How the (PTC) price action is used to our Advantage
April 24, 2024, 00:30 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PTC
- Buy PTC slightly over 174.63 target 185.38 stop loss @ 174.13 Details
The technical summary data tells us to buy PTC near 174.63 with an upside target of 185.38. This data also tells us to set a stop loss @ 174.13 to protect against excessive loss in case the stock begins to move against the trade. 174.63 is the first level of support below 180.44 , and by rule, any test of support is a buy signal. In this case, support 174.63 would be being tested, so a buy signal would exist.
- Short PTC slightly under 185.38, target 174.63, stop loss @ 185.92 Details
The technical summary data is suggesting a short of PTC as it gets near 185.38 with a downside target of 174.63. We should have a stop loss in place at 185.92though. 185.38 is the first level of resistance above 180.44, and by rule, any test of resistance is a short signal. In this case, if resistance 185.38 is being tested, so a short signal would exist.
Swing Trading Plans for PTC
- Buy PTC slightly over 185.38, target 196.27, Stop Loss @ 184.84 Details
If 185.38 begins to break higher, the technical summary data tells us to buy PTC just slightly over 185.38, with an upside target of 196.27. The data also tells us to set a stop loss @ 184.84 in case the stock turns against the trade. 185.38 is the first level of resistance above 180.44, and by rule, any break above resistance is a buy signal. In this case, 185.38, 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 PTC slightly near 185.38, target 177.55, Stop Loss @ 185.92. Details
The technical summary data is suggesting a short of PTC if it tests 185.38 with a downside target of 177.55. We should have a stop loss in place at 185.92 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, 185.38, 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 PTC
- Buy PTC slightly over 185.38, target 196.27, Stop Loss @ 184.95 Details
If 185.38 begins to break higher, the technical summary data tells us to buy PTC just slightly over 185.38, with an upside target of 196.27. The data also tells us to set a stop loss @ 184.95 in case the stock turns against the trade. 185.38 is the first level of resistance above 180.44, and by rule, any break above resistance is a buy signal. In this case, 185.38, 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 PTC slightly near 185.38, target 179.95, Stop Loss @ 185.81. Details
The technical summary data is suggesting a short of PTC if it tests 185.38 with a downside target of 179.95. We should have a stop loss in place at 185.81 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, 185.38, 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 Ptc Inc. (PTC) available here: PTC.
PTC Ratings for April 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
174.63 |
| P2 |
176.69 |
173.03 |
185.38 |
| P3 |
179.95 |
177.55 |
196.27 |
AI Generated Signals for PTC
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 Ptc Inc. (NYSE: PTC) data table below can help you with price action, and we have more details too. Trading plans for PTC 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 PTC:
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