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Objective long/short (POWL) Report

Longer Term Trading Plans for POWL
  • Buy POWL slightly over 134.05 target 163.8 stop loss @ 133.66 Details
  • The technical summary data tells us to buy POWL near 134.05 with an upside target of 163.8. This data also tells us to set a stop loss @ 133.66 to protect against excessive loss in case the stock begins to move against the trade. 134.05 is the first level of support below 134.68 , and by rule, any test of support is a buy signal. In this case, support 134.05 is being tested, a buy signal would exist.

  • Short POWL slightly under 163.8, target 134.05, stop loss @ 164.27 Details
  • The technical summary data is suggesting a short of POWL as it gets near 163.8 with a downside target of 134.05. We should have a stop loss in place at 164.27though. 163.8 is the first level of resistance above 134.68, and by rule, any test of resistance is a short signal. In this case, if resistance 163.8 is being tested, a short signal would exist.

Swing Trading Plans for POWL
  • Buy POWL slightly over 139.52, target 163.8, Stop Loss @ 139.12 Details
  • If 139.52 begins to break higher, the technical summary data tells us to buy POWL just slightly over 139.52, with an upside target of 163.8. The data also tells us to set a stop loss @ 139.12 in case the stock turns against the trade. 139.52 is the first level of resistance above 134.68, and by rule, any break above resistance is a buy signal. In this case, 139.52, 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 POWL slightly near 139.52, target 134.05, Stop Loss @ 139.92. Details
  • The technical summary data is suggesting a short of POWL if it tests 139.52 with a downside target of 134.05. We should have a stop loss in place at 139.92 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, 139.52, 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 POWL
  • Buy POWL slightly over 136.24, target 139.52, Stop Loss @ 135.92 Details
  • If 136.24 begins to break higher, the technical summary data tells us to buy POWL just slightly over 136.24, with an upside target of 139.52. The data also tells us to set a stop loss @ 135.92 in case the stock turns against the trade. 136.24 is the first level of resistance above 134.68, and by rule, any break above resistance is a buy signal. In this case, 136.24, 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 POWL slightly near 136.24, target 134.05, Stop Loss @ 136.56. Details
  • The technical summary data is suggesting a short of POWL if it tests 136.24 with a downside target of 134.05. We should have a stop loss in place at 136.56 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, 136.24, 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.

Real Time Updates are available on our Powell Industries Inc. (POWL) Page here: POWL.

POWL Ratings for April 04:

Term →Near Mid Long
Rating Weak Weak Strong
P1 0 0 108.32
P2 132.27 130.89 134.05
P3 136.24 139.52 163.8
Triggers may have already come
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Support and Resistance Plot Chart for POWL

POWL Long Term Analysis for April 4 2024

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Powell Industries Inc. (NASDAQ: POWL) while incorporating 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 POWL 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 POWL 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 POWL too.  All of these are offered below the Summary Table.