When (RL) Moves Investors should Listen
November 14, 2024, 19:30 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RL
- Buy RL near 197.94 target 219.05 stop loss @ 197.37 Details
The technical summary data tells us to buy RL near 197.94 with an upside target of 219.05. This data also tells us to set a stop loss @ 197.37 to protect against excessive loss in case the stock begins to move against the trade. 197.94 is the first level of support below 211.47 , and by rule, any test of support is a buy signal. In this case, support 197.94 is being tested, a buy signal would exist.
- Short RL slightly under 219.05, target 197.94, stop loss @ 219.68 Details
The technical summary data is suggesting a short of RL as it gets near 219.05 with a downside target of 197.94. We should have a stop loss in place at 219.68though. 219.05 is the first level of resistance above 211.47, and by rule, any test of resistance is a short signal. In this case, if resistance 219.05 is being tested, a short signal would exist.
Swing Trading Plans for RL
- Buy RL slightly over 219.05, target 224.91, Stop Loss @ 218.42 Details
If 219.05 begins to break higher, the technical summary data tells us to buy RL just slightly over 219.05, with an upside target of 224.91. The data also tells us to set a stop loss @ 218.42 in case the stock turns against the trade. 219.05 is the first level of resistance above 211.47, and by rule, any break above resistance is a buy signal. In this case, 219.05, 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 RL slightly near 219.05, target 211.38, Stop Loss @ 219.68. Details
The technical summary data is suggesting a short of RL if it tests 219.05 with a downside target of 211.38. We should have a stop loss in place at 219.68 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, 219.05, 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 RL
- Buy RL slightly over 219.05, target 224.91, Stop Loss @ 218.54 Details
If 219.05 begins to break higher, the technical summary data tells us to buy RL just slightly over 219.05, with an upside target of 224.91. The data also tells us to set a stop loss @ 218.54 in case the stock turns against the trade. 219.05 is the first level of resistance above 211.47, and by rule, any break above resistance is a buy signal. In this case, 219.05, 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 RL slightly near 219.05, target 211.38, Stop Loss @ 219.56. Details
The technical summary data is suggesting a short of RL if it tests 219.05 with a downside target of 211.38. We should have a stop loss in place at 219.56 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, 219.05, 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 Ralph Lauren Corporation (RL) available here: RL.
RL Ratings for November 14:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Strong |
Strong |
P1 |
0 |
0 |
178.27 |
P2 |
205.26 |
211.38 |
197.94 |
P3 |
211.07 |
224.91 |
219.05 |
AI Generated Signals for RL
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 Ralph Lauren Corporation (NYSE: RL) report below is a real world example. Included are trading plans for RL, 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 RL: