How the price action of Powershares Ftse Rafi Us 1500 (PRFZ) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for PRFZ
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short PRFZ under 173.08, target n/a, stop loss @ 173.58 Details
  • The technical summary data is suggesting a short of PRFZ as it gets near 173.08, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 173.58. 173.08 is the first level of resistance above 160.78, and by rule, any test of resistance is a short signal. In this case, if resistance 173.08 is being tested, so a short signal would exist.

Swing Trading Plans for PRFZ
  • Buy PRFZ over 162.95, target 173.08, Stop Loss @ 162.48 Details
  • If 162.95 begins to break higher, the technical summary data tells us to buy PRFZ just over 162.95, with an upside target of 173.08. The data also tells us to set a stop loss @ 162.48 in case the stock turns against the trade. 162.95 is the first level of resistance above 160.78, and by rule, any break above resistance is a buy signal. In this case, 162.95, 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 PRFZ near 162.95, target 158.23, Stop Loss @ 163.42. Details
  • The technical summary data is suggesting a short of PRFZ if it tests 162.95 with a downside target of 158.23. We should have a stop loss in place at 163.42 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, 162.95, 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 PRFZ
  • Buy PRFZ over 162.50, target 162.95, Stop Loss @ 162.12 Details
  • If 162.50 begins to break higher, the technical summary data tells us to buy PRFZ just over 162.50, with an upside target of 162.95. The data also tells us to set a stop loss @ 162.12 in case the stock turns against the trade. 162.50 is the first level of resistance above 160.78, and by rule, any break above resistance is a buy signal. In this case, 162.50, 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 PRFZ near 162.50, target 158.23, Stop Loss @ 162.88. Details
  • The technical summary data is suggesting a short of PRFZ if it tests 162.50 with a downside target of 158.23. We should have a stop loss in place at 162.88 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, 162.50, 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.

PRFZ Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Neutral
P1 0 0 173.08
P2 157.73 158.23 182.51
P3 162.50 162.95 191.56

PRFZ Long Term Analysis for May 19 2022


PRFZ Swing Trading Analysis for May 19 2022


PRFZ Day Trading Analysis for May 19 2022

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  Powershares Ftse Rafi Us 1500 (NASDAQ: PRFZ) data table below can help you with price action, and we have more details too. Trading plans for PRFZ 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.

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