When Dow Jones 30 Industrials ($DJI) Moves Investors should Listen
May 21, 2023, 16:45 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DJI
- Buy DJI slightly over 32111.87 target 33692.23 stop loss @ 32019.13 Details
The technical summary data tells us to buy DJI near 32111.87 with an upside target of 33692.23. This data also tells us to set a stop loss @ 32019.13 to protect against excessive loss in case the stock begins to move against the trade. 32111.87 is the first level of support below 33426.6 , and by rule, any test of support is a buy signal. In this case, support 32111.87 would be being tested, so a buy signal would exist.
- Short DJI slightly under 33692.23, target 32111.87, stop loss @ 33789.53 Details
The technical summary data is suggesting a short of DJI as it gets near 33692.23 with a downside target of 32111.87. We should have a stop loss in place at 33789.53though. 33692.23 is the first level of resistance above 33426.6, and by rule, any test of resistance is a short signal. In this case, if resistance 33692.23 is being tested, so a short signal would exist.
Swing Trading Plans for DJI
- Buy DJI slightly over 33508.36, target 33692.23, Stop Loss @ 33411.59 Details
If 33508.36 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33508.36, with an upside target of 33692.23. The data also tells us to set a stop loss @ 33411.59 in case the stock turns against the trade. 33508.36 is the first level of resistance above 33426.6, and by rule, any break above resistance is a buy signal. In this case, 33508.36, 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 DJI slightly near 33508.36, target 33075.46, Stop Loss @ 33605.13. Details
The technical summary data is suggesting a short of DJI if it tests 33508.36 with a downside target of 33075.46. We should have a stop loss in place at 33605.13 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, 33508.36, 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 DJI
- Buy DJI slightly over 33508.36, target 33577.87, Stop Loss @ 33430.18 Details
If 33508.36 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33508.36, with an upside target of 33577.87. The data also tells us to set a stop loss @ 33430.18 in case the stock turns against the trade. 33508.36 is the first level of resistance above 33426.6, and by rule, any break above resistance is a buy signal. In this case, 33508.36, 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 DJI slightly near 33508.36, target 33324.52, Stop Loss @ 33586.54. Details
The technical summary data is suggesting a short of DJI if it tests 33508.36 with a downside target of 33324.52. We should have a stop loss in place at 33586.54 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, 33508.36, 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 Dow Jones 30 Industrials (DJI) available here: DJI.
DJI Ratings for May 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
32111.87 |
| P2 |
33324.52 |
33075.46 |
33692.23 |
| P3 |
33577.87 |
33508.36 |
35139.76 |
AI Generated Signals for DJI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Dow Jones 30 Industrials (NYSE: DJI) report below is a real world example. Included are trading plans for DJI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DJI:
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