How To Trade (DGX)

June 18, 2024, 19:32 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DGX

• Buy DGX slightly over 133.98 target 142.49 stop loss @ 133.59 Details

The technical summary data tells us to buy DGX near 133.98 with an upside target of 142.49. This data also tells us to set a stop loss @ 133.59 to protect against excessive loss in case the stock begins to move against the trade. 133.98 is the first level of support below 137.3 , and by rule, any test of support is a buy signal. In this case, support 133.98 is being tested, a buy signal would exist.

• Short DGX slightly under 142.49, target 133.98, stop loss @ 142.9 Details

The technical summary data is suggesting a short of DGX as it gets near 142.49 with a downside target of 133.98. We should have a stop loss in place at 142.9though. 142.49 is the first level of resistance above 137.3, and by rule, any test of resistance is a short signal. In this case, if resistance 142.49 is being tested, a short signal would exist.

Swing Trading Plans for DGX

• Buy DGX slightly over 138.55, target 142.49, Stop Loss @ 138.15 Details

If 138.55 begins to break higher, the technical summary data tells us to buy DGX just slightly over 138.55, with an upside target of 142.49. The data also tells us to set a stop loss @ 138.15 in case the stock turns against the trade. 138.55 is the first level of resistance above 137.3, and by rule, any break above resistance is a buy signal. In this case, 138.55, 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 DGX slightly near 138.55, target 136.03, Stop Loss @ 138.95. Details

The technical summary data is suggesting a short of DGX if it tests 138.55 with a downside target of 136.03. We should have a stop loss in place at 138.95 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, 138.55, 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 DGX

• Buy DGX slightly over 137.37, target 138.55, Stop Loss @ 137.05 Details

If 137.37 begins to break higher, the technical summary data tells us to buy DGX just slightly over 137.37, with an upside target of 138.55. The data also tells us to set a stop loss @ 137.05 in case the stock turns against the trade. 137.37 is the first level of resistance above 137.3, and by rule, any break above resistance is a buy signal. In this case, 137.37, 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 DGX slightly near 137.37, target 136.3, Stop Loss @ 137.69. Details

The technical summary data is suggesting a short of DGX if it tests 137.37 with a downside target of 136.3. We should have a stop loss in place at 137.69 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, 137.37, 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 Quest Diagnostics Incorporated (DGX) available here: DGX.

DGX Ratings for June 18:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	125.5
P2	136.3	136.03	133.98
P3	137.37	138.55	142.49

AI Generated Signals for DGX

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This report provides trading strategies for Quest Diagnostics Incorporated (NYSE: DGX) while incorporating 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 DGX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DGX 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 DGX too.  All of these are offered below the Summary Table.