How the (R) price action is used to our Advantage
April 09, 2024, 03:30 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for R
- Buy R slightly over 113.83 target 120.46 stop loss @ 113.5 Details
The technical summary data tells us to buy R near 113.83 with an upside target of 120.46. This data also tells us to set a stop loss @ 113.5 to protect against excessive loss in case the stock begins to move against the trade. 113.83 is the first level of support below 120.07 , and by rule, any test of support is a buy signal. In this case, support 113.83 would be being tested, so a buy signal would exist.
- Short R slightly under 120.46, target 113.83, stop loss @ 120.81 Details
The technical summary data is suggesting a short of R as it gets near 120.46 with a downside target of 113.83. We should have a stop loss in place at 120.81though. 120.46 is the first level of resistance above 120.07, and by rule, any test of resistance is a short signal. In this case, if resistance 120.46 is being tested, so a short signal would exist.
Swing Trading Plans for R
- Buy R slightly over 120.46, target 122.15, Stop Loss @ 120.11 Details
If 120.46 begins to break higher, the technical summary data tells us to buy R just slightly over 120.46, with an upside target of 122.15. The data also tells us to set a stop loss @ 120.11 in case the stock turns against the trade. 120.46 is the first level of resistance above 120.07, and by rule, any break above resistance is a buy signal. In this case, 120.46, 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 R slightly near 120.46, target 119.08, Stop Loss @ 120.81. Details
The technical summary data is suggesting a short of R if it tests 120.46 with a downside target of 119.08. We should have a stop loss in place at 120.81 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, 120.46, 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 R
- Buy R slightly over 120.65, target 122.15, Stop Loss @ 120.37 Details
If 120.65 begins to break higher, the technical summary data tells us to buy R just slightly over 120.65, with an upside target of 122.15. The data also tells us to set a stop loss @ 120.37 in case the stock turns against the trade. 120.65 is the first level of resistance above 120.07, and by rule, any break above resistance is a buy signal. In this case, 120.65, 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 R slightly near 120.65, target 119.08, Stop Loss @ 120.93. Details
The technical summary data is suggesting a short of R if it tests 120.65 with a downside target of 119.08. We should have a stop loss in place at 120.93 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, 120.65, 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 Ryder System Inc. (R) available here: R.
R Ratings for April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
113.83 |
| P2 |
118.55 |
119.08 |
120.46 |
| P3 |
120.65 |
122.15 |
127.24 |
AI Generated Signals for R
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 Ryder System Inc. (NYSE: R) data table below can help you with price action, and we have more details too. Trading plans for R 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 R:
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