Trend Tracker for (PFM)

November 25, 2024, 02:10 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PFM

• Buy PFM near 46.75 target 47.86 stop loss @ 46.61 Details

The technical summary data tells us to buy PFM near 46.75 with an upside target of 47.86. This data also tells us to set a stop loss @ 46.61 to protect against excessive loss in case the stock begins to move against the trade. 46.75 is the first level of support below 47.6828 , and by rule, any test of support is a buy signal. In this case, support 46.75 is being tested, a buy signal would exist.

• Short PFM slightly under 47.86, target 46.75, stop loss @ 48 Details

The technical summary data is suggesting a short of PFM as it gets near 47.86 with a downside target of 46.75. We should have a stop loss in place at 48though. 47.86 is the first level of resistance above 47.6828, and by rule, any test of resistance is a short signal. In this case, if resistance 47.86 is being tested, a short signal would exist.

Swing Trading Plans for PFM

• Buy PFM slightly over 47.86, target n/a, Stop Loss @ 47.72 Details

If 47.86 begins to break higher, the technical summary data tells us to buy PFM just slightly over 47.86, with an upside target of n/a. The data also tells us to set a stop loss @ 47.72 in case the stock turns against the trade. 47.86 is the first level of resistance above 47.6828, and by rule, any break above resistance is a buy signal. In this case, 47.86, 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 PFM slightly near 47.86, target 47.31, Stop Loss @ 48. Details

The technical summary data is suggesting a short of PFM if it tests 47.86 with a downside target of 47.31. We should have a stop loss in place at 48 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, 47.86, 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 PFM

• Buy PFM slightly over 47.86, target n/a, Stop Loss @ 47.75 Details

If 47.86 begins to break higher, the technical summary data tells us to buy PFM just slightly over 47.86, with an upside target of n/a. The data also tells us to set a stop loss @ 47.75 in case the stock turns against the trade. 47.86 is the first level of resistance above 47.6828, and by rule, any break above resistance is a buy signal. In this case, 47.86, 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 PFM slightly near 47.86, target 47.31, Stop Loss @ 47.97. Details

The technical summary data is suggesting a short of PFM if it tests 47.86 with a downside target of 47.31. We should have a stop loss in place at 47.97 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, 47.86, 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 Dividend Achievers Etf (PFM) available here: PFM.

PFM Ratings for November 25:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	45.6
P2	47.24	46.6	46.75
P3	47.75	47.31	47.86

AI Generated Signals for PFM

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The data for Invesco Dividend Achievers Etf (NYSE: PFM) 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 PFM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PFM 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 PFM too.  All of these are offered below the Summary Table.