Trading (PPA) With Integrated Risk Controls
October 19, 2024, 10:14 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PPA
- Buy PPA near 117.95 target n/a stop loss @ 117.61. Details
The technical summary data tells us to buy PPA near 117.95, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 117.61 to protect against excessive loss in case the stock begins to move against the trade. 117.95 is the first level of support below 119.29, and by rule, any test of support is a buy signal. In this case, if support 117.95 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for PPA
- Buy PPA slightly over 119.32, target n/a, Stop Loss @ 118.98 Details
If 119.32 begins to break higher, the technical summary data tells us to buy PPA just slightly over 119.32, with an upside target of n/a. The data also tells us to set a stop loss @ 118.98 in case the stock turns against the trade. 119.32 is the first level of resistance above 119.29, and by rule, any break above resistance is a buy signal. In this case, 119.32, 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 PPA slightly near 119.32, target 118, Stop Loss @ 119.66. Details
The technical summary data is suggesting a short of PPA if it tests 119.32 with a downside target of 118. We should have a stop loss in place at 119.66 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, 119.32, 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 PPA
- Buy PPA slightly over 119.49, target n/a, Stop Loss @ 119.21 Details
If 119.49 begins to break higher, the technical summary data tells us to buy PPA just slightly over 119.49, with an upside target of n/a. The data also tells us to set a stop loss @ 119.21 in case the stock turns against the trade. 119.49 is the first level of resistance above 119.29, and by rule, any break above resistance is a buy signal. In this case, 119.49, 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 PPA slightly near 119.49, target 118.86, Stop Loss @ 119.77. Details
The technical summary data is suggesting a short of PPA if it tests 119.49 with a downside target of 118.86. We should have a stop loss in place at 119.77 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, 119.49, 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 Invesco Aerospace & Defense Etf (PPA) available here: PPA.
PPA Ratings for October 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
110.67 |
| P2 |
118.86 |
118 |
114.57 |
| P3 |
119.49 |
119.32 |
117.95 |
AI Generated Signals for PPA
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Invesco Aerospace & Defense Etf (NYSE: PPA) report below can help you, but we have more details too. The trading plans for PPA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for PPA:
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