Trading (HRI) With Integrated Risk Controls
May 01, 2024, 22:04 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HRI
- Buy HRI slightly over 139.05 target 156.25 stop loss @ 138.65 Details
The technical summary data tells us to buy HRI near 139.05 with an upside target of 156.25. This data also tells us to set a stop loss @ 138.65 to protect against excessive loss in case the stock begins to move against the trade. 139.05 is the first level of support below 144.41 , and by rule, any test of support is a buy signal. In this case, support 139.05 would be being tested, so a buy signal would exist.
- Short HRI slightly under 156.25, target 139.05, stop loss @ 156.7 Details
The technical summary data is suggesting a short of HRI as it gets near 156.25 with a downside target of 139.05. We should have a stop loss in place at 156.7though. 156.25 is the first level of resistance above 144.41, and by rule, any test of resistance is a short signal. In this case, if resistance 156.25 is being tested, so a short signal would exist.
Swing Trading Plans for HRI
- Buy HRI slightly over 151.14, target 156.25, Stop Loss @ 150.7 Details
If 151.14 begins to break higher, the technical summary data tells us to buy HRI just slightly over 151.14, with an upside target of 156.25. The data also tells us to set a stop loss @ 150.7 in case the stock turns against the trade. 151.14 is the first level of resistance above 144.41, and by rule, any break above resistance is a buy signal. In this case, 151.14, 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 HRI slightly near 151.14, target 143.65, Stop Loss @ 151.58. Details
The technical summary data is suggesting a short of HRI if it tests 151.14 with a downside target of 143.65. We should have a stop loss in place at 151.58 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, 151.14, 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 HRI
- Buy HRI slightly over 146.23, target 151.14, Stop Loss @ 145.89 Details
If 146.23 begins to break higher, the technical summary data tells us to buy HRI just slightly over 146.23, with an upside target of 151.14. The data also tells us to set a stop loss @ 145.89 in case the stock turns against the trade. 146.23 is the first level of resistance above 144.41, and by rule, any break above resistance is a buy signal. In this case, 146.23, 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 HRI slightly near 146.23, target 143.65, Stop Loss @ 146.57. Details
The technical summary data is suggesting a short of HRI if it tests 146.23 with a downside target of 143.65. We should have a stop loss in place at 146.57 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, 146.23, 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 Herc Holdings Inc. (HRI) available here: HRI.
HRI Ratings for May 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
139.05 |
| P2 |
140.59 |
143.65 |
156.25 |
| P3 |
146.23 |
151.14 |
173.38 |
AI Generated Signals for HRI
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HRI:
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