Trend Tracker for (PSI)

November 29, 2024, 19:08 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSI

• Buy PSI near 53.15 target 59.34 stop loss @ 53 Details

The technical summary data tells us to buy PSI near 53.15 with an upside target of 59.34. This data also tells us to set a stop loss @ 53 to protect against excessive loss in case the stock begins to move against the trade. 53.15 is the first level of support below 56.82 , and by rule, any test of support is a buy signal. In this case, support 53.15 would be being tested, so a buy signal would exist.

• Short PSI slightly under 59.34, target 53.15, stop loss @ 59.51 Details

The technical summary data is suggesting a short of PSI as it gets near 59.34 with a downside target of 53.15. We should have a stop loss in place at 59.51though. 59.34 is the first level of resistance above 56.82, and by rule, any test of resistance is a short signal. In this case, if resistance 59.34 is being tested, so a short signal would exist.

Swing Trading Plans for PSI

• Buy PSI slightly over 57.43, target 59.34, Stop Loss @ 57.26 Details

If 57.43 begins to break higher, the technical summary data tells us to buy PSI just slightly over 57.43, with an upside target of 59.34. The data also tells us to set a stop loss @ 57.26 in case the stock turns against the trade. 57.43 is the first level of resistance above 56.82, and by rule, any break above resistance is a buy signal. In this case, 57.43, 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 PSI slightly near 57.43, target 54.79, Stop Loss @ 57.6. Details

The technical summary data is suggesting a short of PSI if it tests 57.43 with a downside target of 54.79. We should have a stop loss in place at 57.6 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, 57.43, 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 PSI

• Buy PSI slightly over 56.97, target 57.43, Stop Loss @ 56.84 Details

If 56.97 begins to break higher, the technical summary data tells us to buy PSI just slightly over 56.97, with an upside target of 57.43. The data also tells us to set a stop loss @ 56.84 in case the stock turns against the trade. 56.97 is the first level of resistance above 56.82, and by rule, any break above resistance is a buy signal. In this case, 56.97, 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 PSI slightly near 56.97, target 55.45, Stop Loss @ 57.1. Details

The technical summary data is suggesting a short of PSI if it tests 56.97 with a downside target of 55.45. We should have a stop loss in place at 57.1 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, 56.97, 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 Dynamic Semiconductors Etf (PSI) available here: PSI.

PSI Ratings for November 29:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	53.15
P2	55.45	54.79	59.34
P3	56.97	57.43	65.47

AI Generated Signals for PSI

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The data for Invesco Dynamic Semiconductors Etf (NYSE: PSI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

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