How the price action of Paccar ($PCAR) is used to our Advantage
October 18, 2023, 20:30 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PCAR
- Buy PCAR slightly over 80.75 target 85.90 stop loss @ 80.52 Details
The technical summary data tells us to buy PCAR near 80.75 with an upside target of 85.90. This data also tells us to set a stop loss @ 80.52 to protect against excessive loss in case the stock begins to move against the trade. 80.75 is the first level of support below 83.65 , and by rule, any test of support is a buy signal. In this case, support 80.75 would be being tested, so a buy signal would exist.
- Short PCAR slightly under 85.90, target 80.75, stop loss @ 86.15 Details
The technical summary data is suggesting a short of PCAR as it gets near 85.90 with a downside target of 80.75. We should have a stop loss in place at 86.15though. 85.90 is the first level of resistance above 83.65, and by rule, any test of resistance is a short signal. In this case, if resistance 85.90 is being tested, so a short signal would exist.
Swing Trading Plans for PCAR
- Buy PCAR slightly over 85.90, target 86.47, Stop Loss @ 85.65 Details
If 85.90 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 85.90, with an upside target of 86.47. The data also tells us to set a stop loss @ 85.65 in case the stock turns against the trade. 85.90 is the first level of resistance above 83.65, and by rule, any break above resistance is a buy signal. In this case, 85.90, 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 85.90, target 83.61, Stop Loss @ 86.15. Details
The technical summary data is suggesting a short of PCAR if it tests 85.90 with a downside target of 83.61. We should have a stop loss in place at 86.15 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, 85.90, 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 84.26, target 85.90, Stop Loss @ 84.06 Details
If 84.26 begins to break higher, the technical summary data tells us to buy PCAR just slightly over 84.26, with an upside target of 85.90. The data also tells us to set a stop loss @ 84.06 in case the stock turns against the trade. 84.26 is the first level of resistance above 83.65, and by rule, any break above resistance is a buy signal. In this case, 84.26, 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 84.26, target 83.61, Stop Loss @ 84.46. Details
The technical summary data is suggesting a short of PCAR if it tests 84.26 with a downside target of 83.61. We should have a stop loss in place at 84.46 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, 84.26, 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 (PCAR) available here: PCAR.
PCAR Ratings for October 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
80.75 |
| P2 |
82.93 |
83.61 |
85.90 |
| P3 |
84.26 |
86.47 |
91.11 |
AI Generated Signals for PCAR
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 Paccar (NASDAQ: PCAR) data table below can help you with price action, and we have more details too. Trading plans for PCAR 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 PCAR:
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