When (LPG) Moves Investors should Listen
May 22, 2024, 11:18 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LPG
- Buy LPG slightly over 43.58 target 49.61 stop loss @ 43.45 Details
The technical summary data tells us to buy LPG near 43.58 with an upside target of 49.61. This data also tells us to set a stop loss @ 43.45 to protect against excessive loss in case the stock begins to move against the trade. 43.58 is the first level of support below 45.62 , and by rule, any test of support is a buy signal. In this case, support 43.58 is being tested, a buy signal would exist.
- Short LPG slightly under 49.61, target 43.58, stop loss @ 49.75 Details
The technical summary data is suggesting a short of LPG as it gets near 49.61 with a downside target of 43.58. We should have a stop loss in place at 49.75though. 49.61 is the first level of resistance above 45.62, and by rule, any test of resistance is a short signal. In this case, if resistance 49.61 is being tested, a short signal would exist.
Swing Trading Plans for LPG
- Buy LPG slightly over 49.61, target n/a, Stop Loss @ 49.47 Details
If 49.61 begins to break higher, the technical summary data tells us to buy LPG just slightly over 49.61, with an upside target of n/a. The data also tells us to set a stop loss @ 49.47 in case the stock turns against the trade. 49.61 is the first level of resistance above 45.62, and by rule, any break above resistance is a buy signal. In this case, 49.61, 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 LPG slightly near 49.61, target 45.41, Stop Loss @ 49.75. Details
The technical summary data is suggesting a short of LPG if it tests 49.61 with a downside target of 45.41. We should have a stop loss in place at 49.75 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, 49.61, 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 LPG
- Buy LPG slightly over 49.61, target n/a, Stop Loss @ 49.49 Details
If 49.61 begins to break higher, the technical summary data tells us to buy LPG just slightly over 49.61, with an upside target of n/a. The data also tells us to set a stop loss @ 49.49 in case the stock turns against the trade. 49.61 is the first level of resistance above 45.62, and by rule, any break above resistance is a buy signal. In this case, 49.61, 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 LPG slightly near 49.61, target 45.41, Stop Loss @ 49.73. Details
The technical summary data is suggesting a short of LPG if it tests 49.61 with a downside target of 45.41. We should have a stop loss in place at 49.73 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, 49.61, 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 Dorian Lpg Ltd. (LPG) available here: LPG.
LPG Ratings for May 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
38.58 |
| P2 |
44.18 |
44.04 |
43.58 |
| P3 |
44.98 |
45.41 |
49.61 |
AI Generated Signals for LPG
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 Dorian Lpg Ltd. (NYSE: LPG) report below is a real world example. Included are trading plans for LPG, 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 LPG:
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