Learn to Evaluate (DHIL) using the Charts

October 21, 2024, 02:16 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DHIL

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Swing Trading Plans for DHIL

• Buy DHIL slightly over 161.11, target n/a, Stop Loss @ 160.64 Details

If 161.11 begins to break higher, the technical summary data tells us to buy DHIL just slightly over 161.11, with an upside target of n/a. The data also tells us to set a stop loss @ 160.64 in case the stock turns against the trade. 161.11 is the first level of resistance above 160.9, and by rule, any break above resistance is a buy signal. In this case, 161.11, 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 DHIL slightly near 161.11, target 160.9, Stop Loss @ 161.58. Details

The technical summary data is suggesting a short of DHIL if it tests 161.11 with a downside target of 160.9. We should have a stop loss in place at 161.58 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, 161.11, 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 DHIL

• Buy DHIL slightly over 161.11, target 162.74, Stop Loss @ 160.73 Details

If 161.11 begins to break higher, the technical summary data tells us to buy DHIL just slightly over 161.11, with an upside target of 162.74. The data also tells us to set a stop loss @ 160.73 in case the stock turns against the trade. 161.11 is the first level of resistance above 160.9, and by rule, any break above resistance is a buy signal. In this case, 161.11, 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 DHIL slightly near 161.11, target 160.9, Stop Loss @ 161.49. Details

The technical summary data is suggesting a short of DHIL if it tests 161.11 with a downside target of 160.9. We should have a stop loss in place at 161.49 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, 161.11, 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  Diamond Hill Investment Group Inc. (DHIL) available here: DHIL.

DHIL Ratings for October 21:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	142.31
P2	160.47	156.84	151.52
P3	162.74	161.11	160.9

AI Generated Signals for DHIL

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Diamond Hill Investment Group Inc. (NASDAQ: DHIL) report below can help you understand how to do this. The trading plans for DHIL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.