(RIGS) Long-term investment analysis

July 4, 2024, 5:14 AM ET, BY Rick W. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for RIGS

• Buy RIGS just above 22.65, target 23.23, stop loss at 22.58 details

The technical summary data tells us to buy RIGS at 22.65 with an upside target of 23.23. This data also tells us to set a stop loss at 22.58 to protect ourselves from excessive losses in case the stock starts moving against the trade. 22.65 is the first support level below 22.81 and any test of the support level is usually a buy signal. In this case, the support at 22.65 is tested, a buy signal would be present.

• Short RIGS just below 23.23, target 22.65, stop loss at 23.3 details

The technical summary data suggests a short of RIGS as it approaches 23.23, with a downside target of 22.65. However, we should place a stop loss at 23.3. 23.23 is the first resistance level above 22.81, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 23.23 resistance is tested.

Swing Trading Plans for RIGS

• Buy RIGS just above 23.23, target nz, stop loss at 23.16 details

If 23.23 starts to rise, the technical summary data tells us to buy RIGS just above 23.23, with an upside target of n/a. The data also tells us to set a stop loss at 23.16 in case the stock turns against the trade. 23.23 is the first resistance level above 22.81, and any break above resistance is usually a buy signal. In this case, 23.23, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short RIGS just near 23.23, target 22.76, stop loss at 23.3. details

The technical summary data suggests a short of RIGS if 23.23 is tested with a downside target of 22.76. However, we should place a stop loss at 23.3 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 23.23 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for RIGS

• Buy RIGS just above 23.23, target nz, stop loss at 23.18 details

If 23.23 starts to rise, the technical summary data tells us to buy RIGS just above 23.23, with an upside target of $n/a. The data also tells us to set a stop loss at 23.18 in case the stock turns against the trade. 23.23 is the first resistance level above 22.81, and any break above resistance is usually a buy signal. In this case, 23.23, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short RIGS just near 23.23, target 22.76, stop loss at 23.28. details

The technical summary data suggests a short of RIGS if 23.23 is tested with a downside target of 22.76. However, we should place a stop loss at 23.28 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 23.23 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Riverfront Strategic Income Fund (RIGS) available here: RIGS.

RIGS Ratings for July 4:

AI-generated signals for RIGS

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Technically, Riverfront Strategic Income Fund (NASDAQ: RIGS) offers opportunities for traders who monitor the stock’s price fluctuations over time.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for RIGS change over time, so the report should be updated regularly. Subscribers get real-time updates. 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, when RIGS tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or sell, and support would be the downside target accordingly. In any 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 to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for RIGS. All of these are offered below the summary table.