How the price action of Dow Inc ($DOW) is used to our Advantage
November 03, 2023, 16:30 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOW
- Buy DOW slightly over 49.02 target 52.90 stop loss @ 48.88 Details
The technical summary data tells us to buy DOW near 49.02 with an upside target of 52.90. This data also tells us to set a stop loss @ 48.88 to protect against excessive loss in case the stock begins to move against the trade. 49.02 is the first level of support below 49.73 , and by rule, any test of support is a buy signal. In this case, support 49.02 would be being tested, so a buy signal would exist.
- Short DOW slightly under 52.90, target 49.02, stop loss @ 53.05 Details
The technical summary data is suggesting a short of DOW as it gets near 52.90 with a downside target of 49.02. We should have a stop loss in place at 53.05though. 52.90 is the first level of resistance above 49.73, and by rule, any test of resistance is a short signal. In this case, if resistance 52.90 is being tested, so a short signal would exist.
Swing Trading Plans for DOW
- Buy DOW slightly over 52.90, target 56.66, Stop Loss @ 52.75 Details
If 52.90 begins to break higher, the technical summary data tells us to buy DOW just slightly over 52.90, with an upside target of 56.66. The data also tells us to set a stop loss @ 52.75 in case the stock turns against the trade. 52.90 is the first level of resistance above 49.73, and by rule, any break above resistance is a buy signal. In this case, 52.90, 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 DOW slightly near 52.90, target 49.02, Stop Loss @ 53.05. Details
The technical summary data is suggesting a short of DOW if it tests 52.90 with a downside target of 49.02. We should have a stop loss in place at 53.05 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, 52.90, 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 DOW
- Buy DOW slightly over 52.90, target 56.66, Stop Loss @ 52.78 Details
If 52.90 begins to break higher, the technical summary data tells us to buy DOW just slightly over 52.90, with an upside target of 56.66. The data also tells us to set a stop loss @ 52.78 in case the stock turns against the trade. 52.90 is the first level of resistance above 49.73, and by rule, any break above resistance is a buy signal. In this case, 52.90, 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 DOW slightly near 52.90, target 49.02, Stop Loss @ 53.02. Details
The technical summary data is suggesting a short of DOW if it tests 52.90 with a downside target of 49.02. We should have a stop loss in place at 53.02 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, 52.90, 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 Dow Inc (DOW) available here: DOW.
DOW Ratings for November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
49.02 |
| P2 |
48.18 |
47.09 |
52.90 |
| P3 |
48.87 |
48.53 |
56.66 |
AI Generated Signals for DOW
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 Dow Inc (NYSE: DOW) data table below can help you with price action, and we have more details too. Trading plans for DOW 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 DOW:
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