When (PNFP) Moves Investors should Listen
April 23, 2024, 22:12 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PNFP
- Buy PNFP slightly over 79.89 target 88.24 stop loss @ 79.66 Details
The technical summary data tells us to buy PNFP near 79.89 with an upside target of 88.24. This data also tells us to set a stop loss @ 79.66 to protect against excessive loss in case the stock begins to move against the trade. 79.89 is the first level of support below 81.34 , and by rule, any test of support is a buy signal. In this case, support 79.89 would be being tested, so a buy signal would exist.
- Short PNFP slightly under 88.24, target 79.89, stop loss @ 88.49 Details
The technical summary data is suggesting a short of PNFP as it gets near 88.24 with a downside target of 79.89. We should have a stop loss in place at 88.49though. 88.24 is the first level of resistance above 81.34, and by rule, any test of resistance is a short signal. In this case, if resistance 88.24 is being tested, so a short signal would exist.
Swing Trading Plans for PNFP
- Buy PNFP slightly over 81.68, target 88.24, Stop Loss @ 81.44 Details
If 81.68 begins to break higher, the technical summary data tells us to buy PNFP just slightly over 81.68, with an upside target of 88.24. The data also tells us to set a stop loss @ 81.44 in case the stock turns against the trade. 81.68 is the first level of resistance above 81.34, and by rule, any break above resistance is a buy signal. In this case, 81.68, 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 PNFP slightly near 81.68, target 79.89, Stop Loss @ 81.92. Details
The technical summary data is suggesting a short of PNFP if it tests 81.68 with a downside target of 79.89. We should have a stop loss in place at 81.92 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, 81.68, 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 PNFP
- Buy PNFP slightly over 81.68, target 83.36, Stop Loss @ 81.49 Details
If 81.68 begins to break higher, the technical summary data tells us to buy PNFP just slightly over 81.68, with an upside target of 83.36. The data also tells us to set a stop loss @ 81.49 in case the stock turns against the trade. 81.68 is the first level of resistance above 81.34, and by rule, any break above resistance is a buy signal. In this case, 81.68, 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 PNFP slightly near 81.68, target 81.34, Stop Loss @ 81.87. Details
The technical summary data is suggesting a short of PNFP if it tests 81.68 with a downside target of 81.34. We should have a stop loss in place at 81.87 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, 81.68, 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 Pinnacle Financial Partners Inc. (PNFP) available here: PNFP.
PNFP Ratings for April 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
79.89 |
| P2 |
81.34 |
77.45 |
88.24 |
| P3 |
83.36 |
81.68 |
96.78 |
AI Generated Signals for PNFP
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 Pinnacle Financial Partners Inc. (NASDAQ: PNFP) report below is a real world example. Included are trading plans for PNFP, 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 PNFP:
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