When Darden Restaurants ($DRI) Moves Investors should Listen
February 25, 2023, 22:15 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DRI
- Buy DRI slightly over 141.02 target 152.67 stop loss @ 140.61 Details
The technical summary data tells us to buy DRI near 141.02 with an upside target of 152.67. This data also tells us to set a stop loss @ 140.61 to protect against excessive loss in case the stock begins to move against the trade. 141.02 is the first level of support below 144.53 , and by rule, any test of support is a buy signal. In this case, support 141.02 is being tested, a buy signal would exist.
- Short DRI slightly under 152.67, target 141.02, stop loss @ 153.11 Details
The technical summary data is suggesting a short of DRI as it gets near 152.67 with a downside target of 141.02. We should have a stop loss in place at 153.11though. 152.67 is the first level of resistance above 144.53, and by rule, any test of resistance is a short signal. In this case, if resistance 152.67 is being tested, a short signal would exist.
Swing Trading Plans for DRI
- Buy DRI slightly over 145.57, target 148.34, Stop Loss @ 145.15 Details
If 145.57 begins to break higher, the technical summary data tells us to buy DRI just slightly over 145.57, with an upside target of 148.34. The data also tells us to set a stop loss @ 145.15 in case the stock turns against the trade. 145.57 is the first level of resistance above 144.53, and by rule, any break above resistance is a buy signal. In this case, 145.57, 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 DRI slightly near 145.57, target 141.02, Stop Loss @ 145.99. Details
The technical summary data is suggesting a short of DRI if it tests 145.57 with a downside target of 141.02. We should have a stop loss in place at 145.99 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, 145.57, 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 DRI
- Buy DRI slightly over 145.57, target 147.80, Stop Loss @ 145.23 Details
If 145.57 begins to break higher, the technical summary data tells us to buy DRI just slightly over 145.57, with an upside target of 147.80. The data also tells us to set a stop loss @ 145.23 in case the stock turns against the trade. 145.57 is the first level of resistance above 144.53, and by rule, any break above resistance is a buy signal. In this case, 145.57, 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 DRI slightly near 145.57, target 141.02, Stop Loss @ 145.91. Details
The technical summary data is suggesting a short of DRI if it tests 145.57 with a downside target of 141.02. We should have a stop loss in place at 145.91 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, 145.57, 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 Darden Restaurants (DRI) available here: DRI.
DRI Ratings for February 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
129.17 |
| P2 |
147.80 |
145.57 |
141.02 |
| P3 |
149.37 |
148.34 |
152.67 |
AI Generated Signals for DRI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Darden Restaurants (NYSE: DRI) report below is a real world example. Included are trading plans for DRI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DRI:
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