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(RILYN) Proactive Strategies

Longer Term Trading Plans for RILYN
  • Buy RILYN slightly over 16.9 target 19.12 stop loss @ 16.85 Details
  • The technical summary data tells us to buy RILYN near 16.9 with an upside target of 19.12. This data also tells us to set a stop loss @ 16.85 to protect against excessive loss in case the stock begins to move against the trade. 16.9 is the first level of support below 17.1355 , and by rule, any test of support is a buy signal. In this case, support 16.9 would be being tested, so a buy signal would exist.

  • Short RILYN slightly under 19.12, target 16.9, stop loss @ 19.18 Details
  • The technical summary data is suggesting a short of RILYN as it gets near 19.12 with a downside target of 16.9. We should have a stop loss in place at 19.18though. 19.12 is the first level of resistance above 17.1355, and by rule, any test of resistance is a short signal. In this case, if resistance 19.12 is being tested, so a short signal would exist.

Swing Trading Plans for RILYN
  • Buy RILYN slightly over 17.79, target 19.12, Stop Loss @ 17.74 Details
  • If 17.79 begins to break higher, the technical summary data tells us to buy RILYN just slightly over 17.79, with an upside target of 19.12. The data also tells us to set a stop loss @ 17.74 in case the stock turns against the trade. 17.79 is the first level of resistance above 17.1355, and by rule, any break above resistance is a buy signal. In this case, 17.79, 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 RILYN slightly near 17.79, target 16.97, Stop Loss @ 17.84. Details
  • The technical summary data is suggesting a short of RILYN if it tests 17.79 with a downside target of 16.97. We should have a stop loss in place at 17.84 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, 17.79, 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 RILYN
  • Buy RILYN slightly over 17.22, target 17.79, Stop Loss @ 17.18 Details
  • If 17.22 begins to break higher, the technical summary data tells us to buy RILYN just slightly over 17.22, with an upside target of 17.79. The data also tells us to set a stop loss @ 17.18 in case the stock turns against the trade. 17.22 is the first level of resistance above 17.1355, and by rule, any break above resistance is a buy signal. In this case, 17.22, 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 RILYN slightly near 17.22, target 16.97, Stop Loss @ 17.26. Details
  • The technical summary data is suggesting a short of RILYN if it tests 17.22 with a downside target of 16.97. We should have a stop loss in place at 17.26 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, 17.22, 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.

Real Time Updates are available on our B. Riley Financial Inc. 6.50% Senior Notes Due 2026 (RILYN) Page here: RILYN.

RILYN Ratings for February 12:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 16.9
P2 16.94 16.97 19.12
P3 17.22 17.79 21.09
Triggers may have already come
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Support and Resistance Plot Chart for RILYN

RILYN Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Don't over think it!  Trading B. Riley Financial Inc. 6.50% Senior Notes Due 2026 (NASDAQ: RILYN) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RILYN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RILYN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RILYN too.  All of these are offered below the Summary Table.