When (PIO) Moves Investors should Listen
November 20, 2024, 18:26 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PIO
- Buy PIO near 40.6 target 42.34 stop loss @ 40.48 Details
The technical summary data tells us to buy PIO near 40.6 with an upside target of 42.34. This data also tells us to set a stop loss @ 40.48 to protect against excessive loss in case the stock begins to move against the trade. 40.6 is the first level of support below 40.66 , and by rule, any test of support is a buy signal. In this case, support 40.6 would be being tested, so a buy signal would exist.
- Short PIO slightly under 42.34, target 40.6, stop loss @ 42.46 Details
The technical summary data is suggesting a short of PIO as it gets near 42.34 with a downside target of 40.6. We should have a stop loss in place at 42.46though. 42.34 is the first level of resistance above 40.66, and by rule, any test of resistance is a short signal. In this case, if resistance 42.34 is being tested, so a short signal would exist.
Swing Trading Plans for PIO
- Buy PIO slightly over 40.78, target 42.34, Stop Loss @ 40.66 Details
If 40.78 begins to break higher, the technical summary data tells us to buy PIO just slightly over 40.78, with an upside target of 42.34. The data also tells us to set a stop loss @ 40.66 in case the stock turns against the trade. 40.78 is the first level of resistance above 40.66, and by rule, any break above resistance is a buy signal. In this case, 40.78, 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 PIO slightly near 40.78, target 40.34, Stop Loss @ 40.9. Details
The technical summary data is suggesting a short of PIO if it tests 40.78 with a downside target of 40.34. We should have a stop loss in place at 40.9 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, 40.78, 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 PIO
- Buy PIO slightly over 40.78, target 42.34, Stop Loss @ 40.68 Details
If 40.78 begins to break higher, the technical summary data tells us to buy PIO just slightly over 40.78, with an upside target of 42.34. The data also tells us to set a stop loss @ 40.68 in case the stock turns against the trade. 40.78 is the first level of resistance above 40.66, and by rule, any break above resistance is a buy signal. In this case, 40.78, 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 PIO slightly near 40.78, target 40.34, Stop Loss @ 40.88. Details
The technical summary data is suggesting a short of PIO if it tests 40.78 with a downside target of 40.34. We should have a stop loss in place at 40.88 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, 40.78, 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 Global Water Etf (PIO) available here: PIO.
PIO Ratings for November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
40.6 |
| P2 |
40.32 |
40.34 |
42.34 |
| P3 |
40.61 |
40.78 |
44.13 |
AI Generated Signals for PIO
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Invesco Global Water Etf (NYSE: PIO) report below is a real world example. Included are trading plans for PIO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PIO:
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