How the (PJT) price action is used to our Advantage
August 26, 2024, 08:08 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PJT
- Buy PJT slightly over 116.86 target 126.77 stop loss @ 116.52 Details
The technical summary data tells us to buy PJT near 116.86 with an upside target of 126.77. This data also tells us to set a stop loss @ 116.52 to protect against excessive loss in case the stock begins to move against the trade. 116.86 is the first level of support below 125.65 , and by rule, any test of support is a buy signal. In this case, support 116.86 is being tested, a buy signal would exist.
- Short PJT slightly under 126.77, target 116.86, stop loss @ 127.14 Details
The technical summary data is suggesting a short of PJT as it gets near 126.77 with a downside target of 116.86. We should have a stop loss in place at 127.14though. 126.77 is the first level of resistance above 125.65, and by rule, any test of resistance is a short signal. In this case, if resistance 126.77 is being tested, a short signal would exist.
Swing Trading Plans for PJT
- Buy PJT slightly over 126.37, target 126.77, Stop Loss @ 126.01 Details
If 126.37 begins to break higher, the technical summary data tells us to buy PJT just slightly over 126.37, with an upside target of 126.77. The data also tells us to set a stop loss @ 126.01 in case the stock turns against the trade. 126.37 is the first level of resistance above 125.65, and by rule, any break above resistance is a buy signal. In this case, 126.37, 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 PJT slightly near 126.37, target 122.81, Stop Loss @ 126.73. Details
The technical summary data is suggesting a short of PJT if it tests 126.37 with a downside target of 122.81. We should have a stop loss in place at 126.73 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, 126.37, 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 PJT
- Buy PJT slightly over 126.05, target 126.37, Stop Loss @ 125.76 Details
If 126.05 begins to break higher, the technical summary data tells us to buy PJT just slightly over 126.05, with an upside target of 126.37. The data also tells us to set a stop loss @ 125.76 in case the stock turns against the trade. 126.05 is the first level of resistance above 125.65, and by rule, any break above resistance is a buy signal. In this case, 126.05, 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 PJT slightly near 126.05, target 123.19, Stop Loss @ 126.34. Details
The technical summary data is suggesting a short of PJT if it tests 126.05 with a downside target of 123.19. We should have a stop loss in place at 126.34 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, 126.05, 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 Pjt Partners Inc. Class A (PJT) available here: PJT.
PJT Ratings for August 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
107.75 |
| P2 |
123.19 |
122.81 |
116.86 |
| P3 |
126.05 |
126.37 |
126.77 |
AI Generated Signals for PJT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Pjt Partners Inc. Class A (NYSE: PJT) data table below can help you with price action, and we have more details too. Trading plans for PJT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PJT:
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