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(PNRG) On The My Stocks Page

Longer Term Trading Plans for PNRG
  • Buy PNRG slightly over 97.48 target 105.57 stop loss @ 97.2 Details
  • The technical summary data tells us to buy PNRG near 97.48 with an upside target of 105.57. This data also tells us to set a stop loss @ 97.2 to protect against excessive loss in case the stock begins to move against the trade. 97.48 is the first level of support below 100.36 , and by rule, any test of support is a buy signal. In this case, support 97.48 would be being tested, so a buy signal would exist.

  • Short PNRG slightly under 105.57, target 97.48, stop loss @ 105.87 Details
  • The technical summary data is suggesting a short of PNRG as it gets near 105.57 with a downside target of 97.48. We should have a stop loss in place at 105.87though. 105.57 is the first level of resistance above 100.36, and by rule, any test of resistance is a short signal. In this case, if resistance 105.57 is being tested, so a short signal would exist.

Swing Trading Plans for PNRG
  • Buy PNRG slightly over 100.81, target 105.57, Stop Loss @ 100.52 Details
  • If 100.81 begins to break higher, the technical summary data tells us to buy PNRG just slightly over 100.81, with an upside target of 105.57. The data also tells us to set a stop loss @ 100.52 in case the stock turns against the trade. 100.81 is the first level of resistance above 100.36, and by rule, any break above resistance is a buy signal. In this case, 100.81, 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 100.81, target 99.85, Stop Loss @ 101.1. Details
  • The technical summary data is suggesting a short of PNRG if it tests 100.81 with a downside target of 99.85. We should have a stop loss in place at 101.1 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, 100.81, 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 100.47, target 100.91, Stop Loss @ 100.24 Details
  • If 100.47 begins to break higher, the technical summary data tells us to buy PNRG just slightly over 100.47, with an upside target of 100.91. The data also tells us to set a stop loss @ 100.24 in case the stock turns against the trade. 100.47 is the first level of resistance above 100.36, and by rule, any break above resistance is a buy signal. In this case, 100.47, 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 100.47, target 99.85, Stop Loss @ 100.7. Details
  • The technical summary data is suggesting a short of PNRG if it tests 100.47 with a downside target of 99.85. We should have a stop loss in place at 100.7 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, 100.47, 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.

Real Time Updates are available on our Primeenergy Resources Corporation (PNRG) Page here: PNRG.

PNRG Ratings for April 04:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 97.48
P2 100.47 99.85 105.57
P3 100.91 100.81 114.75
Triggers may have already come
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Support and Resistance Plot Chart for PNRG

PNRG Long Term Analysis for April 4 2024

Blue = Current Price
Red= Resistance
Green = Support

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Trading or Investing in Primeenergy Resources Corporation (NASDAQ: PNRG) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PNRG 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 PNRG too.  All of these are offered below the Summary Table.