Learn to Evaluate (ROK) using the Charts

January 05, 2024, 13:24 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROK

• Buy ROK slightly over 294.69 target 320.68 stop loss @ 293.84 Details

The technical summary data tells us to buy ROK near 294.69 with an upside target of 320.68. This data also tells us to set a stop loss @ 293.84 to protect against excessive loss in case the stock begins to move against the trade. 294.69 is the first level of support below 303.46 , and by rule, any test of support is a buy signal. In this case, support 294.69 is being tested, a buy signal would exist.

• Short ROK slightly under 320.68, target 294.69, stop loss @ 321.61 Details

The technical summary data is suggesting a short of ROK as it gets near 320.68 with a downside target of 294.69. We should have a stop loss in place at 321.61though. 320.68 is the first level of resistance above 303.46, and by rule, any test of resistance is a short signal. In this case, if resistance 320.68 is being tested, a short signal would exist.

Swing Trading Plans for ROK

• Buy ROK slightly over 304.8, target 311.12, Stop Loss @ 303.92 Details

If 304.8 begins to break higher, the technical summary data tells us to buy ROK just slightly over 304.8, with an upside target of 311.12. The data also tells us to set a stop loss @ 303.92 in case the stock turns against the trade. 304.8 is the first level of resistance above 303.46, and by rule, any break above resistance is a buy signal. In this case, 304.8, 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 ROK slightly near 304.8, target 294.69, Stop Loss @ 305.68. Details

The technical summary data is suggesting a short of ROK if it tests 304.8 with a downside target of 294.69. We should have a stop loss in place at 305.68 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, 304.8, 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 ROK

• Buy ROK slightly over 304.8, target 306.22, Stop Loss @ 304.09 Details

If 304.8 begins to break higher, the technical summary data tells us to buy ROK just slightly over 304.8, with an upside target of 306.22. The data also tells us to set a stop loss @ 304.09 in case the stock turns against the trade. 304.8 is the first level of resistance above 303.46, and by rule, any break above resistance is a buy signal. In this case, 304.8, 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 ROK slightly near 304.8, target 303.36, Stop Loss @ 305.51. Details

The technical summary data is suggesting a short of ROK if it tests 304.8 with a downside target of 303.36. We should have a stop loss in place at 305.51 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, 304.8, 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  Rockwell Automation Inc. (ROK) available here: ROK.

ROK Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	268.77
P2	303.36	304.8	294.69
P3	306.22	311.12	320.68

AI Generated Signals for ROK

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Rockwell Automation Inc. (NYSE: ROK) report below can help you understand how to do this. The trading plans for ROK, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.