(PSI) Trading Advice

December 20, 2024, 23:38 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSI

• Buy PSI near 53.21 target 59.1 stop loss @ 53.06 Details

The technical summary data tells us to buy PSI near 53.21 with an upside target of 59.1. This data also tells us to set a stop loss @ 53.06 to protect against excessive loss in case the stock begins to move against the trade. 53.21 is the first level of support below 57.95 , and by rule, any test of support is a buy signal. In this case, support 53.21 would be being tested, so a buy signal would exist.

• Short PSI slightly under 59.1, target 53.21, stop loss @ 59.27 Details

The technical summary data is suggesting a short of PSI as it gets near 59.1 with a downside target of 53.21. We should have a stop loss in place at 59.27though. 59.1 is the first level of resistance above 57.95, and by rule, any test of resistance is a short signal. In this case, if resistance 59.1 is being tested, so a short signal would exist.

Swing Trading Plans for PSI

• Buy PSI slightly over 58.49, target 59.1, Stop Loss @ 58.32 Details

If 58.49 begins to break higher, the technical summary data tells us to buy PSI just slightly over 58.49, with an upside target of 59.1. The data also tells us to set a stop loss @ 58.32 in case the stock turns against the trade. 58.49 is the first level of resistance above 57.95, and by rule, any break above resistance is a buy signal. In this case, 58.49, 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 PSI slightly near 58.49, target 53.21, Stop Loss @ 58.66. Details

The technical summary data is suggesting a short of PSI if it tests 58.49 with a downside target of 53.21. We should have a stop loss in place at 58.66 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, 58.49, 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 PSI

• Buy PSI slightly over 58.49, target 59.1, Stop Loss @ 58.35 Details

If 58.49 begins to break higher, the technical summary data tells us to buy PSI just slightly over 58.49, with an upside target of 59.1. The data also tells us to set a stop loss @ 58.35 in case the stock turns against the trade. 58.49 is the first level of resistance above 57.95, and by rule, any break above resistance is a buy signal. In this case, 58.49, 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 PSI slightly near 58.49, target 57.49, Stop Loss @ 58.63. Details

The technical summary data is suggesting a short of PSI if it tests 58.49 with a downside target of 57.49. We should have a stop loss in place at 58.63 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, 58.49, 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 Dynamic Semiconductors Etf (PSI) available here: PSI.

PSI Ratings for December 20:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	53.21
P2	57.49	58.49	59.1
P3	59.98	61	64.92

AI Generated Signals for PSI

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Invesco Dynamic Semiconductors Etf (NYSE: PSI) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PSI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PSI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each 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 it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PSI too.  All of these are offered below the Summary Table.