How we can use the (RTO) price action to our advantage

July 14, 2024, 6:26 AM ET, BY Thomas H. Kee Jr. – Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for RTO

• Buy RTO just above 29.54, target n/a stop loss at 29.45. details

The technical summary data tells us to buy RTO at 29.54, but there is no current upside target from the summary chart. In this case, we should wait until either an update to the summary chart has occurred (which usually happens at the start of each trading day) or until the position is stopped. The data tells us to set a stop loss at 29.45 to protect ourselves from excessive losses in case the stock starts moving against the trade. 29.54 is the first support level below 30.5, and according to the rule, any test of support is a buy signal. In this case, a buy signal would be present if the support at 29.54 is tested.

• NONE . details

NONE .
There are currently no resistance levels listed in the summary chart and therefore no short resistance plans that prompt us to short on resistance tests. Resistance levels have broken higher and short positions appear risky unless the stock breaks back down and below support levels.

Swing Trading Plans for RTO

• Buy RTO just above 31.16, target nz, stop loss at 31.07 details

If 31.16 starts to rise, the technical summary data tells us to buy RTO just above 31.16, with an upside target of n/a. The data also tells us to set a stop loss at 31.07 in case the stock turns against the trade. 31.16 is the first resistance level above 30.5, and any break above resistance is usually a buy signal. In this case, 31.16, 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 RTO just near 31.16, target 30.43, stop loss at 31.25. details

The technical summary data suggests a short of RTO if 31.16 is tested with a downside target of 30.43. However, we should place a stop loss at 31.25 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 31.16 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 RTO

• Buy RTO just above 30.67, target 31.16, stop loss at 30.6 details

If 30.67 starts to rise, the technical summary data tells us to buy RTO just above 30.67, with an upside target of 31.16. The data also tells us to set a stop loss at 30.6 in case the stock turns against the trade. 30.67 is the first resistance level above 30.5, and any break above resistance is usually a buy signal. In this case, 30.67, the initial resistance, would rise to the upside, 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 RTO just near 30.67, target 30.43, stop loss at 30.74. details

The technical summary data suggests a short of RTO if 30.67 is tested with a downside target of 30.43. However, we should place a stop loss at 30.74 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 at 30.67 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 Rentokil Initial Plc American Depositary Shares (five (5) shares each) (RTO) available here: RTO.

RTO Ratings for July 14:

AI-generated signals for RTO

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Rentokil Initial Plc American Depositary Shares (five (5) shares each) The data table (NYSE:RTO) below can help you with the price trend and we also have more details. Trading plans for RTO are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on any other stock, you can get Unlimited Real-Time Reports here.