Trading (PLMR) With Integrated Risk Controls
June 23, 2024, 23:10 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PLMR
- Buy PLMR slightly over 72.72 target 82.13 stop loss @ 72.51 Details
The technical summary data tells us to buy PLMR near 72.72 with an upside target of 82.13. This data also tells us to set a stop loss @ 72.51 to protect against excessive loss in case the stock begins to move against the trade. 72.72 is the first level of support below 78.16 , and by rule, any test of support is a buy signal. In this case, support 72.72 would be being tested, so a buy signal would exist.
- Short PLMR slightly under 82.13, target 72.72, stop loss @ 82.37 Details
The technical summary data is suggesting a short of PLMR as it gets near 82.13 with a downside target of 72.72. We should have a stop loss in place at 82.37though. 82.13 is the first level of resistance above 78.16, and by rule, any test of resistance is a short signal. In this case, if resistance 82.13 is being tested, so a short signal would exist.
Swing Trading Plans for PLMR
- Buy PLMR slightly over 81.23, target 82.13, Stop Loss @ 81 Details
If 81.23 begins to break higher, the technical summary data tells us to buy PLMR just slightly over 81.23, with an upside target of 82.13. The data also tells us to set a stop loss @ 81 in case the stock turns against the trade. 81.23 is the first level of resistance above 78.16, and by rule, any break above resistance is a buy signal. In this case, 81.23, 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 PLMR slightly near 81.23, target 77.87, Stop Loss @ 81.46. Details
The technical summary data is suggesting a short of PLMR if it tests 81.23 with a downside target of 77.87. We should have a stop loss in place at 81.46 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, 81.23, 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 PLMR
- Buy PLMR slightly over 78.59, target 80.67, Stop Loss @ 78.41 Details
If 78.59 begins to break higher, the technical summary data tells us to buy PLMR just slightly over 78.59, with an upside target of 80.67. The data also tells us to set a stop loss @ 78.41 in case the stock turns against the trade. 78.59 is the first level of resistance above 78.16, and by rule, any break above resistance is a buy signal. In this case, 78.59, 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 PLMR slightly near 78.59, target 77.87, Stop Loss @ 78.77. Details
The technical summary data is suggesting a short of PLMR if it tests 78.59 with a downside target of 77.87. We should have a stop loss in place at 78.77 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, 78.59, 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 Palomar Holdings Inc. (PLMR) available here: PLMR.
PLMR Ratings for June 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
72.72 |
| P2 |
78.59 |
77.87 |
82.13 |
| P3 |
80.67 |
81.23 |
91.63 |
AI Generated Signals for PLMR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PLMR:
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