How the price action of Invesco Ftse Rafi Us 1000 (PRF) is used to our Advantage

August 13, 2021, 07:30 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Invesco Ftse Rafi Us 1000 (NYSE: PRF) data table below can help you with price action, and we have more details too. Trading plans for PRF are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for PRF

• Buy PRF slightly over 161.38 target 167.36 stop loss @ 160.91 Details

The technical summary data tells us to buy PRF near 161.38 with an upside target of 167.36. This data also tells us to set a stop loss @ 160.91 to protect against excessive loss in case the stock begins to move against the trade. 161.38 is the first level of support below 164.66 , and by rule, any test of support is a buy signal. In this case, support 161.38 would be being tested, so a buy signal would exist.

• Short PRF under 167.36, target 161.38, stop loss @ 167.84 Details

The technical summary data is suggesting a short of PRF as it gets near 167.36 with a downside target of 161.38. We should have a stop loss in place at 167.84though. 167.36 is the first level of resistance above 164.66, and by rule, any test of resistance is a short signal. In this case, if resistance 167.36 is being tested, so a short signal would exist.

Swing Trading Plans for PRF

• Buy PRF slightly over 167.36, target 173.11, Stop Loss @ 166.88 Details

If 167.36 begins to break higher, the technical summary data tells us to buy PRF just slightly over 167.36, with an upside target of 173.11. The data also tells us to set a stop loss @ 166.88 in case the stock turns against the trade. 167.36 is the first level of resistance above 164.66, and by rule, any break above resistance is a buy signal. In this case, 167.36, 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 PRF near 167.36, target 164.54, Stop Loss @ 167.84. Details

The technical summary data is suggesting a short of PRF if it tests 167.36 with a downside target of 164.54. We should have a stop loss in place at 167.84 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, 167.36, 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 PRF

• Buy PRF slightly over 165.13, target 167.36, Stop Loss @ 164.74 Details

If 165.13 begins to break higher, the technical summary data tells us to buy PRF just slightly over 165.13, with an upside target of 167.36. The data also tells us to set a stop loss @ 164.74 in case the stock turns against the trade. 165.13 is the first level of resistance above 164.66, and by rule, any break above resistance is a buy signal. In this case, 165.13, 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 PRF near 165.13, target 164.54, Stop Loss @ 165.52. Details

The technical summary data is suggesting a short of PRF if it tests 165.13 with a downside target of 164.54. We should have a stop loss in place at 165.52 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, 165.13, 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.

PRF Ratings for August 13:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	161.38
P2	164.11	162.99	167.36
P3	165.13	164.54	173.11

Support and Resistance Plot Chart for PRF

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