Trading (RRGB) With Integrated Risk Controls

November 18, 2024, 22:30 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RRGB

• Buy RRGB near 4 target 5.66 stop loss @ 3.99 Details

The technical summary data tells us to buy RRGB near 4 with an upside target of 5.66. This data also tells us to set a stop loss @ 3.99 to protect against excessive loss in case the stock begins to move against the trade. 4 is the first level of support below 5.275 , and by rule, any test of support is a buy signal. In this case, support 4 is being tested, a buy signal would exist.

• Short RRGB slightly under 5.66, target 4, stop loss @ 5.68 Details

The technical summary data is suggesting a short of RRGB as it gets near 5.66 with a downside target of 4. We should have a stop loss in place at 5.68though. 5.66 is the first level of resistance above 5.275, and by rule, any test of resistance is a short signal. In this case, if resistance 5.66 is being tested, a short signal would exist.

Swing Trading Plans for RRGB

• Buy RRGB slightly over 5.29, target 5.66, Stop Loss @ 5.27 Details

If 5.29 begins to break higher, the technical summary data tells us to buy RRGB just slightly over 5.29, with an upside target of 5.66. The data also tells us to set a stop loss @ 5.27 in case the stock turns against the trade. 5.29 is the first level of resistance above 5.275, and by rule, any break above resistance is a buy signal. In this case, 5.29, 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 RRGB slightly near 5.29, target 4.66, Stop Loss @ 5.31. Details

The technical summary data is suggesting a short of RRGB if it tests 5.29 with a downside target of 4.66. We should have a stop loss in place at 5.31 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, 5.29, 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 RRGB

• Buy RRGB slightly over 5.38, target 5.66, Stop Loss @ 5.37 Details

If 5.38 begins to break higher, the technical summary data tells us to buy RRGB just slightly over 5.38, with an upside target of 5.66. The data also tells us to set a stop loss @ 5.37 in case the stock turns against the trade. 5.38 is the first level of resistance above 5.275, and by rule, any break above resistance is a buy signal. In this case, 5.38, 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 RRGB slightly near 5.38, target 4.66, Stop Loss @ 5.39. Details

The technical summary data is suggesting a short of RRGB if it tests 5.38 with a downside target of 4.66. We should have a stop loss in place at 5.39 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, 5.38, 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 Red Robin Gourmet Burgers Inc. (RRGB) available here: RRGB.

RRGB Ratings for November 18:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	2.35
P2	5.38	4.66	4
P3	0	5.29	5.66

AI Generated Signals for RRGB

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