How the (DEO) price action is used to our Advantage
June 10, 2024, 22:48 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DEO
- Buy DEO slightly over 125.73 target 134.53 stop loss @ 125.37 Details
The technical summary data tells us to buy DEO near 125.73 with an upside target of 134.53. This data also tells us to set a stop loss @ 125.37 to protect against excessive loss in case the stock begins to move against the trade. 125.73 is the first level of support below 132.96 , and by rule, any test of support is a buy signal. In this case, support 125.73 would be being tested, so a buy signal would exist.
- Short DEO slightly under 134.53, target 125.73, stop loss @ 134.92 Details
The technical summary data is suggesting a short of DEO as it gets near 134.53 with a downside target of 125.73. We should have a stop loss in place at 134.92though. 134.53 is the first level of resistance above 132.96, and by rule, any test of resistance is a short signal. In this case, if resistance 134.53 is being tested, so a short signal would exist.
Swing Trading Plans for DEO
- Buy DEO slightly over 133.16, target 134.53, Stop Loss @ 132.78 Details
If 133.16 begins to break higher, the technical summary data tells us to buy DEO just slightly over 133.16, with an upside target of 134.53. The data also tells us to set a stop loss @ 132.78 in case the stock turns against the trade. 133.16 is the first level of resistance above 132.96, and by rule, any break above resistance is a buy signal. In this case, 133.16, 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 DEO slightly near 133.16, target 125.73, Stop Loss @ 133.54. Details
The technical summary data is suggesting a short of DEO if it tests 133.16 with a downside target of 125.73. We should have a stop loss in place at 133.54 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, 133.16, 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 DEO
- Buy DEO slightly over 133.16, target 134.53, Stop Loss @ 132.85 Details
If 133.16 begins to break higher, the technical summary data tells us to buy DEO just slightly over 133.16, with an upside target of 134.53. The data also tells us to set a stop loss @ 132.85 in case the stock turns against the trade. 133.16 is the first level of resistance above 132.96, and by rule, any break above resistance is a buy signal. In this case, 133.16, 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 DEO slightly near 133.16, target 125.73, Stop Loss @ 133.47. Details
The technical summary data is suggesting a short of DEO if it tests 133.16 with a downside target of 125.73. We should have a stop loss in place at 133.47 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, 133.16, 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 Diageo Plc (DEO) available here: DEO.
DEO Ratings for June 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Weak |
| P1 |
0 |
0 |
125.73 |
| P2 |
133.13 |
133.16 |
134.53 |
| P3 |
136.57 |
137.45 |
142.92 |
AI Generated Signals for DEO
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Diageo Plc (NYSE: DEO) data table below can help you with price action, and we have more details too. Trading plans for DEO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DEO:
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