Long Term Trading Analysis for (PCAR)

December 12, 2024, 03:36 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PCAR

• Buy PCAR near 106.18 target 117.85 stop loss @ 105.87 Details

The technical summary data tells us to buy PCAR near 106.18 with an upside target of 117.85. This data also tells us to set a stop loss @ 105.87 to protect against excessive loss in case the stock begins to move against the trade. 106.18 is the first level of support below 115.85 , and by rule, any test of support is a buy signal. In this case, support 106.18 is being tested, a buy signal would exist.

• Short PCAR slightly under 117.85, target 106.18, stop loss @ 118.19 Details

The technical summary data is suggesting a short of PCAR as it gets near 117.85 with a downside target of 106.18. We should have a stop loss in place at 118.19though. 117.85 is the first level of resistance above 115.85, and by rule, any test of resistance is a short signal. In this case, if resistance 117.85 is being tested, a short signal would exist.

Swing Trading Plans for PCAR

• Buy PCAR slightly over 117.59, target 117.85, Stop Loss @ 117.25 Details

If 117.59 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 117.59, with an upside target of 117.85. The data also tells us to set a stop loss @ 117.25 in case the stock turns against the trade. 117.59 is the first level of resistance above 115.85, and by rule, any break above resistance is a buy signal. In this case, 117.59, 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 PCAR slightly near 117.59, target 115.1, Stop Loss @ 117.93. Details

The technical summary data is suggesting a short of PCAR if it tests 117.59 with a downside target of 115.1. We should have a stop loss in place at 117.93 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, 117.59, 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 PCAR

• Buy PCAR slightly over 116.23, target 117.59, Stop Loss @ 115.96 Details

If 116.23 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 116.23, with an upside target of 117.59. The data also tells us to set a stop loss @ 115.96 in case the stock turns against the trade. 116.23 is the first level of resistance above 115.85, and by rule, any break above resistance is a buy signal. In this case, 116.23, 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 PCAR slightly near 116.23, target 115.1, Stop Loss @ 116.5. Details

The technical summary data is suggesting a short of PCAR if it tests 116.23 with a downside target of 115.1. We should have a stop loss in place at 116.5 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, 116.23, 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 Paccar Inc. (PCAR) available here: PCAR.

PCAR Ratings for December 12:

Term →	Near	Mid	Long
Rating	Weak	Strong	Neutral
P1	0	0	95.01
P2	114.24	115.1	106.18
P3	116.23	117.59	117.85

AI Generated Signals for PCAR

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Paccar Inc. (NASDAQ: PCAR) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PCAR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PCAR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PCAR too.  All of these are offered below the Summary Table.