Trading (RF) With Integrated Risk Controls
February 28, 2024, 11:14 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RF
- Buy RF slightly over 17.77 target 19.64 stop loss @ 17.72 Details
The technical summary data tells us to buy RF near 17.77 with an upside target of 19.64. This data also tells us to set a stop loss @ 17.72 to protect against excessive loss in case the stock begins to move against the trade. 17.77 is the first level of support below 18.645 , and by rule, any test of support is a buy signal. In this case, support 17.77 is being tested, a buy signal would exist.
- Short RF slightly under 19.64, target 17.77, stop loss @ 19.7 Details
The technical summary data is suggesting a short of RF as it gets near 19.64 with a downside target of 17.77. We should have a stop loss in place at 19.7though. 19.64 is the first level of resistance above 18.645, and by rule, any test of resistance is a short signal. In this case, if resistance 19.64 is being tested, a short signal would exist.
Swing Trading Plans for RF
- Buy RF slightly over 18.69, target 19.64, Stop Loss @ 18.64 Details
If 18.69 begins to break higher, the technical summary data tells us to buy RF just slightly over 18.69, with an upside target of 19.64. The data also tells us to set a stop loss @ 18.64 in case the stock turns against the trade. 18.69 is the first level of resistance above 18.645, and by rule, any break above resistance is a buy signal. In this case, 18.69, 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 RF slightly near 18.69, target 18.15, Stop Loss @ 18.74. Details
The technical summary data is suggesting a short of RF if it tests 18.69 with a downside target of 18.15. We should have a stop loss in place at 18.74 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, 18.69, 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 RF
- Buy RF slightly over 18.69, target 19.64, Stop Loss @ 18.65 Details
If 18.69 begins to break higher, the technical summary data tells us to buy RF just slightly over 18.69, with an upside target of 19.64. The data also tells us to set a stop loss @ 18.65 in case the stock turns against the trade. 18.69 is the first level of resistance above 18.645, and by rule, any break above resistance is a buy signal. In this case, 18.69, 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 RF slightly near 18.69, target 18.31, Stop Loss @ 18.73. Details
The technical summary data is suggesting a short of RF if it tests 18.69 with a downside target of 18.31. We should have a stop loss in place at 18.73 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, 18.69, 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 Regions Financial Corporation (RF) available here: RF.
RF Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
15.79 |
| P2 |
18.31 |
18.15 |
17.77 |
| P3 |
18.54 |
18.69 |
19.64 |
AI Generated Signals for RF
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RF:
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