Trading (DRH) With Integrated Risk Controls
November 22, 2024, 11:24 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DRH
- Buy DRH near 8.51 target 9.19 stop loss @ 8.49 Details
The technical summary data tells us to buy DRH near 8.51 with an upside target of 9.19. This data also tells us to set a stop loss @ 8.49 to protect against excessive loss in case the stock begins to move against the trade. 8.51 is the first level of support below 9.185 , and by rule, any test of support is a buy signal. In this case, support 8.51 is being tested, a buy signal would exist.
- Short DRH slightly under 9.19, target 8.51, stop loss @ 9.22 Details
The technical summary data is suggesting a short of DRH as it gets near 9.19 with a downside target of 8.51. We should have a stop loss in place at 9.22though. 9.19 is the first level of resistance above 9.185, and by rule, any test of resistance is a short signal. In this case, if resistance 9.19 is being tested, a short signal would exist.
Swing Trading Plans for DRH
- Buy DRH slightly over 9.19, target n/a, Stop Loss @ 9.16 Details
If 9.19 begins to break higher, the technical summary data tells us to buy DRH just slightly over 9.19, with an upside target of n/a. The data also tells us to set a stop loss @ 9.16 in case the stock turns against the trade. 9.19 is the first level of resistance above 9.185, and by rule, any break above resistance is a buy signal. In this case, 9.19, 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 DRH slightly near 9.19, target 8.79, Stop Loss @ 9.22. Details
The technical summary data is suggesting a short of DRH if it tests 9.19 with a downside target of 8.79. We should have a stop loss in place at 9.22 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, 9.19, 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 DRH
- Buy DRH slightly over 9.19, target n/a, Stop Loss @ 9.17 Details
If 9.19 begins to break higher, the technical summary data tells us to buy DRH just slightly over 9.19, with an upside target of n/a. The data also tells us to set a stop loss @ 9.17 in case the stock turns against the trade. 9.19 is the first level of resistance above 9.185, and by rule, any break above resistance is a buy signal. In this case, 9.19, 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 DRH slightly near 9.19, target 8.79, Stop Loss @ 9.21. Details
The technical summary data is suggesting a short of DRH if it tests 9.19 with a downside target of 8.79. We should have a stop loss in place at 9.21 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, 9.19, 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 Diamondrock Hospitality Company (DRH) available here: DRH.
DRH Ratings for November 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
7.87 |
| P2 |
9.15 |
8.79 |
8.51 |
| P3 |
0 |
9.07 |
9.19 |
AI Generated Signals for DRH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for DRH:
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