December 28, 2022, 02:45 am ET, BY Allen K. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DJI
- Buy DJI slightly over 31377.88 target 33419.88 stop loss @ 31287.26 Details
The technical summary data tells us to buy DJI near 31377.88 with an upside target of 33419.88. This data also tells us to set a stop loss @ 31287.26 to protect against excessive loss in case the stock begins to move against the trade. 31377.88 is the first level of support below 33241.6 , and by rule, any test of support is a buy signal. In this case, support 31377.88 is being tested, a buy signal would exist.
- Short DJI slightly under 33419.88, target 31377.88, stop loss @ 33516.4 Details
The technical summary data is suggesting a short of DJI as it gets near 33419.88 with a downside target of 31377.88. We should have a stop loss in place at 33516.4though. 33419.88 is the first level of resistance above 33241.6, and by rule, any test of resistance is a short signal. In this case, if resistance 33419.88 is being tested, a short signal would exist.
Swing Trading Plans for DJI
- Buy DJI slightly over 33268.10, target 33419.88, Stop Loss @ 33172.02 Details
If 33268.10 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33268.10, with an upside target of 33419.88. The data also tells us to set a stop loss @ 33172.02 in case the stock turns against the trade. 33268.10 is the first level of resistance above 33241.6, and by rule, any break above resistance is a buy signal. In this case, 33268.10, 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 DJI slightly near 33268.10, target 32375.82, Stop Loss @ 33364.18. Details
The technical summary data is suggesting a short of DJI if it tests 33268.10 with a downside target of 32375.82. We should have a stop loss in place at 33364.18 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, 33268.10, 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 DJI
- Buy DJI slightly over 33268.10, target 33419.88, Stop Loss @ 33190.49 Details
If 33268.10 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33268.10, with an upside target of 33419.88. The data also tells us to set a stop loss @ 33190.49 in case the stock turns against the trade. 33268.10 is the first level of resistance above 33241.6, and by rule, any break above resistance is a buy signal. In this case, 33268.10, 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 DJI slightly near 33268.10, target 33007.70, Stop Loss @ 33345.71. Details
The technical summary data is suggesting a short of DJI if it tests 33268.10 with a downside target of 33007.70. We should have a stop loss in place at 33345.71 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, 33268.10, 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 Jones 30 Industrials (DJI) available here: DJI.
DJI Ratings for December 28:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
29157.82 |
P2 |
33007.70 |
32375.82 |
31377.88 |
P3 |
33450.19 |
33268.10 |
33419.88 |
AI Generated Signals for DJI
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for DJI: