Robert Half International RHI Investment Advice

July 25, 2021, 00:00 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The support and resistance levels for Robert Half International (NYSE: RHI) define prudent trading and investing plans, which are revealed herein.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RHI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RHI 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 RHI too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for RHI

• Buy RHI slightly over 91.31 target 96.91 stop loss @ 91.05 Details

The technical summary data tells us to buy RHI near 91.31 with an upside target of 96.91. This data also tells us to set a stop loss @ 91.05 to protect against excessive loss in case the stock begins to move against the trade. 91.31 is the first level of support below 92.87 , and by rule, any test of support is a buy signal. In this case, support 91.31 is being tested, a buy signal would exist.

• Short RHI under 96.91, target 91.31, stop loss @ 97.19 Details

The technical summary data is suggesting a short of RHI as it gets near 96.91 with a downside target of 91.31. We should have a stop loss in place at 97.19though. 96.91 is the first level of resistance above 92.87, and by rule, any test of resistance is a short signal. In this case, if resistance 96.91 is being tested, a short signal would exist.

Swing Trading Plans for RHI

• Buy RHI slightly over 96.91, target n/a, Stop Loss @ 96.63 Details

If 96.91 begins to break higher, the technical summary data tells us to buy RHI just slightly over 96.91, with an upside target of n/a. The data also tells us to set a stop loss @ 96.63 in case the stock turns against the trade. 96.91 is the first level of resistance above 92.87, and by rule, any break above resistance is a buy signal. In this case, 96.91, 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 RHI near 96.91, target 91.31, Stop Loss @ 97.19. Details

The technical summary data is suggesting a short of RHI if it tests 96.91 with a downside target of 91.31. We should have a stop loss in place at 97.19 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, 96.91, 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 RHI

• Buy RHI slightly over 96.91, target n/a, Stop Loss @ 96.68 Details

If 96.91 begins to break higher, the technical summary data tells us to buy RHI just slightly over 96.91, with an upside target of n/a. The data also tells us to set a stop loss @ 96.68 in case the stock turns against the trade. 96.91 is the first level of resistance above 92.87, and by rule, any break above resistance is a buy signal. In this case, 96.91, 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 RHI near 96.91, target 91.31, Stop Loss @ 97.14. Details

The technical summary data is suggesting a short of RHI if it tests 96.91 with a downside target of 91.31. We should have a stop loss in place at 97.14 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, 96.91, 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.

RHI Ratings for July 25:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	85.65
P2	85.56	84.90	91.31
P3	87.76	87.15	96.91

Support and Resistance Plot Chart for RHI

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.