pool adsPowershares Ftse Rafi Us 1500 $PRFZ Technical Update
The Powershares Ftse Rafi Us 1500 (NASDAQ: PRFZ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for PRFZ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 142.72 | 141.41 | 137.60 |
| P2 | 143.34 | 144.58 | 144.61 |
| P3 | 144.31 | 147.49 | 150.95 |
Support and Resistance Plot Chart for PRFZ
Long Term Trading Plans for PRFZ
September 19, 2018, 3:30 pm ET
The Technical Summary and Trading Plans for PRFZ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PRFZ Report.
PRFZ - (Long) Support Plan
Buy over 137.60 target 144.61 stop loss @ 137.34.
The technical summary data tells us to buy PRFZ near 137.60 with an upside target of 144.61. This data also tells us to set a stop loss @ 137.34 to protect against excessive loss in case the stock begins to move against the trade. 137.60 is the first level of support below 143.33 , and by rule, any test of support is a buy signal. In this case, support 137.60 would be being tested, so a buy signal would exist.
PRFZ - (Short) Resistance Plan
Short under 144.61 target 137.60 stop loss @ 144.87.
The technical summary data is suggesting a short of PRFZ as it gets near 144.61 with a downside target of 137.60. We should have a stop loss in place at 144.87 though. 144.61 is the first level of resistance above 143.33, and by rule, any test of resistance is a short signal. In this case, if resistance 144.61 is being tested, so a short signal would exist.
