When the Price of (PHYL) Talks, People Listen
July 23, 2024, 21:40 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PHYL
- Buy PHYL slightly over 34.74 target 35.33 stop loss @ 34.64 Details
The technical summary data tells us to buy PHYL near 34.74 with an upside target of 35.33. This data also tells us to set a stop loss @ 34.64 to protect against excessive loss in case the stock begins to move against the trade. 34.74 is the first level of support below 34.91 , and by rule, any test of support is a buy signal. In this case, support 34.74 is being tested, a buy signal would exist.
- Short PHYL slightly under 35.33, target 34.74, stop loss @ 35.43 Details
The technical summary data is suggesting a short of PHYL as it gets near 35.33 with a downside target of 34.74. We should have a stop loss in place at 35.43though. 35.33 is the first level of resistance above 34.91, and by rule, any test of resistance is a short signal. In this case, if resistance 35.33 is being tested, a short signal would exist.
Swing Trading Plans for PHYL
- Buy PHYL slightly over 35, target n/a, Stop Loss @ 34.9 Details
If 35 begins to break higher, the technical summary data tells us to buy PHYL just slightly over 35, with an upside target of n/a. The data also tells us to set a stop loss @ 34.9 in case the stock turns against the trade. 35 is the first level of resistance above 34.91, and by rule, any break above resistance is a buy signal. In this case, 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 PHYL slightly near 35, target 34.74, Stop Loss @ 35.1. Details
The technical summary data is suggesting a short of PHYL if it tests 35 with a downside target of 34.74. We should have a stop loss in place at 35.1 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, 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 PHYL
- Buy PHYL slightly over 35, target 35.33, Stop Loss @ 34.92 Details
If 35 begins to break higher, the technical summary data tells us to buy PHYL just slightly over 35, with an upside target of 35.33. The data also tells us to set a stop loss @ 34.92 in case the stock turns against the trade. 35 is the first level of resistance above 34.91, and by rule, any break above resistance is a buy signal. In this case, 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 PHYL slightly near 35, target 34.13, Stop Loss @ 35.08. Details
The technical summary data is suggesting a short of PHYL if it tests 35 with a downside target of 34.13. We should have a stop loss in place at 35.08 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, 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 Pgim Active High Yield Bond Etf (PHYL) available here: PHYL.
PHYL Ratings for July 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
34.13 |
| P2 |
34.91 |
35 |
34.74 |
| P3 |
0 |
|
35.33 |
AI Generated Signals for PHYL
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Pgim Active High Yield Bond Etf (NASDAQ: PHYL) 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 PHYL 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 PHYL:
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