Technical Analysis

Longer Term Trading Plans for RBC

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short RBC slightly under 527.25, target n/a, stop loss @ 528.77 Details

The technical summary data is suggesting a short of RBC as it gets near 527.25, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 528.77. 527.25 is the first level of resistance above 515.56, and by rule, any test of resistance is a short signal. In this case, if resistance 527.25 is being tested, so a short signal would exist.

Swing Trading Plans for RBC

• Buy RBC slightly over 527.25, target 594.98, Stop Loss @ 525.73 Details

If 527.25 begins to break higher, the technical summary data tells us to buy RBC just over 527.25, with an upside target of 594.98. The data also tells us to set a stop loss @ 525.73 in case the stock turns against the trade. 527.25 is the first level of resistance above 515.56, and by rule, any break above resistance is a buy signal. In this case, 527.25, 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 RBC slightly near 527.25, target 513.69, Stop Loss @ 528.77. Details

The technical summary data is suggesting a short of RBC if it tests 527.25 with a downside target of 513.69. We should have a stop loss in place at 528.77 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, 527.25, 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 RBC

• Buy RBC slightly over 516.5, target 527.25, Stop Loss @ 515.3 Details

If 516.5 begins to break higher, the technical summary data tells us to buy RBC just over 516.5, with an upside target of 527.25. The data also tells us to set a stop loss @ 515.3 in case the stock turns against the trade. 516.5 is the first level of resistance above 515.56, and by rule, any break above resistance is a buy signal. In this case, 516.5, 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 RBC slightly near 516.5, target 513.69, Stop Loss @ 517.7. Details

The technical summary data is suggesting a short of RBC if it tests 516.5 with a downside target of 513.69. We should have a stop loss in place at 517.7 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, 516.5, 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.

RBC Technical Summary | Raw Data for the Trading Plans