Rogers ($ROG) Trading Report

March 21, 2023, 05:45 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROG

• Buy ROG slightly over 133.00 target 177.82 stop loss @ 132.62 Details

The technical summary data tells us to buy ROG near 133.00 with an upside target of 177.82. This data also tells us to set a stop loss @ 132.62 to protect against excessive loss in case the stock begins to move against the trade. 133.00 is the first level of support below 152.87 , and by rule, any test of support is a buy signal. In this case, support 133.00 is being tested, a buy signal would exist.

• Short ROG slightly under 177.82, target 133.00, stop loss @ 178.33 Details

The technical summary data is suggesting a short of ROG as it gets near 177.82 with a downside target of 133.00. We should have a stop loss in place at 178.33though. 177.82 is the first level of resistance above 152.87, and by rule, any test of resistance is a short signal. In this case, if resistance 177.82 is being tested, a short signal would exist.

Swing Trading Plans for ROG

• Buy ROG slightly over 153.82, target 177.82, Stop Loss @ 153.38 Details

If 153.82 begins to break higher, the technical summary data tells us to buy ROG just slightly over 153.82, with an upside target of 177.82. The data also tells us to set a stop loss @ 153.38 in case the stock turns against the trade. 153.82 is the first level of resistance above 152.87, and by rule, any break above resistance is a buy signal. In this case, 153.82, 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 ROG slightly near 153.82, target 146.07, Stop Loss @ 154.26. Details

The technical summary data is suggesting a short of ROG if it tests 153.82 with a downside target of 146.07. We should have a stop loss in place at 154.26 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, 153.82, 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 ROG

• Buy ROG slightly over 153.82, target 177.82, Stop Loss @ 153.46 Details

If 153.82 begins to break higher, the technical summary data tells us to buy ROG just slightly over 153.82, with an upside target of 177.82. The data also tells us to set a stop loss @ 153.46 in case the stock turns against the trade. 153.82 is the first level of resistance above 152.87, and by rule, any break above resistance is a buy signal. In this case, 153.82, 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 ROG slightly near 153.82, target 152.71, Stop Loss @ 154.18. Details

The technical summary data is suggesting a short of ROG if it tests 153.82 with a downside target of 152.71. We should have a stop loss in place at 154.18 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, 153.82, 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 Rogers (ROG) available here: ROG.

ROG Ratings for March 21:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	87.69
P2	147.97	146.07	133.00
P3	152.71	153.82	177.82

AI Generated Signals for ROG

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Rogers (NYSE: ROG) while incorporating prudent risk controls. 

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ROG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ROG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ROG too.  All of these are offered below the Summary Table.