(DKS) Proactive Strategies

August 11, 2024, 07:04 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DKS

• Buy DKS slightly over 202.73 target 227.66 stop loss @ 202.14 Details

The technical summary data tells us to buy DKS near 202.73 with an upside target of 227.66. This data also tells us to set a stop loss @ 202.14 to protect against excessive loss in case the stock begins to move against the trade. 202.73 is the first level of support below 207.13 , and by rule, any test of support is a buy signal. In this case, support 202.73 would be being tested, so a buy signal would exist.

• Short DKS slightly under 227.66, target 202.73, stop loss @ 228.32 Details

The technical summary data is suggesting a short of DKS as it gets near 227.66 with a downside target of 202.73. We should have a stop loss in place at 228.32though. 227.66 is the first level of resistance above 207.13, and by rule, any test of resistance is a short signal. In this case, if resistance 227.66 is being tested, so a short signal would exist.

Swing Trading Plans for DKS

• Buy DKS slightly over 227.66, target 254.37, Stop Loss @ 227 Details

If 227.66 begins to break higher, the technical summary data tells us to buy DKS just slightly over 227.66, with an upside target of 254.37. The data also tells us to set a stop loss @ 227 in case the stock turns against the trade. 227.66 is the first level of resistance above 207.13, and by rule, any break above resistance is a buy signal. In this case, 227.66, 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 DKS slightly near 227.66, target 204.49, Stop Loss @ 228.32. Details

The technical summary data is suggesting a short of DKS if it tests 227.66 with a downside target of 204.49. We should have a stop loss in place at 228.32 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, 227.66, 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 DKS

• Buy DKS slightly over 207.18, target 227.66, Stop Loss @ 206.7 Details

If 207.18 begins to break higher, the technical summary data tells us to buy DKS just slightly over 207.18, with an upside target of 227.66. The data also tells us to set a stop loss @ 206.7 in case the stock turns against the trade. 207.18 is the first level of resistance above 207.13, and by rule, any break above resistance is a buy signal. In this case, 207.18, 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 DKS slightly near 207.18, target 204.49, Stop Loss @ 207.66. Details

The technical summary data is suggesting a short of DKS if it tests 207.18 with a downside target of 204.49. We should have a stop loss in place at 207.66 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, 207.18, 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 Dick's Sporting Goods Inc (DKS) available here: DKS.

DKS Ratings for August 11:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	202.73
P2	201.72	192.76	227.66
P3	207.18	204.49	254.37

AI Generated Signals for DKS

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Don't over think it!  Trading Dick's Sporting Goods Inc (NYSE: DKS) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DKS 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 DKS 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 DKS too.  All of these are offered below the Summary Table.