How the (PEGA) price action is used to our Advantage
May 03, 2024, 12:48 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PEGA
- Buy PEGA slightly over 58.32 target 66.54 stop loss @ 58.15 Details
The technical summary data tells us to buy PEGA near 58.32 with an upside target of 66.54. This data also tells us to set a stop loss @ 58.15 to protect against excessive loss in case the stock begins to move against the trade. 58.32 is the first level of support below 60.04 , and by rule, any test of support is a buy signal. In this case, support 58.32 is being tested, a buy signal would exist.
- Short PEGA slightly under 66.54, target 58.32, stop loss @ 66.73 Details
The technical summary data is suggesting a short of PEGA as it gets near 66.54 with a downside target of 58.32. We should have a stop loss in place at 66.73though. 66.54 is the first level of resistance above 60.04, and by rule, any test of resistance is a short signal. In this case, if resistance 66.54 is being tested, a short signal would exist.
Swing Trading Plans for PEGA
- Buy PEGA slightly over 62.12, target 66.54, Stop Loss @ 61.94 Details
If 62.12 begins to break higher, the technical summary data tells us to buy PEGA just slightly over 62.12, with an upside target of 66.54. The data also tells us to set a stop loss @ 61.94 in case the stock turns against the trade. 62.12 is the first level of resistance above 60.04, and by rule, any break above resistance is a buy signal. In this case, 62.12, 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 PEGA slightly near 62.12, target 59.06, Stop Loss @ 62.3. Details
The technical summary data is suggesting a short of PEGA if it tests 62.12 with a downside target of 59.06. We should have a stop loss in place at 62.3 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, 62.12, 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 PEGA
- Buy PEGA slightly over 62.12, target 66.54, Stop Loss @ 61.98 Details
If 62.12 begins to break higher, the technical summary data tells us to buy PEGA just slightly over 62.12, with an upside target of 66.54. The data also tells us to set a stop loss @ 61.98 in case the stock turns against the trade. 62.12 is the first level of resistance above 60.04, and by rule, any break above resistance is a buy signal. In this case, 62.12, 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 PEGA slightly near 62.12, target 59.94, Stop Loss @ 62.26. Details
The technical summary data is suggesting a short of PEGA if it tests 62.12 with a downside target of 59.94. We should have a stop loss in place at 62.26 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, 62.12, 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 Pegasystems Inc. (PEGA) available here: PEGA.
PEGA Ratings for May 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
50.64 |
| P2 |
58.54 |
59.06 |
58.32 |
| P3 |
59.94 |
62.12 |
66.54 |
AI Generated Signals for PEGA
Blue = Current Price
Red= Resistance
Green = Support
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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 Pegasystems Inc. (NASDAQ: PEGA) data table below can help you with price action, and we have more details too. Trading plans for PEGA 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.
Fundamental Charts for PEGA:
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