Learn to Evaluate (PNRG) using the Charts

January 20, 2025, 06:10 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PNRG

• Buy PNRG near 190.57 target 220.65 stop loss @ 190.02 Details

The technical summary data tells us to buy PNRG near 190.57 with an upside target of 220.65. This data also tells us to set a stop loss @ 190.02 to protect against excessive loss in case the stock begins to move against the trade. 190.57 is the first level of support below 213.37 , and by rule, any test of support is a buy signal. In this case, support 190.57 is being tested, a buy signal would exist.

• Short PNRG slightly under 220.65, target 190.57, stop loss @ 221.29 Details

The technical summary data is suggesting a short of PNRG as it gets near 220.65 with a downside target of 190.57. We should have a stop loss in place at 221.29though. 220.65 is the first level of resistance above 213.37, and by rule, any test of resistance is a short signal. In this case, if resistance 220.65 is being tested, a short signal would exist.

Swing Trading Plans for PNRG

• Buy PNRG slightly over 220.65, target n/a, Stop Loss @ 220.01 Details

If 220.65 begins to break higher, the technical summary data tells us to buy PNRG just slightly over 220.65, with an upside target of n/a. The data also tells us to set a stop loss @ 220.01 in case the stock turns against the trade. 220.65 is the first level of resistance above 213.37, and by rule, any break above resistance is a buy signal. In this case, 220.65, 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 PNRG slightly near 220.65, target 213.19, Stop Loss @ 221.29. Details

The technical summary data is suggesting a short of PNRG if it tests 220.65 with a downside target of 213.19. We should have a stop loss in place at 221.29 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, 220.65, 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 PNRG

• Buy PNRG slightly over 216.19, target 220.65, Stop Loss @ 215.69 Details

If 216.19 begins to break higher, the technical summary data tells us to buy PNRG just slightly over 216.19, with an upside target of 220.65. The data also tells us to set a stop loss @ 215.69 in case the stock turns against the trade. 216.19 is the first level of resistance above 213.37, and by rule, any break above resistance is a buy signal. In this case, 216.19, 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 PNRG slightly near 216.19, target 213.19, Stop Loss @ 216.69. Details

The technical summary data is suggesting a short of PNRG if it tests 216.19 with a downside target of 213.19. We should have a stop loss in place at 216.69 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, 216.19, 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  Primeenergy Resources Corporation (PNRG) available here: PNRG.

PNRG Ratings for January 20:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	163.87
P2	207.48	202.21	190.57
P3	216.19	213.19	220.65

AI Generated Signals for PNRG

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Primeenergy Resources Corporation (NASDAQ: PNRG) report below can help you understand how to do this. The trading plans for PNRG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.