March 01, 2025, 14:04 pm ET, BY Patrick - Contributor, Stock Traders Daily |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PSL
- Buy PSL near 109.5 target 113.08 stop loss @ 109.18 Details
The technical summary data tells us to buy PSL near 109.5 with an upside target of 113.08. This data also tells us to set a stop loss @ 109.18 to protect against excessive loss in case the stock begins to move against the trade. 109.5 is the first level of support below 111.26 , and by rule, any test of support is a buy signal. In this case, support 109.5 is being tested, a buy signal would exist.
- Short PSL slightly under 113.08, target 109.5, stop loss @ 113.41 Details
The technical summary data is suggesting a short of PSL as it gets near 113.08 with a downside target of 109.5. We should have a stop loss in place at 113.41though. 113.08 is the first level of resistance above 111.26, and by rule, any test of resistance is a short signal. In this case, if resistance 113.08 is being tested, a short signal would exist.
Swing Trading Plans for PSL
- Buy PSL slightly over 111.35, target 113.08, Stop Loss @ 111.03 Details
If 111.35 begins to break higher, the technical summary data tells us to buy PSL just slightly over 111.35, with an upside target of 113.08. The data also tells us to set a stop loss @ 111.03 in case the stock turns against the trade. 111.35 is the first level of resistance above 111.26, and by rule, any break above resistance is a buy signal. In this case, 111.35, 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 PSL slightly near 111.35, target 109.5, Stop Loss @ 111.67. Details
The technical summary data is suggesting a short of PSL if it tests 111.35 with a downside target of 109.5. We should have a stop loss in place at 111.67 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, 111.35, 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 PSL
- Buy PSL slightly over 111.35, target 113.08, Stop Loss @ 111.09 Details
If 111.35 begins to break higher, the technical summary data tells us to buy PSL just slightly over 111.35, with an upside target of 113.08. The data also tells us to set a stop loss @ 111.09 in case the stock turns against the trade. 111.35 is the first level of resistance above 111.26, and by rule, any break above resistance is a buy signal. In this case, 111.35, 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 PSL slightly near 111.35, target 111.01, Stop Loss @ 111.61. Details
The technical summary data is suggesting a short of PSL if it tests 111.35 with a downside target of 111.01. We should have a stop loss in place at 111.61 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, 111.35, 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 Dwa Consumer Staples Momentum Etf (PSL) available here: PSL.
PSL Ratings for March 01:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
105.79 |
P2 |
109.79 |
109.05 |
109.5 |
P3 |
111.01 |
111.35 |
113.08 |
AI Generated Signals for PSL
Blue = Current Price
Red = Resistance
Green = Support
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Fundamental Charts for PSL: