When the Price of (RS) Talks, People Listen

February 03, 2025, 20:16 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RS

• Buy RS near 281.58 target 305.03 stop loss @ 280.77 Details

The technical summary data tells us to buy RS near 281.58 with an upside target of 305.03. This data also tells us to set a stop loss @ 280.77 to protect against excessive loss in case the stock begins to move against the trade. 281.58 is the first level of support below 285.86 , and by rule, any test of support is a buy signal. In this case, support 281.58 is being tested, a buy signal would exist.

• Short RS slightly under 305.03, target 281.58, stop loss @ 305.91 Details

The technical summary data is suggesting a short of RS as it gets near 305.03 with a downside target of 281.58. We should have a stop loss in place at 305.91though. 305.03 is the first level of resistance above 285.86, and by rule, any test of resistance is a short signal. In this case, if resistance 305.03 is being tested, a short signal would exist.

Swing Trading Plans for RS

• Buy RS slightly over 288.32, target 295.56, Stop Loss @ 287.49 Details

If 288.32 begins to break higher, the technical summary data tells us to buy RS just slightly over 288.32, with an upside target of 295.56. The data also tells us to set a stop loss @ 287.49 in case the stock turns against the trade. 288.32 is the first level of resistance above 285.86, and by rule, any break above resistance is a buy signal. In this case, 288.32, 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 RS slightly near 288.32, target 281.58, Stop Loss @ 289.15. Details

The technical summary data is suggesting a short of RS if it tests 288.32 with a downside target of 281.58. We should have a stop loss in place at 289.15 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, 288.32, 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 RS

• Buy RS slightly over 286, target 288.32, Stop Loss @ 285.33 Details

If 286 begins to break higher, the technical summary data tells us to buy RS just slightly over 286, with an upside target of 288.32. The data also tells us to set a stop loss @ 285.33 in case the stock turns against the trade. 286 is the first level of resistance above 285.86, and by rule, any break above resistance is a buy signal. In this case, 286, 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 RS slightly near 286, target 281.58, Stop Loss @ 286.67. Details

The technical summary data is suggesting a short of RS if it tests 286 with a downside target of 281.58. We should have a stop loss in place at 286.67 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, 286, 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 Reliance Steel & Aluminum Co. (de) (RS) available here: RS.

RS Ratings for February 03:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	258.59
P2	286	288.32	281.58
P3	292.18	295.56	305.03

AI Generated Signals for RS

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Reliance Steel & Aluminum Co. (de) (NYSE: RS) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for RS can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.