How the (RGLD) price action is used to our Advantage
November 03, 2024, 23:06 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RGLD
- Buy RGLD near 142.29 target 151.84 stop loss @ 141.88 Details
The technical summary data tells us to buy RGLD near 142.29 with an upside target of 151.84. This data also tells us to set a stop loss @ 141.88 to protect against excessive loss in case the stock begins to move against the trade. 142.29 is the first level of support below 145.45 , and by rule, any test of support is a buy signal. In this case, support 142.29 is being tested, a buy signal would exist.
- Short RGLD slightly under 151.84, target 142.29, stop loss @ 152.28 Details
The technical summary data is suggesting a short of RGLD as it gets near 151.84 with a downside target of 142.29. We should have a stop loss in place at 152.28though. 151.84 is the first level of resistance above 145.45, and by rule, any test of resistance is a short signal. In this case, if resistance 151.84 is being tested, a short signal would exist.
Swing Trading Plans for RGLD
- Buy RGLD slightly over 146.43, target 151.22, Stop Loss @ 146.01 Details
If 146.43 begins to break higher, the technical summary data tells us to buy RGLD just slightly over 146.43, with an upside target of 151.22. The data also tells us to set a stop loss @ 146.01 in case the stock turns against the trade. 146.43 is the first level of resistance above 145.45, and by rule, any break above resistance is a buy signal. In this case, 146.43, 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 RGLD slightly near 146.43, target 142.29, Stop Loss @ 146.85. Details
The technical summary data is suggesting a short of RGLD if it tests 146.43 with a downside target of 142.29. We should have a stop loss in place at 146.85 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, 146.43, 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 RGLD
- Buy RGLD slightly over 146.43, target 147.78, Stop Loss @ 146.09 Details
If 146.43 begins to break higher, the technical summary data tells us to buy RGLD just slightly over 146.43, with an upside target of 147.78. The data also tells us to set a stop loss @ 146.09 in case the stock turns against the trade. 146.43 is the first level of resistance above 145.45, and by rule, any break above resistance is a buy signal. In this case, 146.43, 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 RGLD slightly near 146.43, target 144.41, Stop Loss @ 146.77. Details
The technical summary data is suggesting a short of RGLD if it tests 146.43 with a downside target of 144.41. We should have a stop loss in place at 146.77 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, 146.43, 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 Royal Gold Inc. (RGLD) available here: RGLD.
RGLD Ratings for November 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
133.01 |
| P2 |
144.41 |
146.43 |
142.29 |
| P3 |
147.78 |
151.22 |
151.84 |
AI Generated Signals for RGLD
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 Royal Gold Inc. (NASDAQ: RGLD) data table below can help you with price action, and we have more details too. Trading plans for RGLD 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 RGLD:
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