Trading (BRSP) With Integrated Risk Controls
October 20, 2024, 10:46 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BRSP
- Buy BRSP near 5.04 target 5.62 stop loss @ 5.03 Details
The technical summary data tells us to buy BRSP near 5.04 with an upside target of 5.62. This data also tells us to set a stop loss @ 5.03 to protect against excessive loss in case the stock begins to move against the trade. 5.04 is the first level of support below 5.47 , and by rule, any test of support is a buy signal. In this case, support 5.04 would be being tested, so a buy signal would exist.
- Short BRSP slightly under 5.62, target 5.04, stop loss @ 5.64 Details
The technical summary data is suggesting a short of BRSP as it gets near 5.62 with a downside target of 5.04. We should have a stop loss in place at 5.64though. 5.62 is the first level of resistance above 5.47, and by rule, any test of resistance is a short signal. In this case, if resistance 5.62 is being tested, so a short signal would exist.
Swing Trading Plans for BRSP
- Buy BRSP slightly over 5.62, target n/a, Stop Loss @ 5.6 Details
If 5.62 begins to break higher, the technical summary data tells us to buy BRSP just slightly over 5.62, with an upside target of n/a. The data also tells us to set a stop loss @ 5.6 in case the stock turns against the trade. 5.62 is the first level of resistance above 5.47, and by rule, any break above resistance is a buy signal. In this case, 5.62, 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 BRSP slightly near 5.62, target 5.04, Stop Loss @ 5.64. Details
The technical summary data is suggesting a short of BRSP if it tests 5.62 with a downside target of 5.04. We should have a stop loss in place at 5.64 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, 5.62, 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 BRSP
- Buy BRSP slightly over 5.62, target 6.19, Stop Loss @ 5.61 Details
If 5.62 begins to break higher, the technical summary data tells us to buy BRSP just slightly over 5.62, with an upside target of 6.19. The data also tells us to set a stop loss @ 5.61 in case the stock turns against the trade. 5.62 is the first level of resistance above 5.47, and by rule, any break above resistance is a buy signal. In this case, 5.62, 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 BRSP slightly near 5.62, target 5.04, Stop Loss @ 5.63. Details
The technical summary data is suggesting a short of BRSP if it tests 5.62 with a downside target of 5.04. We should have a stop loss in place at 5.63 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, 5.62, 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 Brightspire Capital Inc. Class A (BRSP) available here: BRSP.
BRSP Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
5.04 |
| P2 |
5.54 |
5.48 |
5.62 |
| P3 |
0 |
|
6.19 |
AI Generated Signals for BRSP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BRSP:
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