When (DEEP) Moves Investors should Listen
October 26, 2024, 20:42 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DEEP
- Buy DEEP near 34.1 target 35.81 stop loss @ 34 Details
The technical summary data tells us to buy DEEP near 34.1 with an upside target of 35.81. This data also tells us to set a stop loss @ 34 to protect against excessive loss in case the stock begins to move against the trade. 34.1 is the first level of support below 34.6888 , and by rule, any test of support is a buy signal. In this case, support 34.1 would be being tested, so a buy signal would exist.
- Short DEEP slightly under 35.81, target 34.1, stop loss @ 35.91 Details
The technical summary data is suggesting a short of DEEP as it gets near 35.81 with a downside target of 34.1. We should have a stop loss in place at 35.91though. 35.81 is the first level of resistance above 34.6888, and by rule, any test of resistance is a short signal. In this case, if resistance 35.81 is being tested, so a short signal would exist.
Swing Trading Plans for DEEP
- Buy DEEP slightly over 34.69, target 35.47, Stop Loss @ 34.59 Details
If 34.69 begins to break higher, the technical summary data tells us to buy DEEP just slightly over 34.69, with an upside target of 35.47. The data also tells us to set a stop loss @ 34.59 in case the stock turns against the trade. 34.69 is the first level of resistance above 34.6888, and by rule, any break above resistance is a buy signal. In this case, 34.69, 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 DEEP slightly near 34.69, target 34.1, Stop Loss @ 34.79. Details
The technical summary data is suggesting a short of DEEP if it tests 34.69 with a downside target of 34.1. We should have a stop loss in place at 34.79 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, 34.69, 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 DEEP
- Buy DEEP slightly over 34.88, target 35.47, Stop Loss @ 34.8 Details
If 34.88 begins to break higher, the technical summary data tells us to buy DEEP just slightly over 34.88, with an upside target of 35.47. The data also tells us to set a stop loss @ 34.8 in case the stock turns against the trade. 34.88 is the first level of resistance above 34.6888, and by rule, any break above resistance is a buy signal. In this case, 34.88, 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 DEEP slightly near 34.88, target 34.45, Stop Loss @ 34.96. Details
The technical summary data is suggesting a short of DEEP if it tests 34.88 with a downside target of 34.45. We should have a stop loss in place at 34.96 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, 34.88, 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 Roundhill Acquirers Deep Value Etf (DEEP) available here: DEEP.
DEEP Ratings for October 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
34.1 |
| P2 |
34.45 |
34.69 |
35.81 |
| P3 |
34.88 |
35.47 |
37.55 |
AI Generated Signals for DEEP
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 Roundhill Acquirers Deep Value Etf (NASDAQ: DEEP) report below is a real world example. Included are trading plans for DEEP, 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 DEEP:
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