How the (DRI) price action is used to our Advantage
March 29, 2024, 18:36 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DRI
- Buy DRI slightly over 162.63 target 174.06 stop loss @ 162.16 Details
The technical summary data tells us to buy DRI near 162.63 with an upside target of 174.06. This data also tells us to set a stop loss @ 162.16 to protect against excessive loss in case the stock begins to move against the trade. 162.63 is the first level of support below 167.15 , and by rule, any test of support is a buy signal. In this case, support 162.63 is being tested, a buy signal would exist.
- Short DRI slightly under 174.06, target 162.63, stop loss @ 174.56 Details
The technical summary data is suggesting a short of DRI as it gets near 174.06 with a downside target of 162.63. We should have a stop loss in place at 174.56though. 174.06 is the first level of resistance above 167.15, and by rule, any test of resistance is a short signal. In this case, if resistance 174.06 is being tested, a short signal would exist.
Swing Trading Plans for DRI
- Buy DRI slightly over 174.06, target n/a, Stop Loss @ 173.56 Details
If 174.06 begins to break higher, the technical summary data tells us to buy DRI just slightly over 174.06, with an upside target of n/a. The data also tells us to set a stop loss @ 173.56 in case the stock turns against the trade. 174.06 is the first level of resistance above 167.15, and by rule, any break above resistance is a buy signal. In this case, 174.06, 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 DRI slightly near 174.06, target 166.42, Stop Loss @ 174.56. Details
The technical summary data is suggesting a short of DRI if it tests 174.06 with a downside target of 166.42. We should have a stop loss in place at 174.56 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, 174.06, 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 DRI
- Buy DRI slightly over 168.01, target 174.06, Stop Loss @ 167.62 Details
If 168.01 begins to break higher, the technical summary data tells us to buy DRI just slightly over 168.01, with an upside target of 174.06. The data also tells us to set a stop loss @ 167.62 in case the stock turns against the trade. 168.01 is the first level of resistance above 167.15, and by rule, any break above resistance is a buy signal. In this case, 168.01, 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 DRI slightly near 168.01, target 166.42, Stop Loss @ 168.4. Details
The technical summary data is suggesting a short of DRI if it tests 168.01 with a downside target of 166.42. We should have a stop loss in place at 168.4 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, 168.01, 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 Darden Restaurants Inc. (DRI) available here: DRI.
DRI Ratings for March 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
151.18 |
| P2 |
165.86 |
159.85 |
162.63 |
| P3 |
168.01 |
166.42 |
174.06 |
AI Generated Signals for DRI
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Darden Restaurants Inc. (NYSE: DRI) data table below can help you with price action, and we have more details too. Trading plans for DRI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DRI:
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