Ppg Industries PPG Trading Report

August 13, 2021, 06:30 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Ppg Industries (NYSE: PPG) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PPG 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 PPG 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 PPG too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for PPG

• Buy PPG slightly over 165.38 target 176.86 stop loss @ 164.9 Details

The technical summary data tells us to buy PPG near 165.38 with an upside target of 176.86. This data also tells us to set a stop loss @ 164.9 to protect against excessive loss in case the stock begins to move against the trade. 165.38 is the first level of support below 170.39 , and by rule, any test of support is a buy signal. In this case, support 165.38 would be being tested, so a buy signal would exist.

• Short PPG under 176.86, target 165.38, stop loss @ 177.37 Details

The technical summary data is suggesting a short of PPG as it gets near 176.86 with a downside target of 165.38. We should have a stop loss in place at 177.37though. 176.86 is the first level of resistance above 170.39, and by rule, any test of resistance is a short signal. In this case, if resistance 176.86 is being tested, so a short signal would exist.

Swing Trading Plans for PPG

• Buy PPG slightly over 176.86, target 188.24, Stop Loss @ 176.35 Details

If 176.86 begins to break higher, the technical summary data tells us to buy PPG just slightly over 176.86, with an upside target of 188.24. The data also tells us to set a stop loss @ 176.35 in case the stock turns against the trade. 176.86 is the first level of resistance above 170.39, and by rule, any break above resistance is a buy signal. In this case, 176.86, 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 PPG near 176.86, target 169.26, Stop Loss @ 177.37. Details

The technical summary data is suggesting a short of PPG if it tests 176.86 with a downside target of 169.26. We should have a stop loss in place at 177.37 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, 176.86, 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 PPG

• Buy PPG slightly over 171.21, target 176.86, Stop Loss @ 170.81 Details

If 171.21 begins to break higher, the technical summary data tells us to buy PPG just slightly over 171.21, with an upside target of 176.86. The data also tells us to set a stop loss @ 170.81 in case the stock turns against the trade. 171.21 is the first level of resistance above 170.39, and by rule, any break above resistance is a buy signal. In this case, 171.21, 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 PPG near 171.21, target 169.31, Stop Loss @ 171.61. Details

The technical summary data is suggesting a short of PPG if it tests 171.21 with a downside target of 169.31. We should have a stop loss in place at 171.61 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, 171.21, 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.

PPG Ratings for August 13:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	165.38
P2	169.31	166.19	176.86
P3	171.21	169.26	188.24

Support and Resistance Plot Chart for PPG

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