Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
September 27, 2024, 19:52 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy PDP near 98.24 with an upside target of 103.54. This data also tells us to set a stop loss @ 97.96 to protect against excessive loss in case the stock begins to move against the trade. 98.24 is the first level of support below 102.79 , and by rule, any test of support is a buy signal. In this case, support 98.24 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of PDP as it gets near 103.54 with a downside target of 98.24. We should have a stop loss in place at 103.84though. 103.54 is the first level of resistance above 102.79, and by rule, any test of resistance is a short signal. In this case, if resistance 103.54 is being tested, so a short signal would exist.
If 103.54 begins to break higher, the technical summary data tells us to buy PDP just slightly over 103.54, with an upside target of 105.36. The data also tells us to set a stop loss @ 103.24 in case the stock turns against the trade. 103.54 is the first level of resistance above 102.79, and by rule, any break above resistance is a buy signal. In this case, 103.54, 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.
The technical summary data is suggesting a short of PDP if it tests 103.54 with a downside target of 98.24. We should have a stop loss in place at 103.84 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, 103.54, 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.
If 103.01 begins to break higher, the technical summary data tells us to buy PDP just slightly over 103.01, with an upside target of 103.57. The data also tells us to set a stop loss @ 102.77 in case the stock turns against the trade. 103.01 is the first level of resistance above 102.79, and by rule, any break above resistance is a buy signal. In this case, 103.01, 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.
The technical summary data is suggesting a short of PDP if it tests 103.01 with a downside target of 98.24. We should have a stop loss in place at 103.25 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, 103.01, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Invesco Dwa Momentum Etf (PDP) available here: PDP.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
The data for Invesco Dwa Momentum Etf (NYSE: PDP) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.