(PNI) Technical Pivots with Risk Controls

October 02, 2024, 09:58 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PNI

• Buy PNI near 7.75 target 8.09 stop loss @ 7.73 Details

The technical summary data tells us to buy PNI near 7.75 with an upside target of 8.09. This data also tells us to set a stop loss @ 7.73 to protect against excessive loss in case the stock begins to move against the trade. 7.75 is the first level of support below 7.88 , and by rule, any test of support is a buy signal. In this case, support 7.75 is being tested, a buy signal would exist.

• Short PNI slightly under 8.09, target 7.75, stop loss @ 8.11 Details

The technical summary data is suggesting a short of PNI as it gets near 8.09 with a downside target of 7.75. We should have a stop loss in place at 8.11though. 8.09 is the first level of resistance above 7.88, and by rule, any test of resistance is a short signal. In this case, if resistance 8.09 is being tested, a short signal would exist.

Swing Trading Plans for PNI

• Buy PNI slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy PNI just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 7.88, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 PNI slightly near n/a, target 7.39, Stop Loss @ 0. Details

The technical summary data is suggesting a short of PNI if it tests n/a with a downside target of 7.39. We should have a stop loss in place at 0 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, n/a, 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 PNI

• Buy PNI slightly over 8.09, target n/a, Stop Loss @ 8.07 Details

If 8.09 begins to break higher, the technical summary data tells us to buy PNI just slightly over 8.09, with an upside target of n/a. The data also tells us to set a stop loss @ 8.07 in case the stock turns against the trade. 8.09 is the first level of resistance above 7.88, and by rule, any break above resistance is a buy signal. In this case, 8.09, 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 PNI slightly near 8.09, target 7.39, Stop Loss @ 8.11. Details

The technical summary data is suggesting a short of PNI if it tests 8.09 with a downside target of 7.39. We should have a stop loss in place at 8.11 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, 8.09, 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 Pimco New York Municipal Income Fund Ii Of Beneficial Interest (PNI) available here: PNI.

PNI Ratings for October 02:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	7.39
P2	7.92	7.91	7.75
P3	0		8.09

AI Generated Signals for PNI

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The technical pivots for Pimco New York Municipal Income Fund Ii Of Beneficial Interest (NYSE: PNI) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

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