July 12, 2022, 21:30 pm ET, BYTom S.-Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Source: Stock Traders Daily
Longer Term Trading Plans for DIA
- Buy DIA over 308.00 target 325.70 stop loss @ 307.11 Details
The technical summary data tells us to buy DIA near 308.00 with an upside target of 325.70. This data also tells us to set a stop loss @ 307.11 to protect against excessive loss in case the stock begins to move against the trade. 308.00 is the first level of support below 309.97 , and by rule, any test of support is a buy signal. In this case, support 308.00 would be being tested, so a buy signal would exist.
- Short DIA under 325.70, target 308.00, stop loss @ 326.64 Details
The technical summary data is suggesting a short of DIA as it gets near 325.70 with a downside target of 308.00. We should have a stop loss in place at 326.64though. 325.70 is the first level of resistance above 309.97, and by rule, any test of resistance is a short signal. In this case, if resistance 325.70 is being tested, so a short signal would exist.
Swing Trading Plans for DIA
- Buy DIA over 315.69, target 325.70, Stop Loss @ 314.78 Details
If 315.69 begins to break higher, the technical summary data tells us to buy DIA just over 315.69, with an upside target of 325.70. The data also tells us to set a stop loss @ 314.78 in case the stock turns against the trade. 315.69 is the first level of resistance above 309.97, and by rule, any break above resistance is a buy signal. In this case, 315.69, 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 DIA near 315.69, target 308.72, Stop Loss @ 316.6. Details
The technical summary data is suggesting a short of DIA if it tests 315.69 with a downside target of 308.72. We should have a stop loss in place at 316.6 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, 315.69, 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 DIA
- Buy DIA over 311.82, target 315.69, Stop Loss @ 311.09 Details
If 311.82 begins to break higher, the technical summary data tells us to buy DIA just over 311.82, with an upside target of 315.69. The data also tells us to set a stop loss @ 311.09 in case the stock turns against the trade. 311.82 is the first level of resistance above 309.97, and by rule, any break above resistance is a buy signal. In this case, 311.82, 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 DIA near 311.82, target 308.72, Stop Loss @ 312.55. Details
The technical summary data is suggesting a short of DIA if it tests 311.82 with a downside target of 308.72. We should have a stop loss in place at 312.55 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, 311.82, 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.
DIA Ratings for July 12:
| Term → |
Near |
Mid |
Long |
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
308.00 |
| P2 |
311.82 |
308.72 |
325.70 |
| P3 |
316.29 |
315.69 |
342.68 |
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Fundamental Charts for DIA:
