turns against the trade. 95.16 is the first level of resistance above 92.5, and by rule, any break above resistance is a buy signal. In this case, 95.16, 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 NRP slightly near 95.16, target 92.39, Stop Loss @ 95.38. Details
  • The technical summary data is suggesting a short of NRP if it tests 95.16 with a downside target of 92.39. We should have a stop loss in place at 95.38 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, 95.16, 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.

Real Time Updates are available on our Natural Resource Partners Lp Limited Partnership (NRP) Page here: NRP.

NRP Ratings for April 03:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 86.69
P2 90.51 91.01 95.12
P3 92.39 95.16 103.8
Triggers may have already come
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Support and Resistance Plot Chart for NRP

NRP Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This Natural Resource Partners Lp Limited Partnership (NYSE: NRP) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NRP change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NRP is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NRP too.  All of these are offered below the Summary Table.