(PSCI) Pivots Trading Plans and Risk Controls

October 24, 2024, 00:30 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PSCI

• Buy PSCI near 125.05 target 131.91 stop loss @ 124.69 Details

The technical summary data tells us to buy PSCI near 125.05 with an upside target of 131.91. This data also tells us to set a stop loss @ 124.69 to protect against excessive loss in case the stock begins to move against the trade. 125.05 is the first level of support below 130.936 , and by rule, any test of support is a buy signal. In this case, support 125.05 would be being tested, so a buy signal would exist.

• Short PSCI slightly under 131.91, target 125.05, stop loss @ 132.29 Details

The technical summary data is suggesting a short of PSCI as it gets near 131.91 with a downside target of 125.05. We should have a stop loss in place at 132.29though. 131.91 is the first level of resistance above 130.936, and by rule, any test of resistance is a short signal. In this case, if resistance 131.91 is being tested, so a short signal would exist.

Swing Trading Plans for PSCI

• Buy PSCI slightly over 131.91, target 135.01, Stop Loss @ 131.53 Details

If 131.91 begins to break higher, the technical summary data tells us to buy PSCI just slightly over 131.91, with an upside target of 135.01. The data also tells us to set a stop loss @ 131.53 in case the stock turns against the trade. 131.91 is the first level of resistance above 130.936, and by rule, any break above resistance is a buy signal. In this case, 131.91, 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 PSCI slightly near 131.91, target 125.05, Stop Loss @ 132.29. Details

The technical summary data is suggesting a short of PSCI if it tests 131.91 with a downside target of 125.05. We should have a stop loss in place at 132.29 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, 131.91, 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 PSCI

• Buy PSCI slightly over 131.09, target 131.91, Stop Loss @ 130.78 Details

If 131.09 begins to break higher, the technical summary data tells us to buy PSCI just slightly over 131.09, with an upside target of 131.91. The data also tells us to set a stop loss @ 130.78 in case the stock turns against the trade. 131.09 is the first level of resistance above 130.936, and by rule, any break above resistance is a buy signal. In this case, 131.09, 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 PSCI slightly near 131.09, target 130.2, Stop Loss @ 131.4. Details

The technical summary data is suggesting a short of PSCI if it tests 131.09 with a downside target of 130.2. We should have a stop loss in place at 131.4 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, 131.09, 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 Powershares S&p Smallcap Industrials Portfolio (PSCI) available here: PSCI.

PSCI Ratings for October 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	125.05
P2	130.2	131.74	131.91
P3	131.09	135.01	138.65

AI Generated Signals for PSCI

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This Powershares S&p Smallcap Industrials Portfolio (NASDAQ: PSCI) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

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