(ROP) Proactive Strategies

January 27, 2024, 04:36 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROP

• Buy ROP slightly over 540.56 target 555.74 stop loss @ 539 Details

The technical summary data tells us to buy ROP near 540.56 with an upside target of 555.74. This data also tells us to set a stop loss @ 539 to protect against excessive loss in case the stock begins to move against the trade. 540.56 is the first level of support below 549.68 , and by rule, any test of support is a buy signal. In this case, support 540.56 is being tested, a buy signal would exist.

• Short ROP slightly under 555.74, target 540.56, stop loss @ 557.34 Details

The technical summary data is suggesting a short of ROP as it gets near 555.74 with a downside target of 540.56. We should have a stop loss in place at 557.34though. 555.74 is the first level of resistance above 549.68, and by rule, any test of resistance is a short signal. In this case, if resistance 555.74 is being tested, a short signal would exist.

Swing Trading Plans for ROP

• Buy ROP slightly over 550.83, target 555.74, Stop Loss @ 549.24 Details

If 550.83 begins to break higher, the technical summary data tells us to buy ROP just slightly over 550.83, with an upside target of 555.74. The data also tells us to set a stop loss @ 549.24 in case the stock turns against the trade. 550.83 is the first level of resistance above 549.68, and by rule, any break above resistance is a buy signal. In this case, 550.83, 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 ROP slightly near 550.83, target 540.56, Stop Loss @ 552.42. Details

The technical summary data is suggesting a short of ROP if it tests 550.83 with a downside target of 540.56. We should have a stop loss in place at 552.42 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, 550.83, 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 ROP

• Buy ROP slightly over 550.43, target 550.83, Stop Loss @ 549.15 Details

If 550.43 begins to break higher, the technical summary data tells us to buy ROP just slightly over 550.43, with an upside target of 550.83. The data also tells us to set a stop loss @ 549.15 in case the stock turns against the trade. 550.43 is the first level of resistance above 549.68, and by rule, any break above resistance is a buy signal. In this case, 550.43, 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 ROP slightly near 550.43, target 540.56, Stop Loss @ 551.71. Details

The technical summary data is suggesting a short of ROP if it tests 550.43 with a downside target of 540.56. We should have a stop loss in place at 551.71 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, 550.43, 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 Roper Technologies Inc. (ROP) available here: ROP.

ROP Ratings for January 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	523.22
P2	550.43	550.83	540.56
P3	554.45	557.75	555.74

AI Generated Signals for ROP

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Don't over think it!  Trading Roper Technologies Inc. (NYSE: ROP) 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 ROP 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 ROP 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 ROP too.  All of these are offered below the Summary Table.