When the Price of (DJI) Talks, People Listen

March 29, 2024, 12:52 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 39619.64 target n/a stop loss @ 39505.22. Details

The technical summary data tells us to buy DJI near 39619.64, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 39505.22 to protect against excessive loss in case the stock begins to move against the trade. 39619.64 is the first level of support below 39807.4, and by rule, any test of support is a buy signal. In this case, if support 39619.64 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for DJI

• Buy DJI slightly over 39995.31, target n/a, Stop Loss @ 39879.8 Details

If 39995.31 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39995.31, with an upside target of n/a. The data also tells us to set a stop loss @ 39879.8 in case the stock turns against the trade. 39995.31 is the first level of resistance above 39807.4, and by rule, any break above resistance is a buy signal. In this case, 39995.31, 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 DJI slightly near 39995.31, target 39619.64, Stop Loss @ 40110.82. Details

The technical summary data is suggesting a short of DJI if it tests 39995.31 with a downside target of 39619.64. We should have a stop loss in place at 40110.82 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, 39995.31, 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.

Day Trading Plans for DJI

• Buy DJI slightly over 39820.3, target 39995.31, Stop Loss @ 39727.4 Details

If 39820.3 begins to break higher, the technical summary data tells us to buy DJI just slightly over 39820.3, with an upside target of 39995.31. The data also tells us to set a stop loss @ 39727.4 in case the stock turns against the trade. 39820.3 is the first level of resistance above 39807.4, and by rule, any break above resistance is a buy signal. In this case, 39820.3, 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 39820.3, target 39619.64, Stop Loss @ 39913.2. Details

The technical summary data is suggesting a short of DJI if it tests 39820.3 with a downside target of 39619.64. We should have a stop loss in place at 39913.2 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, 39820.3, 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 Industrial Average (DJI) available here: DJI.

DJI Ratings for March 29:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	36794.34
P2	39511.19	39491.41	38248.07
P3	39820.3	39995.31	39619.64

AI Generated Signals for DJI

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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 Dow Jones Industrial Average (NYSE: DJI) 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 DJI 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.