How the (ROG) price action is used to our Advantage
February 06, 2024, 21:16 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ROG
- Buy ROG slightly over 109.2 target 121.74 stop loss @ 108.88 Details
The technical summary data tells us to buy ROG near 109.2 with an upside target of 121.74. This data also tells us to set a stop loss @ 108.88 to protect against excessive loss in case the stock begins to move against the trade. 109.2 is the first level of support below 116.38 , and by rule, any test of support is a buy signal. In this case, support 109.2 would be being tested, so a buy signal would exist.
- Short ROG slightly under 121.74, target 109.2, stop loss @ 122.09 Details
The technical summary data is suggesting a short of ROG as it gets near 121.74 with a downside target of 109.2. We should have a stop loss in place at 122.09though. 121.74 is the first level of resistance above 116.38, and by rule, any test of resistance is a short signal. In this case, if resistance 121.74 is being tested, so a short signal would exist.
Swing Trading Plans for ROG
- Buy ROG slightly over 117.77, target 121.74, Stop Loss @ 117.43 Details
If 117.77 begins to break higher, the technical summary data tells us to buy ROG just slightly over 117.77, with an upside target of 121.74. The data also tells us to set a stop loss @ 117.43 in case the stock turns against the trade. 117.77 is the first level of resistance above 116.38, and by rule, any break above resistance is a buy signal. In this case, 117.77, 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 ROG slightly near 117.77, target 115.09, Stop Loss @ 118.11. Details
The technical summary data is suggesting a short of ROG if it tests 117.77 with a downside target of 115.09. We should have a stop loss in place at 118.11 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, 117.77, 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 ROG
- Buy ROG slightly over 117.22, target 117.77, Stop Loss @ 116.95 Details
If 117.22 begins to break higher, the technical summary data tells us to buy ROG just slightly over 117.22, with an upside target of 117.77. The data also tells us to set a stop loss @ 116.95 in case the stock turns against the trade. 117.22 is the first level of resistance above 116.38, and by rule, any break above resistance is a buy signal. In this case, 117.22, 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 ROG slightly near 117.22, target 115.09, Stop Loss @ 117.49. Details
The technical summary data is suggesting a short of ROG if it tests 117.22 with a downside target of 115.09. We should have a stop loss in place at 117.49 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, 117.22, 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 Rogers Corporation (ROG) available here: ROG.
ROG Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
109.2 |
| P2 |
115.04 |
115.09 |
121.74 |
| P3 |
117.22 |
117.77 |
133.99 |
AI Generated Signals for ROG
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 Rogers Corporation (NYSE: ROG) data table below can help you with price action, and we have more details too. Trading plans for ROG 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 ROG:
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