When (PFSI) Moves Investors should Listen
December 26, 2024, 23:40 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PFSI
- Buy PFSI near 100.89 target 108.17 stop loss @ 100.6 Details
The technical summary data tells us to buy PFSI near 100.89 with an upside target of 108.17. This data also tells us to set a stop loss @ 100.6 to protect against excessive loss in case the stock begins to move against the trade. 100.89 is the first level of support below 102.97 , and by rule, any test of support is a buy signal. In this case, support 100.89 would be being tested, so a buy signal would exist.
- Short PFSI slightly under 108.17, target 100.89, stop loss @ 108.48 Details
The technical summary data is suggesting a short of PFSI as it gets near 108.17 with a downside target of 100.89. We should have a stop loss in place at 108.48though. 108.17 is the first level of resistance above 102.97, and by rule, any test of resistance is a short signal. In this case, if resistance 108.17 is being tested, so a short signal would exist.
Swing Trading Plans for PFSI
- Buy PFSI slightly over 108.17, target 115.84, Stop Loss @ 107.86 Details
If 108.17 begins to break higher, the technical summary data tells us to buy PFSI just slightly over 108.17, with an upside target of 115.84. The data also tells us to set a stop loss @ 107.86 in case the stock turns against the trade. 108.17 is the first level of resistance above 102.97, and by rule, any break above resistance is a buy signal. In this case, 108.17, 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 PFSI slightly near 108.17, target 102.91, Stop Loss @ 108.48. Details
The technical summary data is suggesting a short of PFSI if it tests 108.17 with a downside target of 102.91. We should have a stop loss in place at 108.48 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, 108.17, 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 PFSI
- Buy PFSI slightly over 103.8, target 108.17, Stop Loss @ 103.56 Details
If 103.8 begins to break higher, the technical summary data tells us to buy PFSI just slightly over 103.8, with an upside target of 108.17. The data also tells us to set a stop loss @ 103.56 in case the stock turns against the trade. 103.8 is the first level of resistance above 102.97, and by rule, any break above resistance is a buy signal. In this case, 103.8, 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 PFSI slightly near 103.8, target 102.91, Stop Loss @ 104.04. Details
The technical summary data is suggesting a short of PFSI if it tests 103.8 with a downside target of 102.91. We should have a stop loss in place at 104.04 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, 103.8, 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 Pennymac Financial Services Inc. (PFSI) available here: PFSI.
PFSI Ratings for December 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
100.89 |
| P2 |
100.84 |
99.41 |
108.17 |
| P3 |
103.8 |
102.91 |
115.84 |
AI Generated Signals for PFSI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Pennymac Financial Services Inc. (NASDAQ: PFSI) report below is a real world example. Included are trading plans for PFSI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PFSI:
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