AI-Generated Signals

Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...

When the Price of (PEN) Talks, People Listen

April 03, 2024, 23:04 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PEN

Buy PEN slightly over 180.2 target 219.68 stop loss @ 179.68 Details

The technical summary data tells us to buy PEN near 180.2 with an upside target of 219.68. This data also tells us to set a stop loss @ 179.68 to protect against excessive loss in case the stock begins to move against the trade. 180.2 is the first level of support below 215 , and by rule, any test of support is a buy signal. In this case, support 180.2 would be being tested, so a buy signal would exist.

Short PEN slightly under 219.68, target 180.2, stop loss @ 220.31 Details

The technical summary data is suggesting a short of PEN as it gets near 219.68 with a downside target of 180.2. We should have a stop loss in place at 220.31though. 219.68 is the first level of resistance above 215, and by rule, any test of resistance is a short signal. In this case, if resistance 219.68 is being tested, so a short signal would exist.

Swing Trading Plans for PEN

Buy PEN slightly over 216.64, target 219.68, Stop Loss @ 216.01 Details

If 216.64 begins to break higher, the technical summary data tells us to buy PEN just slightly over 216.64, with an upside target of 219.68. The data also tells us to set a stop loss @ 216.01 in case the stock turns against the trade. 216.64 is the first level of resistance above 215, and by rule, any break above resistance is a buy signal. In this case, 216.64, 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 PEN slightly near 216.64, target 207.78, Stop Loss @ 217.27. Details

The technical summary data is suggesting a short of PEN if it tests 216.64 with a downside target of 207.78. We should have a stop loss in place at 217.27 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, 216.64, 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 PEN

Buy PEN slightly over 216.64, target 219.68, Stop Loss @ 216.13 Details

If 216.64 begins to break higher, the technical summary data tells us to buy PEN just slightly over 216.64, with an upside target of 219.68. The data also tells us to set a stop loss @ 216.13 in case the stock turns against the trade. 216.64 is the first level of resistance above 215, and by rule, any break above resistance is a buy signal. In this case, 216.64, 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 PEN slightly near 216.64, target 212.35, Stop Loss @ 217.15. Details

The technical summary data is suggesting a short of PEN if it tests 216.64 with a downside target of 212.35. We should have a stop loss in place at 217.15 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, 216.64, 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 Penumbra Inc. (PEN) available here: PEN.

PEN Ratings for April 03:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	180.2
P2	206.48	207.78	219.68
P3	212.35	216.64	258.46

⚠Triggers may have already come

Get Real Time Triggers Here

AI Generated Signals for PEN

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:
Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Market Crash Leading Indicator
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Penumbra Inc. (NYSE: PEN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for PEN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for PEN: